Travel insurance is essential for protecting yourself, your loved ones, and your financial well-being while traveling. Here are several important reasons to consider it:
No Coverage from the Canadian Government for Out-of-Country Claims
The Canadian government no longer reimburses for medical claims that occur outside the country. This means if you experience an illness, injury, or accident while abroad, the responsibility for covering potentially high medical costs will fall entirely on you. Without insurance, you may face significant out-of-pocket expenses that could deplete your savings.
Healthcare Providers May Deny Treatment Without Proof of Insurance
In many countries, hospitals and medical providers may refuse to provide care unless you can prove that you have travel insurance. In urgent medical situations, having coverage ensures you will receive the care you need without delays caused by verifying your ability to pay.
Protect the Value of Your Trip in Case of Cancellation
Unexpected events can happen before your departure, whether it's illness, an emergency, or even disruptions like weather or political unrest. Trip cancellation and interruption insurance helps you recover non-refundable costs, such as flights, accommodations, and prepaid excursions. This means that even if your trip is unexpectedly cut short or cancelled, you won’t lose all the money you’ve invested.
Safeguard Your Savings and Cash Flow
Medical expenses abroad can be overwhelming and sometimes run into tens of thousands of dollars. Travel insurance helps prevent the depletion of your savings by covering medical costs, hospital stays, emergency transportation, and more. Without it, an unexpected event could disrupt your financial stability for years to come.
Travel Insurance Products I Can Offer Include:
Out-of-Country Travel Insurance
Designed for Canadians traveling abroad, this policy covers emergency medical expenses, hospital stays, and more, ensuring that you’re protected during your journey.
Visitors to Canada Insurance
If you have family or friends visiting Canada, this insurance covers their medical expenses while in the country. It’s particularly important since they won’t be covered by Canadian provincial healthcare plans.
Student Coverage: Both In and Outside Canada
Whether you’re a student studying abroad or an international student in Canada, student travel insurance provides coverage for health-related expenses during your studies, safeguarding against unexpected medical costs.
Trip Cancellation and Interruption Insurance
This insurance protects the value of your trip should you need to cancel or cut your vacation short. It covers non-refundable costs and other expenses related to sudden changes in your travel plans.
We are here to help you find the right travel insurance solution tailored to your specific needs. Please don’t hesitate to contact us for a consultation to discuss the best options for protecting your travel plans.
