Canadian Travel Insurance

February 21, 2013

canadian travel insurance

The Cheaper and Safer Way to Travel

Wherever your travels take you, make sure you are taking the proper travel insurance along for the trip. It’s the best travel companion you could ever wish to have; it’ll go where you want to go, allow you to do what you want to do, and could even save you a hefty sum of money too.

The fact is, travel insurance offers you peace of mind. It allows you to enjoy travelling just about anywhere in the world without worrying about the cost of an unexpected travel or medical emergency.

We know you’re probably thinking, “Who? Me worry? Why would I worry? I’m on vacation!” It’s easy to believe, “It won’t happen to me,” but the fact of the matter is, accidents and sudden illnesses happen. That’s why travel insurance exists; sometimes “it” does happen, and when you’re away from home—in unfamiliar surroundings, no less—travel insurance can be your best travelling companion.

Travel insurance comes in a variety of forms, and each can be purchased at very reasonable costs. There are many Canadian travel insurance providers to choose from, as well as travel insurance policies.

Travel plans are varied and flexible enough to accommodate just about any traveller’s needs. By comparing quotes online, it’s also affordable – and more than likely, cheaper. Current industry research suggests that travellers can save up to 50 per cent on emergency medical travel insurance for a single trip of 7 days by shopping around and comparing prices online.

Read on to find out more about the different kinds of travel insurance quotes you can compare.

Travel Insurance

Travel Health Insurance, or Travel Medical Insurance, is an emergency medical plan designed to protect you if you are suddenly ill or injured while travelling. It typically includes coverage for emergency medical treatment, hospitalization, emergency transportation (ambulance), X-rays, prescription medications and emergency dental care. These are the basics, however, there are policies that are more comprehensive and include extras like child care, meals and accommodations for travel companions, even return of pets if you’re travelling with your furrier friends.

Compare prices and policies to find one that’s right for you and your next adventure.

What type of travel insurance policy do you need? There are a variety of policies that offer emergency medical travel insurance coverage:

  • Single Trip

    Single trip policies provide coverage for a specific timeframe with a set departure and return date

  • Multi-Trip

    Annual policies provide coverage for every trip you take within a year of the policy’s purchase

  • All Inclusive

    All Inclusive plans include coverage for a set timeframe but also provide coverage for Trip Cancellation/Delay and Baggage Damage/Loss

  • Top Up

    A Top Up travel insurance policy—obtained prior to departure—is purchased by travellers who already have emergency medical travel coverage, although not for the full duration of the trip

Don’t leave home without having emergency medical travel insurance because medical expenses for emergency treatment outside of Canada can be costly. Your provincial health plan may only cover a small portion, if any, leaving you left to pay the remainder.

Snowbird Travel Insurance

Travellers who venture south for the winter, or similarly migrate to someplace warm, have a travel insurance plan especially for them too. Often referred to as Snowbird Travel Insurance, these policies are generally available to anyone—snowbird or not—who are 55 and older going away for more than a month. These travellers represent a large demographic in Canada, so this plan is a particularly popular and important one.

A Snowbird policy is medically underwritten and can be purchased in much the same way as most other emergency medical travel plans: as a Single Trip policy, Multi-Trip policy, or as part of an All Inclusive plan.

Travel Visitors to Canada

The last thing anyone wants to think about when planning a trip to Canada is getting sick or injured. However, even in Canada, a minor injury or illness can become a major expense for those without insurance. According to a 2008 report, a typical hospital stay in Canada costs $7,000. This alone is an alert to visitors who come to Canada in the chance they face a medical emergency.

Canada’s well known health care system does not offer free medical care for visitors or tourists, so for guests coming to Canada without Visitors to Canada travel insurance coverage, health care can be costly.

Who should think about getting Visitors to Canada travel insurance? Visitors to Canada insurance makes sense for anyone who is coming to Canada to travel, visit family or friends, or is planning on living in Canada but does not yet qualify for Canadian provincial health insurance.

Super Visa Health Insurance

The Canadian government introduced the Super Visa back in 2011, allowing parents and grandparents of Canadians citizens (or permanent residents) an opportunity to visit Canada for up to two years at a time. In order to be eligible for a Super Visa, the applicant must prove their coverage fulfills the Super Visa health plan requirements. In order to qualify, the health insurance must:

  • Come from a Canadian insurance company
  • Be valid for a minimum of one year
  • Cover health care, hospitalization and repatriation
  • Provide a minimum of $100,000 in coverage, and
  • Be valid each time the visa holder enters Canada

Just like any insurance policy, the costs of an emergency medical health insurance policy that meets the needs of the Super Visa can vary significantly. The best way to ensure you’re not overpaying is to shop around and compare quotes online.

Travel Insurance for International Students

Students coming to Canada to study are often required to have emergency medical insurance coverage in place before classes start. Student travel insurance coverage is easily available and helps protect students from unexpected costs due to accidents, health and medical emergencies while studying in Canada. It’s necessary because—just like visitors to Canada—health care can be costly without coverage, no matter your age.

Conclusion

For Canucks travelling abroad or for visitors to the country, Canadian insurance companies have you covered. For anyone planning an adventure in the near-future, proper travel insurance is a must for any trip because it protects you from the financial hit resulting from medical or other emergencies that could derail even the best planned trips.
 

*Save 50% on travel insurance: The average savings for emergency medical travel insurance for single travellers, age 30 – 59, for single trips of 7 days, as compared with the published rates of 5 Canadian banks for their equivalent emergency medical travel insurance. Actual savings vary depending on number of travellers, age, trip duration, and coverage selected. Based on research as of September 4, 2012.



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