Whether it’s to the beach, the city, or somewhere in between, travel gives us unforgettable escapes in beautiful places. But what happens when a trip doesn’t go as planned? A medical emergency or accident can have financial consequences that last far longer than your trip. That’s where travel insurance comes in: it helps provide Canadian residents with out-of-province or country coverage for unexpected travel expenses such as emergency, medical, and more.
What’s included in travel insurance? What are the different types?
Travel insurance can reimburse you for unexpected expenses while you’re abroad or in another province or territory, from hospitalization, to transportation, and more. When you’re travelling, unexpected expenses can result in a hefty bill on top of what you already paid for your trip. Travel insurance can:
- Help pay for emergency health expenses if you were to get sick, fall, and be sent to a foreign hospital;
- Alleviate some financial consequences of flight delays or cancellations, misconnections, baggage issues, and more;
- Minimize loss of non-refundable travel expenses when you must cancel for a covered reason, such as visa delays, or if a loved one gets sick and needs your care.
Do I need Travel Insurance?
Having insurance while travelling is strongly recommended. Based on a survey conducted by the Conference Board of Canada, 82% of Canadians traveled with travel coverage in 2022. This speaks volumes and shows that most Canadians think having protection for unplanned emergencies while travelling is a necessity.
Travel coverage can protect you not only from emergency medical costs, but also from flight delays/cancellations, baggage loss/damage, travel accidents, and unforeseen events. Depending on your policy, you could get reimbursed for incurred costs if a covered event caused you to cancel or rebook your trip.
How can I get Travel Insurance?
It’s easy! To get the plan best suited to your needs, you can get a quote from BCU Insurance. Just give us a call or request a quote on our website. Have your travel dates, contact information, health information, and credit card or bank information on hand.
