An accident in an aircraft or a plane crash can cause serious injuries and even death. As a result, the person or his/her family may have to incur huge hospital and medical expenses. This is where flight accident insurance Canada provides financial protection for such expenses. Canada accident insurance provides a cover for any regularly scheduled commercial flight.
Canada Accident Insurance for Flight Travel: Concept
Canada accident insurance for flight travel provides policyholders a cover in case of the loss of a body part, sight or life as a result of an accident on a plane.
The coverage period of a Canada accident insurance policy for flight travel starts when:
The insurance policy application is accepted by an insurance company.
The effective date stated on the application is reached.
The policyholder starts his/her travel.
The coverage period of a flight accident insurance policy ends either on the expiry date stated on the policy documents or the date on which the policyholder completes his/her travel, whichever occurs earlier.
To be eligible for flight accident insurance Canada, policyholders or beneficiaries need to establish that the accident occurred on a flight for which tickets were booked prior to the date of the commencement of the policy.
Flight Accident Insurance Canada: Why is it Preferred?
The coverage of flight accident insurance is different to countless plans offered by various companies. It is preferred by travelers because:
It is quite cheap.
Many people can be covered under the same policy.
The plan is available for a one-way trip.
The insurance benefit is free of income tax.
All regular commercial flights are covered under this policy.
It offers protection from the moment the policyholder starts his/her trip till the time it ends. It does not take into consideration the number of flights taken throughout the trip.
It offers cover even if the airline by which the policyholder is traveling has declared bankruptcy.