Canada travel insurance is meant for Canadians who are traveling within the country or abroad. It protects them from financial concerns related to medical emergencies, lost baggage, money, accidents, trip cancellations or any personal liability.
Canada Travel Insurance: Coverage
The various forms of coverage are:
Emergency Medical Coverage: This covers all the concerns during a medical emergency, such as the hospital bills and medication while on a trip.
Baggage Insurance: This offers a cash cover for lost luggage. The inclusion of passport in the cover will ensure that the admin charges for a new passport are given by the insurer.
Trip Interruption /Cancellation Insurance: This provides compensation for lost money in case of cancellation or interruption of your trip due to any unforeseen event.
Rental Car Protection: This insures the vehicle you may have rented at your holiday destination. Any damage to this rented vehicle will be payable by the insurance company.
Student Medical Insurance: This covers the expenses on the treatment of any medical problem that a Canadian student might face while traveling.
All Inclusive Holiday Package Insurance: This covers almost all the aspects related to the travel, including baggage or money loss, accidents, trip cancellation, interruption or delay.
Why is it Important to get Canada Travel Insurance?
There are various opportunities for adventure sports like hiking, rafting, skiing and snowboarding in Canada. If one plans to enjoy any of these activities, s/he must ensure that the travel insurance policy includes them under the coverage. Relying on your Medicare card in a foreign land might not be a very good idea and having travel insurance would help in certain countries (like Australia) that do not have a reciprocal health agreement with Canada. Due to high crime rates in regions like Ottawa, travel insurance is as important as exercising common sense to ward off unwanted attention.
What are the Different Kinds of Canada Travel Insurance Available?
Based on how avid a traveler is, one can opt for either short term/single trip insurance lasting up to three months or long term/multi trip insurance lasting up to a year. Foreign national insurance will give coverage to all non-Canada citizens. Expatriate insurance is meant for Canadians living abroad.