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Why Canadians need travel insurance

We know when you're on a tight budget, travel insurance can seem like an unnecessary expense. You’ve been planning this trip all year and the last thing on your mind is that something may go wrong.

We love that you’re a positive thinker with an "it will never happen to me" attitude, but unfortunately things do happen to anyone, anywhere.

No matter whether you travel overseas regularly, are just popping to the next territory for the weekend, or even city hopping for business, leaving yourself open to exposed risk could see your trip end in serious financial ruin.

The last thing you want on your well deserved break is to waste all that travel money on medical costs leaving you with an empty pocket.  Check out our 8 top reasons why Canadians need travel insurance:

1. Your provincial health care plan won’t cover you outside of your province

I’ve got health insurance, so I’m already insured right!? Wrong! Don’t assume your current health insurance covers you throughout all of Canada. Each province has their own health care plan – intended to provide health care coverage within that province, not outside of. You may find that some do offer limited hospital services outside of your usual territory, but that’s not a given. So before you go climbing the Rockies without a worry, make sure you pack travel insurance for any trip outside of residing province…otherwise you might find yourself in pain and penniless.

2. Your work benefits don’t neccesarily include travel coverage

Travel insurance that is included as part of your work benefits/package is unlikely to cover non-medical emergencies like flight cancellations, accommodation disruptions, family emergencies, travel delays, lost or baggage. What’s more, you don’t get to choose.  Your company will most likely have a long standing partnership with an insurer that provides insurance for all employees– but that certainly doesn’t mean the insurance supplied is suitable for you or your specific needs.

3. Your credit card cover doesn’t kick in automatically

Never assume that your card provides you with free cover as standard. Let’s say you do have a card with cover included, you’re more than likely going to have to jump through a few hoops to activate it. Activating your cover usually involves paying a certain percentage of your holiday using the card and making sure that amount exceeds the minimum spend. Also with many cards, the policy offered will only apply to the cardholder, not family members too.

4. Overseas medical treatment is really expensive 

Trust us when we say that the cost of travel insurance doesn’t even compare to the cost of an emergency hospital visit in another country. If you buy a policy for just one reason this is it! Falling ill or being injured while travelling can be unpleasant, stressful and very costly indeed. Daily hospitalization costs in Southeast Asia regularly exceed $800, and medical evacuations from the United States regularly range from $75,000 to $95,000! Ouchie.

5. You're covered if you need to cancel your trip

The excitement of getting on that plane has you knotted up like a pretzel. Picture your dismay if you had to cancel last minute. Worse still, imagine you’re mid-martini when bad news breaks. Should you need to return home, you’ll be covered for unforeseen events like injury or illness of a close relative.

6. Your personal belongings are protected away from home

Loss, theft or damage to your prized possessions can be a common, yet gut-wrenching experience. If your personal belongings go AWOL while you’re away the right policy will pay to replace or repair them. Win!

7. You get peace of mind

Travel insurance can be really affordable and gives you the freedom to focus on your vacation providing loved ones back home with the peace of mind that should anything happen, you're covered.

8. Because you have to!

Still not convinced? We hate to be the fun police but some countries (like Cuba) simply won’t let you in without cover!



Need some help? Use the search box below to find answers to all those tricky travel insurance questions. We’ve got heaps of travel insurance tips to help you get the best policy for your upcoming holiday!


Ask Eugene travel insurance geek extraordinaire anything

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