If you are a citizen or permanent resident of Canada, you already know that you have one of the best healthcare systems in the world. With many of your medical services paid for through the health plan, you have better access to health care than many others. However, there are also times when you might need to purchase supplemental insurance, and one of those times is when you are traveling. There are several different types of travel insurance for Canadians, and many different scenarios where you might find it beneficial to have a policy.
What is Travel Insurance?
Travel insurance is a type of coverage designed for Canadians who are traveling in areas of Canada outside their province of residence, or who are traveling outside of Canada entirely. Most countries you might want to visit are covered by travel insurance, and you can travel knowing that you have the coverage you need in case something happens to you.
What Does Travel Insurance Cover?
Although coverage can vary from company to company, and also depends on the coverage you choose, most travel insurance policies cover the following:
- Emergency medical services for accidents or illnesses you suffer while traveling.
- Lost or stolen luggage coverage.
- Transportation back to Canada if deemed medically necessary for you to return home.
- Trip interruption coverage in case you have to cut your trip short.
- A refund of your premium if you have to cancel your trip prior to the date of departure.
- Additional optional coverages such as companion travel expenses if you have to come home, among others.
Doesn’t My Canadian National Health Policy Cover Me While Traveling?
If you are limiting your travels solely to Canada, a certain amount of medical expenses you might incur will be covered. However, since every province has different coverage, a travel insurance policy will help defray any additional costs that are not covered by the national policy. If you are traveling to other countries, they may not recognize or accept your Canadian health coverage, so you will be required to pay out of your pocket and seek reimbursement upon your return home. If you have purchased a travel insurance policy, much of the hassle will go out of getting the medical coverage you need while on the road.
Where Can I Purchase Travel Insurance?
There are many different companies that offer travel insurance policies. The first thing to do is research different options and decide what kind of coverage you need. Your existing supplemental health policy may have travel provisions in the policy, and your insurance provider will be able to tell you whether there is any coverage. There are many different companies that offer travel insurance quotes online, and often your bank or credit card company has different insurance options. If you shop around and do your research, you should be able to find all of the coverage you desire at a reasonable price.
Regardless of where you purchase your travel insurance, if you plan on hitting the road, it is something that should be on the top of your list.