Travel insurance can address the financial impacts of many common problems that can arise when you are traveling. Policies are sold for either single trips or defined time frames with the option to renew indefinitely. Just like other forms of insurance, travel insurance policies cover specific events up to a predetermined coverage limit. Coverage limits determine policy premiums that are paid for when the policy is first purchased or on renewal dates.
Traveling outside of Canada without travel insurance means that you are running the risk of taking on a major expense and inconvenience in the event of a minor accident or sickness. In fact, most people who do not buy travel insurance often believe that they are covered by their credit card, employee group plan, or even their government health insurance; however, this is not the case, as these things only cover a small portion of your medical expenses once you travel outside of the country. Getting travel insurance is the only way that you can be sure that you are completely covered when traveling outside of Canada.
There are several types of travel insurance that you can purchase, including:
This policy covers discrete trips or portions of trips, and allows you to cover the entire duration of a single trip, from the moment you leave home to the moment you return.
This policy is great for frequent travellers as it is usually good for one year, with the option to renew indefinitely. Most insurance agencies offer annual plans for single travelers and couples, with minor-age children included at no additional cost. This policy option also tends to be cheaper than single trip insurance.
Sometimes referred to as travel health insurance or international health insurance, is designed to provide reimbursement or cash payments for medical treatment and transportation expenses outside of Canada.
This policy provides reimbursement and cash payments for urgent and emergency evacuations from anywhere in the world. Covered travels often face little to no out-of-pocket upfront costs that would later require reimbursement.
Almost always provides cash payments for accidental death and dismemberment, either to you or your designated beneficiaries. This policy can also include direct payments or reimbursements for medical evacuation and emergency medical treatment, beneficiary payments for travellers killed in flight accidents, and supplemental term life payments to family members.
Mountainview Travel Insurance in Abbotsford has every type of travel insurance policy available for you to choose from. If you are planning an out of country trip, stop by our Abbotsford office, or contact us at 604-557-0255 or by filling out a contact form on our website. Our professional team of travel insurance experts will be more than happy to help you figure out which travel insurance policy will work best for you.
We’re ready to understand your insurance needs and to work for you to get the coverage you need.