Travelling somewhere? Don’t forget to get travel insurance! Here’s 5 facts to help you make an informed decision.
Travel insurance is a great way to keep your mind at ease, and your focus on vacationing or your very important business meeting while you are abroad. It helps you cover most medical expenses without a hassle when you’re travelling. Some travel insurances help you combine cancellation benefits, baggage claim and theft or loss benefits along with a main plan to help you stay even more secure.
The Canadian health insurance usually covers their citizens health only within the province they reside in. Even travelling to another province with a travel insurance is the right thing to do.
Considering buying one? But wait!
Here’s 4 things you should consider before you buy a travel insurance!
- What would you want your plan to cover?
- How will you be able to manage the payments required?
- Will it be able to get coverage from another source?
- Where to buy a travel insurance plan?
Most of us want a simple, well-defined plan that helps us travel without a hassle and would cover our expenses in times of an emergency. But consider your destination and understand the primary risks that come with that territory. It would be super beneficial for you to curate your plan accordingly.
Take in your trip duration, your destination and your travelling expenses into account while purchasing a plan. Converse with your insurance broker to understand what the expenses related to your plan might be and plan accordingly.
Another thing to consider before buying a travel insurance is to see if you could be covered under a plan from your office if you are on a business trip. You can always purchase a temporary travel insurance plan that covers what your plan at the office will not.
Do you even need travel insurance? Yes! There have been far too many stories depicting the mishaps that have occurred when Canadians have travelled without insurance. It is always better to have a plan than not.
The best way to buy a travel insurance is via a broker. They can go through your requirements and understand what you need. They can easily help you streamline your plan and get the most out of it.
Ready to travel with peace of mind? Get in touch with us today!