Why Travel Insurance is Important
During these cold winter months, many people escape to warmer destinations or overseas getaways. While there are many things to consider when planning a trip, buying travel insurance should definitely be one of them. No matter where you’re travelling, there are several reasons why travel insurance is a must:
- Medical Assistance Outside of Canada is Expensive
A primary incentive to get travel insurance can be for the emergency medical assistance. Did you know that while traveling outside of Canada, emergency medical expenses are generally not covered by the provincial medical plan? And even travelling within Canada, but outside of Saskatchewan, some medical and paramedical expenses may only be partially covered. This means if you get injured or sick and need medical treatment or transportation, you could be on the hook for hundreds or even thousands of dollars. This can be especially true if you’re vacationing internationally or in a remote area, where medical costs can be higher than usual.
Should you need medical assistance while traveling, travel insurance companies are available around the clock to assist with finding local medical facilities, transportation to a hospital or clinic, arranging for prescription medicine, medical evacuation, transportation back home and help in acquiring lost travel documents.
- Interrupted Travel Can Be Costly
Another important reason to buy travel insurance is to cover costs that may be incurred if your travel plans are interrupted due to things like flight delays or cancellations, missed connections that require you to pay for hotel stays, meals, transit from the airport and back, and recoup losses when luggage or valuables go missing. Trip cancellation insurance can also cover costs that may be incurred in the event of an emergency, like a death in the family or an early return home from a trip.
- Don’t Assume You Are Already Covered
Although your credit card might reimburse you for some expenses that were purchased using your card, other aspects of your trip will not be covered – and this could add up to thousands of dollars more. Similarly, many people are surprised to know that their benefits plan through work does not adequately include travel insurance.
- Travel Insurance is Affordable
Many people don’t buy travel insurance because they believe it is too expensive. However, this is a common misconception. There are various coverage options that you can choose from that will fit within your budget.
And keep this mind – if you spend a thousand dollars to go away for a few days, why wouldn’t you spend a few extra dollars on insurance to properly protect yourself?