Do You Need Travel Insurance?
12 May 2022 Insurance Products
Travel insurance is often regarded as a product that is only for the overly cautious traveler. While most individuals tend to think that travel insurance is an unnecessary expense, the reality is that it can protect travellers from incurring thousands of dollars in medical expenses and other bills during their vacation. As a leading provider of complete insurance solutions, the team at Mountainview Insurance knows that travel insurance is something you will always be glad to have instead of wishing you had it. That is why they have outlined some information to demonstrate why you need travel insurance and what it covers.
Why is Travel Insurance Recommended?
While travel insurance is not required for a vacation, it is strongly recommended for a reason. While on vacation, your Canadian health insurance or extended health benefits may not cover your medical fees when you are outside of Canada. This can leave you with a massive medical bill in the event of an emergency. Hospitals in certain countries can also be very expensive and may not treat you if you do not have sufficient coverage or cannot pay for treatment, severely limiting your options for care.
What Does Travel Insurance Cover?
Travel insurance can provide coverage for the following:
Trip cancellation coverage reimburses you for pre-paid and non-refundable expenses should you need to cancel your trip before you depart. Your travel insurance company can provide you with a list of covered reasons for trip cancellation, which can include:
- Sickness or injury.
- Death of a family member or travelling companion.
- Severe weather conditions.
- Laid off work or required to work.
- Bankruptcy of your travel supplier.
- Called for jury duty.
Medical expense coverage will cover you for accidents and emergency medical/dental care when you travel abroad. Even if you are covered for basic emergency care overseas, your current health insurance provider most likely will not cover the total cost of treatment and other expenses.
Emergency evacuation coverage will pay for expenses such as airlifts, medically equipped flights back home, and transportation to your chosen hospital for care. This coverage is also crucial should you need to evacuate your vacation destination due to weather-based emergencies.
Lost/Delayed Baggage and Delayed Flights
Baggage coverage can reimburse you for your personal belongings if your luggage is lost, stolen, or delayed. The latter type of coverage provides funding so that you can purchase essential items until your delayed bags arrive. Travel delay coverage reimburses you for additional expenses if your flight is delayed, ensuring that you are not left with expenses you did not budget for.
To learn more about travel insurance or to inquire about their other insurance solutions, get in touch with the team at Mountainview Insurance. They can be reached through their online contact form and will be happy to answer any questions you may have regarding their services.