Insurance
Travel Insurance
Travel should be exciting, not financially risky. For Canadians, leaving the country or even traveling outside their home province can expose you to unexpected costs that provincial health plans do not fully cover.
Why Canadians Need Travel Insurance
Most provincial health insurance plans provide limited or no coverage outside Canada, and even coverage between provinces can be restricted. Medical treatment in destinations like the United States can cost thousands of dollars per day, and emergency evacuation can be extremely expensive.
Limited Provincial Coverage
Most provincial health plans provide little to no coverage outside Canada.
Interprovincial coverage may also be limited.
High Medical Costs Abroad
U.S. hospital stays can cost thousands per day.
Emergency medical evacuation can cost tens of thousands.
Trip Cancellation Protection
Covers illness, family emergencies, severe weather, or airline disruptions.
Reimburses non-refundable flights, hotels, and tours.
Baggage and Delay Coverage
Compensation for lost or delayed luggage.
Coverage for essentials during long travel delays.
Types of life insurance
Canadians can purchase travel insurance through private insurers, banks, or certain credit cards that include travel benefits. When choosing a policy, focus on coverage details, not just price. Look for at least $1 million in emergency medical coverage, review exclusions and deductibles carefully, and check how pre-existing medical conditions are handled.
How Canadians Can Get Travel Insurance
Choose the Right Type of Policy
Single-trip for occasional travel.
Multi-trip annual for frequent travelers.
Medical-only for basic protection.
Comprehensive for full coverage.
Compare Coverage, Not Just Price
Minimum $1 million emergency medical coverage recommended.
Review deductibles and exclusions.
Check policies on pre-existing conditions.
Check Existing Coverage
Review benefits from your credit card or employee benefits plan.
Confirm coverage limits and eligibility requirements.
Purchase Early
Buy insurance immediately after booking.
Ensures trip cancellation coverage begins right away.
How to get Insurance
Term insurance offers affordable coverage for a specific number of years, typically available in terms of one, five, 10, or 20 years, and is the most common type of life insurance. While premiums remain constant throughout the term, it becomes more expensive as you age, and coverage is generally unavailable after age 75 to 85. Most policies are renewable, allowing you to extend coverage without a medical exam, though renewal premiums are predetermined in the contract.
