Preparing for an upcoming trip? Here's a rundown on travel insurance essentials
Traveling can be an exciting experience, but it also comes with its own set of risks and unexpected expenses. According to Rachel Lalonde, Travel Store Manager with CAA, emergency medical expenses while traveling can reach tens of thousands of dollars.
For instance, if you were to break a leg while on your travels, the cost could range from $20,000 to $30,000. Even an ambulance ride within Canada without travel insurance could result in a $1,000 bill.
In such scenarios, travel insurance can provide a safety net. It can cover ambulance fees and per-kilometer costs to a hospital, ensuring you don't have to bear the brunt of these high expenses.
Lalonde recommends getting travel insurance as soon as travel plans are made. She has observed a shift in travel habits, with more people choosing quieter areas in Europe and more Canadians traveling within the country. In light of this, travel insurance is still recommended for trips within Canada, even though it might not be commonly thought of as necessary.
Travel insurance offers more than just medical coverage. Cancellation insurance reimburses you if you're unable to go on your trip due to unforeseen circumstances. Interruption coverage, on the other hand, is for recovering costs if you have to cut your trip short.
Lalonde also suggests bundling multiple insurance types (cancellation, interruption, medical, baggage) to save money. This way, you can have comprehensive coverage without breaking the bank.
Moreover, medical insurance is important to purchase before a trip to cover potential high expenses that might not be covered by OHIP. For instance, ambulance services in Canada are not always covered under OHIP.
Travelers within Canada are advised to purchase travel insurance to cover non-refundable expenses like hotel costs if they are unable to travel due to unforeseen circumstances.
Rachel Lalonde, Travel Store Manager at CAA, offers travel insurance from CAA Travel Insurance, an Orion Travel Insurance product underwritten by Echelon Insurance. She emphasises the importance of being prepared and ensuring peace of mind during your travels.
In conclusion, while travel insurance may seem like an additional expense, it can provide significant financial protection in the event of unexpected emergencies or trip disruptions. It's a small investment that can save you from potentially large expenses down the line. So, whether you're planning a trip across the globe or a staycation within Canada, consider investing in travel insurance for a worry-free vacation.
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