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Looking forward to a vacation? Don’t let travel insurance be an afterthought

(5 months ago)
The Canadian Press
BusinessHealthInsuranceYour MoneyLifestyle

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TL;DR: Key points with love ❤️

Experts emphasize the critical need for travel insurance for both domestic and international trips, covering medical emergencies, flight delays, and trip cancellations. Many travelers, especially younger ones and those traveling domestically, often overlook it, despite potential high costs not covered by provincial health care or basic workplace/credit card plans.

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  • Financial ruin from medical costs abroad (especially US)
  • High costs for trip disruptions
  • Lack of coverage for high-risk activities or pre-existing conditions
  • Potential for unexpected expenses during domestic travel
What: Experts are advising travelers to prioritize purchasing travel insurance for both domestic and international trips.
When: Recently; ongoing.
Where: Canada (specifically Ontario, Rockies), Mexico, United States.
Why: To mitigate significant financial risks associated with medical emergencies, trip cancellations, and disruptions, which are often not fully covered by provincial health care or basic plans.
How: By educating travelers on the types of insurance (medical/emergency, trip cancellation/interruption), highlighting common misconceptions, and advising on checking existing workplace/credit card benefits.

Experts emphasize the critical need for travel insurance for both domestic and international trips, covering medical emergencies, flight delays, and trip cancellations. Many travelers, especially younger ones and those traveling domestically, often overlook it, despite potential high costs not covered by provincial health care or basic workplace/credit card plans.