Now more than ever we feel that no one should travel without insurance. Covid has given us so many examples around the world where an unexpected pandemic has led to thousands of uninsured travellers, losing large sums of money. None of us expected a virus to affect us globally but that’s exactly the point of travel insurance. Protection again the unforeseen & unexpected.
As travel insurance can be so confusing, allow me to simplify the two major components, Cancellation & Interruption and Medical, what they mean and when you need them.
CANCELLATION & INTERRUPTION
Cancellation insurance should ideally be bought on the same day as the payment of your trip deposit. That way, you’re assured that your deposit is protected if something should happen to you before you depart from home. In many cases, large trips are booked a year in advance, and anything could happen to you or your family in the time leading up to your vacation (such as the case of ‘Josie’ above). Did you know that approximately 70% of all claim pay-outs are for incidents that happen before you leave home? Interruption is coverage needed for an interruption during your trip – for example you break your leg on day 4 of a 14-day vacation and you can’t continue with your trip. The remaining pre-paid days are covered and reimbursed.
Coverage for the medical component of your trip starts when you leave your front door to depart on your vacation and ends on the day of your return. Any unexpected emergency is covered, such as the medical treatment you would need if breaking your leg in a foreign destination. A good policy should give you all the extras such as air evacuation, ambulance, hospitalization, repatriation and more. Remember this is NOT about you ‘never getting sick’, this is about the unexpected – an accident while in a taxi, a serious stomach bug on a beach vacation, the twisted ankle or heart attack you never saw coming.
While working in Northern Botswana several years ago, I was responsible for organizing the emergency flights out of our luxury safari lodges whenever a guest needed a medevac to the nearest hospital. Though some of these emergencies were for serious incidents, many were for symptoms of extreme dehydration. Regardless of the severity, they always ended up costing hundreds of thousands of dollars. You can imagine, the further you are from a major hospital, the higher the evacuation cost will be. One thing that always stood out though was the exceptional care, service and professionalism that the patient and the family received, as part of an insurance-covered medevac. Without it, you’ll be left navigating the fears, decisions, and extreme costs, on your own.
We offer a comprehensive range of insurance options such as Youth packages, Travel within Canada, Visitors to Canada (great for family visiting from abroad), Covid Pandemic Plan and even coverage for pre-existing conditions. Please contact us for advice on how best to protect you and your family.