Why Do Canadians Need Travel Insurance?
We all love to travel, but are you prepared for the unexpected? Travel Insurance covers lost baggage, medical emergencies, personal item theft, and cancelled departures.
Depending on your Travel Insurance coverage, you will be partially or fully reimbursed for your unexpected travel related expenses. It is smart to purchase Travel Insurance as soon as you book your trip because you’re unlikely to find an insurer willing to provide you with a plan once you’ve begun your trip. Travel Insurance is vital, even if your trip is within Canada.
Types of Travel Insurance in Canada
There are Travel Insurance plans designed specifically for every possible travel related event which could lead to financial loss. You can mix and match these coverages, or you can purchase a Comprehensive Travel Insurance plan, which includes all coverages for complete peace of mind.
Medical Travel Insurance
Medical Travel Insurance covers expenses related to medical emergencies, injuries, and illnesses. There are two subcategories of Medical Travel Insurance: Single Trip Insurance plan and Multi-Trip Insurance plan.
Lost Baggage Insurance
Lost Baggage Insurance covers you in the event of lost and delayed luggage. The costs of replacement items and your suitcase will be reimbursed.
Trip Cancellation And Interruption Insurance
Trip Cancellation and Interruption Insurance protects you from costs due to cancellation fees and travel interruptions caused by bad weather, travel document hurdles, and family emergencies. With Trip Cancellation and Interruption Insurance, lost reservations, missed flights, and non-refundable tickets will no longer cause you significant financial loss.
All-Inclusive Travel Insurance
All-Inclusive Travel Insurance includes all of the benefits previously mentioned. Your premiums will be higher due to its extensive coverage.
How to Save Money on Travel Insurance?
We want to help you save your money. The best way to save money on Travel Insurance is to compare rates from multiple providers. This can be extremely time consuming. Luckily, Alliance Income Services Corp. does all the hard work for you! By simply requesting a quote online through our website, we check what rates you can get from every major Canadian insurer.
Are You A Frequent Traveler?
Purchasing a Multi-Trip policy saves you money on your Travel Insurance if you travel at least twice per year.
Travelling With Family?
When you purchase Travel Insurance for at least 3 family members, you pay a reduced rate.
Are You A Snowbird?
It’s possible to receive reduced rates when you purchase your policy well in advance of your travels. Some insurers offer reduced rates in late summer and early fall.
Extending Your Trip
Rather than buying a new policy, contact your insurance issuer to top-up your plan.
More Travel Insurance FAQs
Short introduction about travel insurance FAQs here.