It is a universal fact that Canadians are very much fond of travelling as compared to people of other countries. The Canadians usually travel to those parts of world where they could find adventures. Normally, they spend a certain percentage of their earnings on travelling.
This is the reason why travel agencies love Canadian clients so much. Apart from their business, these travel agencies also thought of the security of their clients.
Travel insurance for Canadians has always been kept an eye on as the health expenses during travel are very high and the Canadian government health insurance pay only a small part of the expenses incurred during a trip outside Canada or outside the province of residence.
The high health expenses are the least thing a traveler would want. The family of the person who travels has to pay the bills and thus without an emergency travel insurance, the person will find it hard to survive.
While going for travel insurance plan the major question asked by the traveler is “What kind of travel insurance should I go for?”
Listed below is variety of travel insurance plans depending upon the requirements of the traveler and also what type of plan is best for Canadians.
SINGLE TRIP: This type of policy covers individuals for journey away from home only once a year.
MULTI TRIP: Multi-trip policy covers insurance for numerous trips in a year. Multi-trip plans often have limits about the time period of trips you are able to make. 15 day or one month trip limits are common, however, some firms let you take as many as sixty days on every trip.
ALL INCLUSIVE: An All inclusive plan will be effective if you want to have complete coverage including emergency medical protection, trip cancellation, and trip interruption, baggage insurance plans and health evacuation insurance. The major drawback of this plan is high payments even more than double the total cost of a single trip. But this can be avoided and a lot of money can be saved by going for supplementary trip cancellation plan.
TRIP CANCELLATION AND INTERRUPTION INCLUSIVE: These types of packages are good if you are concerned about the expensed in case your trip is cancelled or rescheduled. These plans are also good option while travelling in groups with family or friends. Trip Cancellation and interruption inclusive insurance plan will let you cancel your trip for pre-specified reasons like illness of yourself or a travelling companion, or any work loss. These policies usually are higher priced, but they do give you peace of mind.
BAGGAGE: During travelling, if the traveler lost his or her luggage, the Baggage Insurance plan will protect him or her and their loved ones. The benefit under this plan a traveler can get ranged from about $500 to $2000 per consumer depending upon the plan.
MEDICAL EVACUATION: This type of insurance plan is necessary while going on a cruise or to some remote location. Emergency health evacuation insurance can pay for the transportation to the closest medical facility or alternatively back to your point of departure. While medical evacuation is covered in many medical travel insurance policies, a separate medical evacuation insurance plan can also purchased.
PRE EXISTING CONDITIONS: This type of insurance plan covers those travelers who are suffering from some pre existing diseases like, diabetes and some heart related issues at the time when trip started, even if they did not have the problem at the time of obtaining the insurance plan.
ACCIDENTAL DEATH AND DISMEMBERMENT: This type of travel insurance is will take care of the traveler for injuries they get while riding as a fare-paying passenger on an airplane, helicopter or common carrier (a bus, boat, or even train). Insurance companies generally pay a set amount of money if the traveler loses an arm or leg or other part of body during vacation. There’s also a death benefit that is paid out ranges from $10,000 to $25,000 if you pass away on your voyage.
Whatever type of travel insurance you decide to take, it is always advised to read terms and conditions of the policy very carefully before going out on a journey.
This Article is prepared for general information purposes only and is intended to provide comments for readers and friends. The contents should not be viewed as legal advice or opinion.