Perhaps you were admiring some Gothic architecture and missed that last step, or ate a bad fish sandwich from a vendor on the beach. Maybe the airline ‘misplaced’ your luggage before your trip even started – or maybe you just need to get home quickly. There’s no way to know why you could end up needing travel insurance, but one thing is for sure: if you do, you’ll be glad to have it.
And while the typical reasons to buy coverage for a vacation can sometimes seem quite unlikely (insurance providers tend to cite severe medical emergencies, last-minute cancellations and airlift evacuations as their favourite what-ifs), they’re also easy situations to protect yourself against. Which begs the question: why wouldn’t you?
Here are a few key reasons to consider buying medical and trip cancellation insurance:
Healthcare is often different abroad
Some Canadian travellers tend to forget that our country’s government-provided healthcare doesn’t extend to adventures beyond its borders. Fact is, even the most idyllic vacation spots can have a considerably different – and more expensive – system in place. An incident which may have cost four hours of time in a Canadian ER could mean thousands of dollars in examination, testing, and medication fees elsewhere, and remote destinations tend to require hospital transportation via plane – which comes with its own set of costs.
Reality rarely fits into an itinerary
As with many things, life doesn’t tend to care whether your plane ticket is refundable or not. In today’s world of shifting schedules and unforeseen events, having the flexibility to cancel or change travel plans last-minute without suffering a financial loss has become a necessity. When it comes to busy professionals whose business keeps them regularly abroad, being able to alter a departure date to accommodate a client can be the difference between making – or breaking – a deal.
Someone will have your back
Everyone knows that the primary purpose for purchasing travel insurance is to protect oneself against the unexpected, but it’s also largely about having peace of mind. When the unforeseen occurs, logistics and emergency contacts are the often the furthest thing from a traveller’s thoughts. Having a plan in place – as well as a network of professionals ready to jump into action on your behalf – means you don’t have to worry about making any tough decisions.
These days, there’s a plan for everyone
Just like travel plans, not all types of insurance are one-size-fits-all. If your trip costs are being covered for business purposes, for example, you may not need to worry about cancellation insurance – just a medical plan. On the flip side, if your itinerary has you zip-lining or scuba diving, it’s wise to confirm whether and which risky activities are included in your basic coverage. For times when your itinerary is more than just a flight and a resort reservation, speaking with your travel advisor about your plans can be a good way to ensure you’re buying the most effective coverage.