Travel Insurance in Canada – A Smart Choice
With insurance comes the need to apply, pay, and renew it periodically. It’s a hassle, especially if you don’t want to spend money on it.
You can search travel insurance plans by rating or price, and ensure you choose the right one.
Source: different plans available from many different insurance companies.
Additional Resource: Travel Insurance Canada
What Travel Insurance Isn’t for
One obvious misconception about travel insurance is that it’s only for sickness. While you do need to have specific coverage for things like medical expenses, that doesn’t mean you can’t take trips with a few extra dollars in your pocket. There are travel insurance policies that will take care of all the costs for you and you can sit back and relax.
Source: travel insurance is all about knowing your limits and spending wisely, nothing wrong with it.
Additional Resource: Our Comprehensive Guide to Travel Insurance
10 Questions to Ask Before Taking Out Travel Insurance
If you are seriously considering traveling overseas, you need to think about your travel insurance.
First, there are a lot of questions that you need to ask yourself about your trip and your plans. Have you got medical conditions or family issues?
Do you have a specific trip planned?
Are you carrying a lot of cash?
Do you have expensive items that you don’t want to lose?
Do you need insurance for your pets?
Once you know these answers, you can choose the best travel insurance plan to cover all your costs and keep your costs down.
It’s often not so easy to find a good travel insurance plan online or over the phone, but if you do, you can take back some control of your trips.
Hopefully these 10 questions can help you decide what travel insurance you need and get it sorted.
Travel Insurance Comparison Calculator: Choose a Plan
All Travel Insurance Plans in Canada
There are a lot of travel insurance companies in Canada, and a lot of them offer really competitive travel insurance policies. However, if you need to travel outside the country, there are different travel insurance companies and products available.
When traveling, it is very important to get a good insurance plan. In this post, we have separated the big three from the rest of the crowd to make it easier for you. These are the types of travel insurance plans you will see advertised when you search for travel insurance, usually on travel websites or cruise/sailing sites.
These are the big names in travel insurance, the type of travel insurance you’ll get if you decide to book with them.
TransCanada – The oldest and largest travel insurance company in Canada. They have been offering travel insurance for over 80 years, so it’s no wonder that they are still standing.
Luna – A family owned company that’s offering travel insurance for nearly 50 years. They have a lot of experience in travel insurance and offer a broad selection of travel insurance policies.
Travel Insurance Worldwide – Travel Insurance Worldwide (TWW) is a recognized leader in the travel insurance market. They offer travel insurance policies for a wide variety of countries including Canada, the United States, and other countries in North and South America.
World Nomads – A small family run company that’s providing travel insurance for over 15 years. They have an emphasis on the customers and the service they provide.
If you’re looking for low-cost travel insurance, you should choose one of the travel companies listed below.
Canadago – A travel insurance company that specializes in high quality, affordable travel insurance. Their products and services are designed to meet the requirements of high net worth individuals as well as business owners. They also have partnerships with travel agencies that work with a lot of high net worth clients.
Impact Travel – Impact Travel specializes in travel insurance for family and high net worth individuals. They specialize in customized travel insurance plans for short term, long term, and worldwide travel needs.
Find out more about travel insurance and travel insurance for seniors and families, if you’re traveling with someone over 65 years old.
Canadago Price Comparison Tool
When it comes to travel insurance, you should always get the lowest travel insurance policy you can. Sometimes it can be difficult to determine how much travel insurance will cost.
This is where the Canadago Price Comparison Tool comes in. It will compare travel insurance policies from different companies based on how much they are offering on travel insurance.
Also, the company will show you a screenshot of the average cost for all travel insurance products in Canada.
Canadago Insurance Claims Calculator
If you have any insurance questions related to travel insurance, this is where you can check out how much insurance your travel insurance policy will pay out in case of an accident or a medical emergency.
Using the Canadago Insurance Claims Calculator, you can find out how much an accident or a medical emergency would cost in order to get your travel insurance covered.
It also gives you the estimated costs for your treatment expenses. The tool allows you to see how much money your insurance policy will pay out for emergency treatment expenses.
Canadago Insurance Policies and their Coverage
Travel insurance is designed to cover accidental and unforeseen events. If you buy a travel insurance policy, it will cover your travel expenses should you have to leave your country and you get sick. The good thing about travel insurance is that it’s also a health insurance product, so if you need to visit a hospital and your insurance coverage is exhausted, your travel insurance policy will be able to pay for the medical expenses.
These are the typical types of travel insurance policies:
Vacation cancellation insurance (VCO)
Loss of use insurance
Fraud liability insurance
Currency theft insurance
Travel insurance is one of the most important travel decisions you will make because it will protect your money. Before you choose the right travel insurance, make sure to read some of the recommendations from travel insurance experts and travel insurance companies, to make sure that you’re choosing the best travel insurance for your needs.