Vacation is what you do to take a break relax and enjoy yourself. It’s not where things are supposed to go wrong. Unfortunately sometimes your vacation can be affected by bad things like losing your job injury or illness stolen luggage and grounded planes. Travel insurance gets you the help you need and reimburses you for those sudden unexpected issues.
Here are 5 situations where travel insurance would benefit you:
Below we break down exactly how travel insurance would help in each scenario.
You Need to Cancel Your Trip
No one wants to cancel their vacations. But there are many reasons you may need to cancel your trip at the last minute. Travel insurance will help you get reimbursement for booked transportation accommodation and activities. While not every reason is covered many unforeseen and unexpected situations are such as:
- Sudden loss of job
- New travel advisory for your destination
- Natural disasters
- Unexpected injury or illness to you or your travel mates
- Denied a travel visa
Keep in mind that travel insurance companies won’t cover anything that you know about before you book your trip. That also includes travel advisories listed on theCanadian Government’s travel advice and advisoriespage.
You Get Sick or Injured During Your Trip
Without a doubt travel medical insurance is the most valuable part of your travel insurance package. Getting sick or injured while you’re travelling is pretty scary – and it can be expensive. Travel medical insurance covers the costs of getting you treated and helps you navigate foreign medical care. It may also foot the bill to get you home if necessary.
Pre-existing conditions are not generally covered as this coverage is for sudden or unexpected illness or injury only. There are some exceptions however particularly if an illness has been in remission. Travel medical insurance does not cover any medical tourism.
Your Baggage Was Stolen or Lost
Whether an airline loses your baggage or your bag is stolen from you off the street travel insurance will help reimburse you for what you lost. If your luggage is delayed for a certain time period travel insurance will also pay for the basic essentials while you wait.
You Need to Get Home Urgently
Sometimes you need to cut your vacation short due to an emergency. Travel insurance will help cover the costs to get you home. Situations include if you get seriously injured or sick while you travel there is a death in your immediate family or there is a new evacuation order or travel advisory.
You Need to Adjust Travel Plans
With thegrounding of Boeing 737-Max 8sand thesudden shutdown of Wow Airleft thousands stranded. Travel insurance would be able to help cover accommodation meals and transport in those situations. It will also help cover costs due to other transport delays or required rescheduling either refunding prepaid reservations or booking new ones.
Remember that travel insurance is used for sudden and unexpected scenarios affecting the trips you’ve already booked. Make sure to keep copies of all of your receipts and booking information . You’ll also want to check for travel advisories and medical issues before you book. Yourbroker can help youunderstand how travel insurance works and find the best policy for your needs.
