Whether it is a summer camping trip with your family, a winter getaway to a sun destination or an adventure tour to an exotic locale be sure you have travel insurance to protect the holiday plan you are so looking forward to.
Canadians are lucky; we have a health care system that is envied around the world. We must take care to remember that our health care will not cover many of the costs we could encounter when we leave Canada. In fact, most provincial health plans will only cover about 10% of medical costs outside of Canada. The average cost of an overnight stay in a U.S. hospital is $3,500 and the costs of prescription drugs in the U.S are among the highest in the world. It is essential that we ensure that we have sufficient insurance to protect our loved ones and our financial security.
Cost of Medical Emergencies:
- 49 year old female with Pneumonia in USA - $65,900
- 29 year old male with decompression sickness in Thailand - $40,700
- 55 year old male suffered a heart attack in USA - $310,000
- 1 year old child with gastrointestinal illness – USA $29,000
- 55 year old male from BC with burst appendix in Quebec - $4,068
Actual claims adjudicated by One World Assist, statistics provided by Travel Underwriters.
Types of Policies
Emergency medical insurance is the most common travel insurance product purchased.
There are many different plans and options available to suit your unique travel plans. If you travel more than twice a year you may want to consider an annual plan. If you are planning your one annual vacation you will likely only need a single trip policy. There are options available that can cover your pre-existing conditions, return of your pet and even high risk sporting activities that are often not covered by standard policies.
Family plans are available with the CAA Saskatchewan plans.
Travel Within Canada is a good option for travelers that prefer to see our vast land and don’t leave Canada on their vacation. You could still find yourself paying out of pocket if you have an emergency outside of your home province but within Canada.
In Canada travel insurance will pay for things like ambulance fees, emergency dental expenses and the cost to return your vehicle home if you can’t drive due to your medical condition.
In Canada travel insurance is very affordable and an excellent option.
Other options to consider are trip cancellation and interruption insurance, which covers non-refundable pre paid expenses in the event your travel plans are interrupted or cancelled.
Baggage insurance will protect you in the event your bags were to get lost or stolen.