When purchasing travel insurance packages, the most asked question to Canadians is, “What kind of travel insurance do I need?”
This is a good question because there are many types of travel insurance. It can seem a bit difficult to select them all.
This article describes the main types of plans in Canada and what type of insurance is best for the people of Canada.
If you plan to travel once within a certain year then a single travel policy will suit your needs. This is the most common type of scheme. Some travel policies only cover individuals for a person’s journey away from home.
If you travel frequently every year, it may be worth taking out multi-trip travel insurance. Multi-trip coverage provides insurance for countless trips a year. Multi-trip plans often have limitations around the duration of the trip you take. Travel limits of 15 days or one month are common. But some companies allow you to take 60 days per trip.
If you want multi-trip coverage, then take a look at the plan benefits offered by credit card companies. One of the charging cards in your bag may also be able to provide protection!
The cover may include the cardholder’s spouse and younger people. Maybe a good strategy to reduce the cost of travel insurance. Be sure to study insurance and coverage carefully so that you know exactly what you are getting.
If you want full coverage then a comprehensive plan can be effective for you. All-inclusive insurance usually includes emergency medical care, cancellation and travel disruption, baggage insurance, and health insurance. Many all-inclusive insurances provide higher limits for emergency medical coverage.
The main drawback of the most inclusive policy is money. You often pay more than double the total cost of an itinerary for all-inclusive travel insurance.
If you want to pay attention to how much you want to spend, consider getting a simple itinerary, and choosing an additional trip cancellation plan. This can help you save a lot of money.
Tip! Call your home insurance company briefly to see if they provide goods or personal property insurance.