Travel insurance safeguards non-refundable trip expenses like hotels, rental cars or airline tickets and prevents you from losing the money you paid if something happens. There are different kinds of travel insurance for Canadians, so it is possible to find a plan and coverage that works best for you.
The type of travel insurance you buy will depend on your destination, arrangements and the personal needs of everyone on the trip. Three kinds of travel insurance plans are specialty, package and travel medical.
Travel insurance will generally cover the following:
You can also purchase coverage for identity theft or extra medical coverage for recreational activities like rock climbing or surfing. Some plans even include a phone number that you can call any day or time for help.
You should buy travel insurance when you start booking your trip and make the first deposit. The day that you make the first deposit is the initial trip deposit date, and you generally need to buy insurance within ten to fourteen days of that date. This ensures that the coverage will begin in time for your trip.
Whether you are staying in Canada or going abroad, Covenant Wealth Financial Services can provide you with a travel insurance quote and the perfect plan for your trip. To get started, call: 1−800−579−3950, email: [email protected] or submit the contact form.
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