With the recent Blue Monday has passed and most Canadians are dreaming of escaping to a warmer destination to replenish their depleted Vitamin D reserves. Perhaps a winter vacation to a sun destination is wise as recent health reports link Vitamin D with longer life. So, while you are gaining health units from the sun, make sure you protect yourself with more than sunblock in case of a medical emergency.
Travel Insurance Tip #1 - Buy Travel Medical Insurance
Travel medical insurance will protect you from unforeseen medical expenses that arise from accident or sickness while away from Canada. Your Provincial health plan has very limited coverage while out of province. Without travel medical insurance you will will be responsible to pay for any medical treatment received while out of Canada.
Purchasing a good travel medical insurance plan will ensure that you will have any unforeseen medical expenses covered while enjoying your vacation.
Travel Insurance Tip #2 - Consider All Inclusive Travel Insurance
Medical travel insurance is very important but does not cover all the financial risks while you are on vacation. Lost or stolen baggage, missed connections, family emergencies, and rental car collisions are some of the many financial risks that you may encounter. For the best coverage you should purchase all-inclusive travel insurance.
All inclusive travel insurance packages medical insurance with trip cancellation insurance, trip interruption insurance, baggage insurance, and accidental death insurance. Like you cable company, you will save money by purchasing the coverage in a bundled plan rather than buying the coverage separately.
Travel Insurance Tip #3 - Annual Travel Insurance
Annual travel insurance protects you for unlimited number of individual trips (up to the maximum number of days purchased) for an entire year. Annual travel insurance is ideal for Canadians who plan to travel several times in the subsequent 12 month period. The price of an annual plan is usually about 2.5 times the cost of a single trip plan. So if you plan to travel 3 or more time in the next twelve months an annual travel insurance policy will be your best value.
Travel Insurance Tip #4 - Compare Before You Buy
Not all travel insurance policies are equal. Travel insurance rates are based on the applicants age, trip length, destination, and other factors. The best (and cheapest) plan for you next door neighbor may be the worst (and most expensive) for you. Take advantage of free travel insurance reports.
Now you are protected against financial emergencies, don't forget your sunblock, hat and a great book to enjoy on your sun filled vacation.
Ron Froh is the founder of OIQ Insurance Solutions Inc.. A 15 year veteran as a Canadian financial advisor, now focusing on delivering travel insurance Canada online to the Canadian consumer. TravelInsuranceQuotes.ca has been developed to aid Canadian consumers to research, compare and purchase Canadian Travel Insurance online. Additionally, TravelInsuranceQuotes.ca offers visitors travel insurance, for travelers visiting Canada.
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