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The travel insurance question

Have you ever said no to travel insurance? There are reasons for saying “yes” the next time you are planning a trip. Before you decide, look carefully at what coverage you really have and compare it to what you actually may need.

“I have coverage on my credit card.”

  • Credit card coverage is typically a different product than travel insurance.
  • Many credit card issuers offer travel accident benefits but with lower coverage limits.
  • Credit card coverage may stop at certain ages (for example, age 65).
  • Your credit card might not cover your spouse or dependents.
  • Your credit card might not cover the cost of your trip if you have to return earlier or later than scheduled.
  • Your credit card might not cover you for the entire trip length.

“I have coverage through my employer.”

  • Many employer plans may have exclusions that could limit coverage amounts.
  • These plans don’t always offer optional plans such as trip cancellation and interruption, baggage or flight accident coverage.

“I never travel overseas or outside of Canada and even if I did, my government plan will cover me.”

  • Canadian healthcare plans only provide about $75 to $200 for medical expenses you incur outside of Canada.
  • Your government health plan will not cover the cost of having a family member flown to your bedside if you are hospitalized.
  • Your government health plan will not cover the cost of returning your vehicle or an air ambulance if you need one.

“I’m only going to be sitting on the beach while I'm away.”

  • Travel emergencies can happen at any time during your trip—even while swimming at the pool, sightseeing or souvenir shopping.
  • More travellers than ever are experiencing flight delays, lost or delayed luggage and unexpected weather, which could trip up your trip.

“I don’t have room in my budget for travel insurance.”

  • Travel insurance can be more affordable than the alternative.
  • Consider how much it could cost you if you have an accident or become sick and need hospital treatment:
    • US hospital stay: approximately $8,500 USD/day
    • Canadian hospital stay: approximately $3,000 CAD/day

Before you consider skipping travel medical insurance for your next getaway, double check your needs and your finances. Then decide what's affordable for you.

Travel insurance offered at Servus is provided by the CUMIS Travel Insurance Program, which is administered by TIC Travel Insurance Coordinators Ltd. and underwritten by Co-operators Life Insurance Company. CUMIS® is a trademark of CUMIS Insurance Society Inc. and is used under licence. The CUMIS Travel Insurance Program is subject to provincial insurance rules and licensing requirements.

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