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Toronto Travel Insurance
Why it is Not Worth to Ignore it Even at Your Own Peril
Whether to buy travel insurance or not? It's one of the common questions that baffle many travelers alike.
Travel is becoming increasingly demanding and difficult these days and there are many factors that may severely impact your travel plans.
The best bet for you is to safeguard your holidays with trip insurance plan that gives you adequate protection for any major incident.
Just as you purchase insurance policies to cover you in the case of an accident, illness, or damaged/lost property in the course of your daily life, you should purchase travel insurance to protect yourself from all of these things that may occur away from home while you are traveling.
Travel insurance will also cover you in many circumstances that are travel specific. For instance, trip cancellation, flight delays due to bad weather or natural calamity, or any major changes in travel plans can happen unexpectedly after you have put down considerable amount of money on reservations that are not refundable without insurance coverage.
Trip insurance will protect you in all of these conditions and can save you tons of hard-earned money with numerous other events that can happen before or during your trip.
Top 10 Reasons Why Every Traveler Should Purchase Travel Insurance Plan
1. Trip Cancellation: You may have to abandon your travel plan due to unexpected illness to your spouse. Or your boss cancels your leaves due to abrupt restructure in the company or something goes wrong prior to your departure that forces you to cancel your trip. The trip cancellation plan will repay the pre-paid non-refundable amount. Some insurance plans now provide protection if you "cancel for any reason".
2. Travel Reschedule: Some unexpected conditions may compel you to change the dates of your travel at last minute, but for that you may have to pay an additional charge. The insurance plan will pay for this additional fee. So your plans might change, but not your travel expenses.
3. Health Emergency: If you fall ill or get injured in an accident while on vacation and you incur medical expenses. Your travel health insurance plan will pay for the staggering and astronomical medical expenses. You have to keep in mind that medical facilities are very expensive for non-residents in Canada.
4. Medical Evacuation: You're skiing at one of the ski resort near Toronto and you twist your knee very badly in an accident. The insurance company will reimburse for your airborne evacuation expenses.
5. Travel Delay: Hurricanes, volcanic ash clouds, severe weather or other natural calamities may result in major travel delays and cancellations. They just don't ruin your travel plan, but also give severe blow to your pocket for hotel accommodations, meals and alternate transportation arrangements. You will be fully reimbursed for the entire amount you invested in the travel arrangements.
6. Loss of Baggage: Your luggage is lost, stolen or damaged during travel. Even it might be delayed. It's very frequent phenomenon now with increasing airport clogging and escalating baggage volumes. With your travel insurance, you can recover the cost of your luggage.
7. Trip Interruption: Your loved one gets injured or becomes seriously sick back home and you must cut short your trip and return home. Unfortunately, it happens sometimes. The travel insurance will refund your otherwise non-refundable payments and deposits.
8. Replacement of Lost Documents: If your wallet and passport are lost or stolen during travel, some insurance policies will help you recover missing identification and other important documents, which is essential coverage if you travel to areas that can be overcrowded.
9. Sudden Bankruptcy: If your tour operator or airline company goes out of business prior to your trip, you will be covered in making substitute arrangements and paid back the non-refundable deposits.
10. Flight Cancellation: You arrive at the airport for your scheduled flight and notice the flashing announcement that your flight has been cancelled due to bad weather or a technical problem or even due to airline's crew strike. The expenses of alternate arrangements should be covered by most travel insurance policies.
Of course, the biggest benefit is the sense of security and peace of mind that comes with just right travel insurance :)
The best thing is that you don't have to dig deep into your pocket to pay for travel insurance. It costs you just fraction of your total travel expenses.
The benefits of travel insurance outweigh the costs involved with it by a great deal.
Buy a good travel insurance plan. Relax and enjoy your holidays...without losing sleep!
Believe me, it's not worth to risk!
How to Choose the Best Travel Insurance Plan
The question for many travelers is not whether travel insurance is needed, but how to choose the best insurance policy at a great price that meets their requirements. Picking a right insurance for your travel depends on various factors.
Travel insurance policies have broad array of terms, conditions and exclusions. Each policy will provide different coverage for different prices, so it's important to make sure you know what you are paying for.
For some travelers, selecting ideal insurance policy may be a great intricacy. Don't fret. Calm down. Follow the tips listed below and I hope you will be able to pick the type of travel insurance that is perfect for you.
1. Evaluate your existing insurance coverage
Check your national or provincial health care system, if any and find out whether it covers medical expenses while you are traveling abroad.
Next, review your current health and/or life insurance policies. Many insurance policies provide benefits while you are traveling within your province or country, but they do not cover if you are traveling abroad.
Some credit card providers also offer insurance coverage for various travel related incidents, so prepare a list of coverage that your credit cards provide to you. Also, make a note of maximum coverage amount for each event.
If you have any ambiguity or doubt, contact relevant authorities.
Make sure all the information is accurate and up to date.
2. Prepare a list of the 'must be included' coverage
When buying travel insurance there are certain 'must haves' to ensure that you are having adequate travel cover. After all, you don't want end up bying a low cost insurance that doesn't provide enough protection when it's most required.
There are several factors which determine the 'must be included' items you may need to feel safe and secure.
If you are traveling to country like US, Canada where medical services are very expensive, you should opt for comprehensive overseas travel health insurance that provides unlimited cover.
Consider to buy travel health insurance that provides protection against accidental injuries sustained through high risk sports if you are planning to do lots of adventurous activities like skiing, bungee jumping, ice skating, snowboarding etc.
Go for policy that gives ample coverage for loss of belongings if you are taking costly camera, handy-cam, laptop or other electronic gadget.
If you are going to place which is known for severe and unpredictable weather, you should consider trip cancellation or travel delay policy.
3. Know what you need and how much
This is really very simple. Check which of the 'must be included' items are already covered by your existing policies and credit cards. Determine whether the amount covered is enough or not for each item.
Once this is done, make a list of extra protection which is not included in your current policies. Also decide the coverage amount for each of the item in this list. This list will give you precise idea of what you should look for in the travel insurance policy you are going to buy.
You may buy single-trip or multiple-trip travel insurance based on your requirements. Some companies provide family and group insurance policies. You have to make sure that everyone you are traveling with will be covered as well (if you want them to be).
4. Research and select your plan
Explore various online resources, investigate several insurance providers and their offers. Try to understand the terminology and make sure you don't have any ambiguity.
Once you know what you are paying for and are confident that the policy meets your travel needs, do some research into company backgrounds and rate comparisons to make sure you are getting the best deal on your travel insurance. I suggest you to buy your trip insurance from well known and reliable insurance company.
Get written verification of your policy. Take a print-out of the policy from insurer's website or ask them to send it in post. Read the policy document carefully. Make sure to bring a copy of the policy with you on your trip as a proof.
Take a little step in right direction. And protect yourself, your loved ones and your investment.