Get the travel insurance you need, at great rates, with claims service you can count on. It’s easier than you may think.
When travelling abroad, it is important to have the proper coverage in case an accident or unexpected illness occurs. Travel insurance and health insurance are two different types of coverage and it is important to understand their differences so that you can make an informed decision regarding what type of policy is right for you.
What is Travel Insurance?
Travel insurance protects against the potential issues which can frequently occur while travelling. This includes compensation for lost luggage, valuables which may be stolen while on vacation and expenses incurred from travel delays. Some examples of how a travel insurance policy would cover you are:
Non-refundable flight is canceled – your insurance policy would reimburse you for the cost of the ticket.
Lost or delayed baggage – reimbursement for purchasing necessary toiletries and clothing.
Valuables – if your camera or another valuable item was damaged while in transit from rough handling at an airport, your insurance would help cover the cost..
Although health and travel insurance are different, many travel insurance policies provide a number of medical benefits. In addition to the standard coverage like lost baggage or travel delays, some travel policies may include coverage for prescriptions, emergency hospital treatment, and outpatient care.
The most important features to look for in a travel insurance policy are:
- Coverage for lost or stolen luggage
- Trip cancellation coverage (before departing)
- Trip interruption coverage (after departure)
- Coverage for travel delays
What is Health Insurance?
Health insurance is common for frequent travelers and expats. This type of coverage is similar to a regular insurance policy with a range of deductibles for medical services. Health insurance covers medical expenses, both at home and abroad.
The most important features to look for in an international health insurance policy are:
- 24/7 customer service
- International network of health care providers
- Offers a range of deductible options
- Coverage for intensive care treatment
- Coverage for ambulance fees
- Coverage for hospital room stays
- Emergency medical evacuation
- Repatriation of remains benefit
- Burial or cremation benefit
Is Medical Insurance and Health Insurance the Same Thing?
Although some insurance carriers may refer to their policy as medical insurance and others health insurance, they are both the same. As the cost of healthcare services outside Canada may be significantly higher, it is strongly recommended that travellers protect themselves with the proper coverage that they need.
At Bow Valley Insurance, we can help find the policy that is right for you. Whether you are travelling abroad for 2 weeks and need travel insurance for a set period of time, or require an on-going annual travel policy, we will shop for the best coverage at the lowest possible rate. Our insurance advisors will show you a number of rate comparisons and explain the different coverage options so that you can make an informed decision. We will also advise you of any possible discounts that you may qualify for that may lower your rate.
To get a free, no-obligation travel insurance quote with one of our knowledgeable insurance specialists, contact us today.