Top 3 Reasons Why you Need Travel Insurance
Many Canadians Still Travel Without Coverage
To get travel insurance, or not to get travel insurance? This is a common question that Canadians battle with every time they plan a vacation outside of the country.
Is it really worth the extra money? Am I actually going to use the coverage? What are the odds of something actually happening when we go on vacation? People use these questions to rationalize a reason not to get coverage. For some, it’s about not wanting to spend the extra money, but for others it’s about not wanting to go through the hassle of getting travel insurance – Both misconceptions which are not true.
Top 3 Reasons Why you Need Travel Insurance
Here are the top three reasons why you need to get travel insurance for your next trip:
1. Peace of mind
The simple fact that you know you have travel insurance coverage will give you the peace of mind in knowing that you are covered if something happens. This allows you to focus on what is most important on your trip – Relaxing and having fun!
2. Protection against the unexpected
You never know what can happen when you travel, especially when you are travelling to unfamiliar locations. From lost luggage, to travel delays, unforeseen medical issues and injuries, there is no shortage of things that can happen. When you have travel insurance, you have the comfort of knowing that you are protected.
3. Concern over financial loss
One of the most important things that travel insurance offers is protection against financial loss. Sometimes life gets in the way of your travel plans and forces you to unexpectantly cancel or change your travel plans.Travel insuranceallows you to do so without penalty to you. It covers you if your baggage is lost and for trip interruption and emergency evacuation if issues arise while you are on vacation.
Even though the benefits of travel insurance are well documented, many Canadians still opt to travel without travel insurance coverage, leaving them potentially exposed to financial risk if something were to occur while they were away. Considering the price and ease to getting travel insurance, it just makes sense to get coverage before you leave for your next trip.
Do you get travel insurance when booking trips? Why? Why not?