Envision Financial

Quick Guide to Travel Insurance Coverage

Whenever you travel, be it out of country or just out of province, getting travel insurance needs to be at the top of your list.

For some people, that means overcoming a set of mistaken assumptions.

It is important to note that travel insurance policies are not generic. They have varying levels of coverage and exclusions, so before you head out on that trip, make sure you shop around and be careful you’re not comparing apples to oranges.

Take the time to read your travel insurance policy and make sure you understand the coverage that’s offered as well as the limitations and exclusions.

Don’t be overwhelmed by your travel insurance policy. There are five key areas to focus on to ensure you’re purchasing adequate coverage whenever you’re looking at travel insurance.

Understand pre-existing condition exclusions for travel insurance

Find out how a pre-existing condition is defined and whether or not it’s excluded from the policy you’re purchasing.

Many people don’t realize that any medical condition you currently have, or have had, needs to be declared to your insurance broker to ensure you have the appropriate coverage.

Don’t skimp out on disclosing your history because you think something might not be relevant, or important or none of the insurer’s business. You want to make sure you are adequately covered for your needs.

Find out how travel insurance claims are paid

Is the insurance company going to be billed directly for any claims or are you expected to pay the expenses out of pocket and be reimbursed?

A lot of travel insurance policies have an emergency assistance team that you can call in case of a serious (and more expensive) emergency, but for most situations you need to pay up front and claim reimbursement later.

Being reimbursed later might sound okay, but will you have access to sufficient funds in the case of an emergency?

Check out the medical costs involved in these travel insurance stories.

Know what you’re covered for

In addition to confirming the monetary amount of your coverage and the deductible, you need to understand your coverage for items such as dental, emergency transportation and professional fees.

These specific areas are often overlooked when comparing travel insurance policies.

Ask about policy exclusions

Each policy is unique and so is the list of exclusions. Not all travel insurance providers cover sport activities.

Do you plan on participating in any excursions or high risk activities such as bungee jumping or scuba diving? If so, you should confirm you will be covered for such activities.

Research insurance plan types and think ahead

Investigate the variety of plans available.

If you’re planning several trips, you may be able to purchase a multi-trip policy to provide coverage for all of your trips for not much more than the cost of a single-trip policy.

Wrap up

If you’re going to travel, make getting travel insurance a priority. It can be hard to know what to look for in the right policy to purchase travel insurance that’s right for you.

But by being honest about your history, being prepared for your trip and knowing what to look for in the different policies, you can be equipped to make the best decision to protect yourself and to make your next vacation your best vacation.

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We encourage you to visit an insurance expert at any of our locations for more information on how Envision Insurance can make things simple!


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