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Travel Insurance

Your trip should create memories. Not a medical bill you spend years paying off.

Travel insurance can help protect you from unexpected medical expenses and other eligible travel losses when you're away from home — so one emergency doesn't become a financial emergency too.

Coverage, exclusions, pre-existing-condition rules, benefit limits and eligibility vary by policy.
Canadian family travelling with travel insurance
Your health card doesn't become worldwide health coverage when you cross the border. Provincial plans may only reimburse part of eligible emergency costs outside Canada.
Before You Leave Canada

You may have provincial health coverage. That doesn't mean every bill abroad is covered.

Your provincial or territorial health plan may cover some emergency medical costs while you're outside Canada.

But reimbursement may be based on what the same treatment would have cost at home — not what the foreign hospital actually charges.

Travel insurance is designed to help protect against that gap.

Unexpected emergency medical expenses Hospital, physician and other eligible emergency costs may be covered.
Medical transportation Some plans include emergency evacuation or transportation when medically necessary.
Travel assistance Many policies provide access to emergency assistance while you are away.
Quick Answer

What is travel insurance?

Travel insurance is designed to help protect travellers against eligible financial losses that occur while travelling.

Depending on the policy, coverage may include emergency medical expenses, trip cancellation or interruption, baggage, medical transportation and other travel-assistance benefits.

Travel medical coverage is particularly important when travelling outside Canada because provincial or territorial health coverage may reimburse only part of the cost of treatment abroad.

Emergency Medical Trip Cancellation Trip Interruption Baggage Medical Transportation
Why Provincial Coverage May Not Be Enough

A $30,000 hospital bill abroad doesn't necessarily become a $30,000 provincial claim.

When Canadians receive emergency medical treatment outside the country, provincial or territorial health plans may reimburse some eligible costs.

However, reimbursement can be limited to what the province would normally pay for similar treatment in Canada.

If the foreign provider charges substantially more, the traveller may be responsible for the difference.

Think of travel medical coverage as filling a potential gap
Actual reimbursement depends on your province and the medical expense.
01
Emergency happens abroad You require eligible emergency hospital or physician care.
02
The foreign cost may be much higher Hospitals outside Canada may charge substantially more than Canadian reimbursement levels.
03
Travel insurance may cover eligible remaining costs Subject to the policy limits, exclusions and claim requirements.
Travel Insurance Isn't One Single Coverage

What are you trying to protect — your health, your trip cost, or both?

Different travel plans protect against different financial risks.

01

Emergency Medical

Helps cover eligible medical expenses resulting from an unexpected emergency while travelling.

02

Trip Cancellation

May reimburse eligible prepaid, non-refundable trip costs when a covered event prevents you from travelling.

03

Trip Interruption

Can help with eligible costs when a covered event forces you to return home early or alters a trip already underway.

04

Baggage & Other Benefits

Some plans provide eligible benefits for lost or delayed baggage and other specified travel-related losses.

Emergency Medical Coverage

A medical emergency abroad can involve more than the hospital bill.

Depending on the policy and medical circumstances, travel medical insurance may provide benefits beyond emergency physician and hospital care.

Medical Care

Hospital & physician expenses

Eligible emergency medical treatment can include hospital and physician services subject to the terms of the policy.

Transportation

Medical evacuation or transportation

Some policies may arrange transportation to an appropriate medical facility or back to Canada when medically necessary.

Assistance

Help navigating an emergency

Assistance services may help coordinate medical care, provider communication or eligible emergency arrangements.

Pre-Existing Medical Conditions

Having a health condition doesn't always mean you can't get travel insurance.

But this is one area where the wording of the policy matters enormously.

Some travel insurance plans can cover eligible pre-existing conditions if they meet the insurer's stability requirements before departure.

Age, condition, medication changes, recent treatment and the specific policy can all affect eligibility.

Things we want to understand before choosing a plan
Has the condition been stable? Policies may apply a specific stability period before departure.
Have medications recently changed? A medication change can matter depending on how the policy defines stability.
Has there been recent treatment or testing? Recent medical attention can affect eligibility or exclusions.
Does the policy exclude the condition? Never assume a condition is covered simply because the application was accepted.
The actual definition of a “stable” medical condition varies by insurer and policy. Read the contract before travelling.
Couple protecting prepaid vacation costs with trip cancellation insurance
The more money you pay before the trip, the more there may be to lose if you can't go. Trip cancellation protects a different risk than emergency medical insurance.
Trip Cancellation & Interruption

What if the emergency happens before you even board the plane?

Flights, resorts, cruises and tours may require significant non-refundable payments in advance.

Trip cancellation insurance may reimburse eligible prepaid costs when you cannot travel because of a covered reason.

Trip interruption coverage addresses certain covered events after the trip has already started.

Cancellation before departure Eligible prepaid non-refundable costs may be protected for covered reasons.
Interruption after departure Coverage may help with eligible losses and transportation when a covered event changes the trip.
Covered reasons matter Not every reason for cancelling or changing a trip is insured.
“My Credit Card Already Has Travel Insurance”

It might. Read what it actually covers before relying on it.

Many credit cards include useful travel benefits.

But coverage can depend on the card, how the trip was purchased, traveller age, trip length and the particular benefit.

Before purchasing additional insurance, review what you already have and identify the gaps.

Emergency medical maximum What is the actual dollar limit, and how many travel days are covered?
Age limitations Benefits can change or end at certain ages depending on the card.
Trip cancellation / interruption Confirm the maximum benefit and which prepaid costs qualify.
Pre-existing medical conditions Understand the applicable stability and exclusion wording.
How the trip must be purchased Certain card benefits can depend on using the card to pay for the trip.
Canadian snowbird couple reviewing travel insurance
Longer trips make the details more important. Age, health history, duration and destination can all affect coverage.
Seniors & Snowbirds

The longer you're away, the more carefully the policy should be reviewed.

Travellers spending weeks or months outside Canada can have different insurance needs than someone taking a short vacation.

Age, medical history, stability periods, trip duration and provincial health-plan eligibility can all become important.

This is especially true when existing medical conditions or recent medication changes are involved.

If Something Happens While You're Away

Buying the policy is step one. Knowing what to do during an emergency matters too.

Your policy documents should travel with you.

01

Seek emergency care

Your immediate health and safety come first.

02

Contact the assistance provider

Notify the insurer or assistance service as soon as reasonably possible.

03

Follow policy requirements

Certain services or expenses may require coordination or approval.

04

Keep documentation

Keep receipts, medical documentation and other records required for the claim.

MK Financials advisor helping clients compare travel insurance
How We Help

Don't buy travel insurance only by looking at the price.

Two policies can both say “$5 million emergency medical” while having different rules underneath the headline.

We look at your age, destination, trip length, existing medical conditions and what coverage you may already have — then help you understand the options.

Review your health history. Pre-existing-condition wording can be one of the most important parts of the policy.
Review coverage you already have. Employer and credit-card plans may reduce the additional coverage needed.
Match coverage to the trip. A weekend across the border and a three-month winter stay are different risks.
Explain the exclusions. Understanding what isn't covered is part of understanding what you're buying.
Travel Insurance FAQs

Questions travellers usually ask before leaving home.

Travel insurance becomes much easier to compare when you separate medical coverage from trip protection.

The Government of Canada recommends obtaining private travel health insurance before travelling outside Canada. Provincial and territorial health plans may cover only part of eligible emergency costs incurred abroad.
Provincial or territorial plans may reimburse some eligible emergency health costs outside Canada, but coverage can be limited. Travellers may be responsible for amounts above what their home province would normally pay.
It depends on the policy. Some plans may cover eligible pre-existing conditions when the condition meets a required stability period before departure. Definitions and exclusions vary significantly.
Depending on the policy, eligible emergency benefits may include hospital and physician care, certain diagnostic services, medication, medical transportation and emergency assistance. Coverage limits and exclusions vary.
Trip cancellation insurance may reimburse eligible prepaid, non-refundable travel expenses if a covered event prevents you from taking the trip. Only reasons specified by the contract are covered.
Trip interruption insurance can help with eligible losses and additional travel costs when a covered event disrupts a trip after departure.
You may already have useful coverage. Review the medical maximum, trip length, age limits, cancellation coverage, pre-existing-condition wording and any requirement to purchase the trip using the card. Additional coverage may only be needed if gaps remain.
It can. Travel advisories and known events may affect eligibility for certain benefits or create exclusions depending on the policy and when the advisory or event arose. Check the contract and current Government of Canada travel advice before departure.
Yes. Travel insurance is available for seniors, although age, trip duration, health history and medical stability can affect eligibility, premiums and the available coverage.
Emergency medical coverage should generally be arranged before you leave. If you want trip cancellation protection, buying coverage soon after booking can be important because events that become known before coverage is purchased may not be insured.
Travel Insurance Disclosure

Coverage is subject to eligibility, policy limits, exclusions, definitions and claim requirements. Pre-existing medical conditions may be excluded or subject to stability requirements. Benefits vary by insurer and plan. Travel advisories, destinations, trip duration, age and medical history may affect eligibility or coverage. Policy wording governs in all cases.

Pack the Coverage Before You Pack the Bags

You can't plan every travel emergency. You can plan how much of the financial risk you keep.

Tell us where you're going, how long you'll be away, your age and any health concerns that may matter. We'll help you understand the travel insurance options before you leave.

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