Myth 2: Travel Insurance Is Only Necessary For Long Trips
A common misconception amongst travellers is that travel insurance policies are not needed for shorter trips. However, the length of the trip does not necessarily decrease the risk of a medical accident. Accidents can occur at any time, anywhere. Travelling without travel insurance can leave the traveller with no financial safety net in the case of a medical emergency. When it comes to travelling, it’s better to be safe than sorry. Investing in travel insurance regardless of the length of the trip is essential to always being financially protected.
Myth 3: Travel Insurance Is Only Important For Traveling Out Of Canada
Numerous Canadians assume that travel insurance is not required when travelling within Canada. For one, there is a common misconception that the Ontario Health Insurance Plan will cover all medical expenses when travelling within Canada. Yet, that is not always the case. Provincial health care can cover some of the medical expenses, however, any additional medical expenses that are above the limitations of your coverage are not included. Travel insurance can cover any additional medical expenses such as ambulance fees and medical services.
Myth 4: Ontario Health Insurance Plan Covers All Medical Expenses
OHIP coverage outside of Canada offers limited coverage for Ontarians and the Ontario government recommends purchasing private travel insurance to ensure you are fully covered. The limited coverage by OHIP can leave travellers with thousands of dollars in medical bills to pay. Travel insurance can provide the financial safety net for all medical emergencies that occur outside of Canada. This is particularly important for snowbirds and seniors. If a medical emergency occurred outside of Canada and required immediate medical assistance, the individual is fully covered by their insurance policy. With the Ontario government putting an end to out of country travel coverage, snowbirds without private travel insurance are at risk of paying pricey medical bills if a medical emergency were to occur.
Why You Need Travel Insurance
Travel insurance can offer you the financial protection necessary without breaking the bank. Whether you are travelling out of province or out of the country, investing in a travel insurance policy can save you thousands of dollars in medical bills should an accident occur. Even more, you can purchase the most suitable and affordable coverage for your trip so that you are fully covered in all cases. Visit our travel insurance page to discover all of our policies or speak to a trusted broker who can help you customize a travel insurance package for your trip!