| By Ron Froh
There are many different types of traveler
who requires travel insurance coverage. Many
people save all year to enjoy a vacation at
a beach destination or resort. Others, like
business people, travel frequently as their
lifestyle requires. The travel insurance industry
has recognized the variety of traveler. In doing
so, the Canadian travel insurance companies
have designed different type of insurance plan
to meet the needs of both types of traveler.
Travel insurance can be purchased with 2 types
of duration;
a single trip plan which only covers the days
that you are away, and
an annual plan that covered you for an unlimited
number of trips up to a maximum length of stay.
Single Trip Travel Insurance
Single Trip travel insurance coverage is designed
to cave the traveler for the exact number of
days that they plan to be away. Coverage can
be purchased for trip that last anywhere from
2 days to 182 days (212 days in Ontario). In
special situations where the traveler has arranged
to extend their provincial health coverage,
the trip length may be extended to 1 year. The
benefit of single trip coverage is that you
purchase only the number of days you are away.
This ensures you do not pay for days of coverage
that you do not require.
Coverage normally includes Emergency medical
insurance up to $5 million worth of major medical
expenses and hospital expenses. This usually
includes emergency medical evacuation, dental
accidents and other benefits. Comprehensive
or All-Inclusive coverage can also be purchased
in Single Trip plans. Comprehensive normally
plans bundle Baggage, Trip Cancellation/Interruption
and Accidental Death and Dismemberment coverage
along with the Emergency Medical coverage.
Annual or Multi-Trip Travel Insurance
The other type of travel medical insurance is
the annual or multi-trip travel insurance plan.
This plan is perfect for business owners, corporate
executives, and any other frequent traveler
who requires travel insurance coverage for multiple
trips within a year.
One of the key advantages of this type of plan
is that coverage is already in force when last
minute travel is required. This avoids the need
to scramble to buy travel insurance at the last
minute. Also, purchasing annual multi-trip insurance
is cheaper for frequent travelers. The cost
of an annual plan is normally the equivalent
cost of 2 single trip plans.
Annual travel insurance plans normally include
emergency medical coverage up to $5 million
during the life of the policy. The plan is purchased
to cover a set number of days for each trip.
Trip lengths can be purchased with periods from
4 days to 180 days of coverage. If your trip
happens to last beyond the maximum length allowed,
you may then buy a top up to cover the days
in excess of the number of days the annual plan
covers.
Whatever plan you may choose to purchase, be
sure to select the right one that suits your
needs best. Always be sure to carry the policy
of the insurance with you. Call us at 1-800-270-8058
or visit our website at travelinsurancequotes.ca
to quote and purchase your single trip or annual
travel insurance.
Ron Froh is the founder of of Travelinsurancequotes.ca,
the best travel insurance quotation system on
the web. Visit Travel Insurance Canada for you
free travel medical insurance quotation.
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