Travel insurance is purchased as a hedge against costs not covered by your current insurance policies, or by the Régie de l’ assurance maladie du Québec (RAMQ) in the event of a health problem.
The types of protection offered by different travel insurance policies differ from one insurer to another.
Most policies will typically cover the following risks:
Travel insurance is particularly important when it comes to healthcare, as the bills can add up quickly, depending on the location you are visiting and the severity of your condition.
It is important to note that the Régie de l’ assurance maladie du Québec reimburses only amounts equivalent to what would be paid in Quebec.
For example, if you have an auto accident in the United States, the cost of your medical expenses could conceivably far exceed the amount reimbursed by RAMQ.
If you are renting a car abroad, it’s likely that your current auto insurance policy offers little or no protection. Additionally, car rental insurance is not usually included in travel insurance policies.
Many group insurance plans offer travel insurance coverage. Check with your employer and always ensure that your coverage is sufficient.
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