What’s in a Standard Canadian Travel Insurance Package? A Breakdown of Each Coverage Item

1. Travel Insurance – Your Financial Shield When Traveling Abroad

International travel always carries risks: from illness and accidents to lost luggage or flight cancellations. A standard Canadian travel insurance plan not only gives you peace of mind but also protects your finances from unexpected expenses.
However, not everyone fully understands what this insurance covers. Below is a detailed breakdown of the most common coverage items found in most Canadian travel insurance policies.

2. Emergency Medical Coverage – Protection for Urgent Medical Expenses

This is the core benefit of any travel insurance plan.

Coverage: Pays for medical consultations, treatments, surgeries, or hospital stays due to illness or accidents occurring during your trip.

Why it matters: In many countries, medical expenses for travelers can be several times higher than in Canada. This benefit ensures you won’t have to pay tens of thousands of dollars out of pocket.

Note: Some plans have payout limits (e.g., CAD 5 million), so check carefully before purchasing.

3. Trip Cancellation & Interruption – Protection When Your Trip Is Cancelled or Disrupted

No one wants to cancel or change travel plans, but unavoidable reasons—such as illness, natural disasters, or urgent family matters—can force you to.

• Trip Cancellation: Reimburses deposits or airfare if you must cancel before departure.

• Trip Interruption: Covers the unused portion of your trip and additional costs to return to Canada or continue your journey.

4. Lost, Stolen or Delayed Baggage

Protection for personal belongings: Compensation for the value of luggage and personal items if they are lost, damaged, or stolen.

Baggage Delay: Covers the cost of purchasing essential items if your luggage is delayed for several hours.

Tip: Always keep receipts for replacement purchases to support your claim.

5. Accidental Death & Dismemberment – Benefits for Fatal or Severe Injuries

Support for beneficiaries: Pays out the insured amount to family members or designated beneficiaries if the insured dies due to an accident while traveling.

Severe injury benefits: Provides compensation for permanent disabilities such as loss of limbs or eyesight.

6. Extra Benefits – Noteworthy Additional Coverage

Some Canadian travel insurance packages also include:

• Emergency Evacuation: Covers the cost of emergency medical evacuation back to Canada or to a better-equipped facility.

• Return of Remains: Pays for the transportation of remains in the event of death abroad.

• 24/7 Travel Assistance: Multilingual emergency hotline available around the clock to handle urgent situations.

7. Conclusion – Choose the Right Travel Insurance and Travel Worry-Free

A standard Canadian travel insurance policy is not just a requirement for certain visas—it’s your ticket to peace of mind throughout your trip. When choosing your policy, remember to:

• Read the terms, limits, and exclusions carefully.

• Select coverage levels appropriate for your destination and length of stay.

• Prioritize reputable providers with global emergency assistance.

TikiWealth’s recommendation: Don’t let risks ruin your trip. Prepare well so that every journey becomes a memorable one.