If you're travelling outside of Canada in the next little while make sure you understand what you have for Emergency Travel Insurance. Just search the web and you will find some horror stories about travel insurance. Here are a couple of tips:
1.) Check your coverage. If you are depending on the coverage through your Credit Card or group plan at work read the fine print. There are limitations to this coverage, especially with the maximum days per trip you will be covered and how much coverage you have, especially after age 65.
2.) Make sure you have the Travel Card with you or the policy number along with the 1-800 number so that you can call your provider as soon as you may need medical help. Most providers of Travel Insurance will limit your coverage if you do not call them within 24-48 hours of a claim.
3.) If you are applying for Travel Insurance for a single trip or buying a multi-trip plan make sure you are covered for the actual days you will be away. And, answer the questions honestly and accurately.
Buy Your Manulife Travel Insurance Here
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If you don't qualify for travel insurance due to health issues you can still get coverage from the option below.
Medjet Assist Membership Program
4.) Don't travel without Emergency Travel Insurance - the costs of medical care outside of Canada is costly. Buying this insurance is a safer route to go and it will give you the peace of mind to enjoy your trip. I know of 2 people in the past few months who have made claims while in the US and the Manulife insurance covered them.
5.) Make sure you have the correct COVID 19 coverage. Manulife is one of the few providers that offer this specialized option to cover you if you test positive for COVID before or during your trip.
6.) Trip cancellation and interruption. Sometimes there is some protection offered through your credit card, but don't assume anything. Instead, buy a separate policy to protect your trip in case something happens and you can't go.
7.) Buy an annual plan that covers you for the next 12 months for multiple trips. This way you don't have to keep applying every time you are heading out of the country. Manulife also offers a Travel 80 plan that you can purchase pre-age 65. This plan guarantees coverage to you up to age 80 for multiple trips per year. No need to be complete questions every few months. It's a little expensive, but it does offer a 50% refund if you do not have any claims over a 10-year period. Here's the rate card.
If you need some assistance, contact us and we can help get the right coverage for you and your family.
Your Retirement Advisors,
Willis and Nancy Langford
587-755-0159
