Personal Insurance Advice: Advice, Tips & Answers

Travel Insurance

Pack it whenever you leave home...

When you're travelling, even a minor accident or sickness can become a major expense. What's more, any number of things can happen to disrupt even the most well planned trip. The good news is that travel insurance is affordable, easy to purchase and can protect you both medically and financially.

Protect your health and financial security against emergency medical situations.

Anytime you leave Canada—even for a few hours—without travel medical insurance, you are taking a risk.

As an example, consider the following average costs for treatment in Florida⁽¹⁾. Without supplemental travel medical insurance, you could be responsible for up to 90% of these costs⁽²⁾:

• $179,000 (CDN): Head injury from a fall
• $194,000 (CDN): Cardiac case for a 13-day admission with bypass

In addition to protecting you financially, travel medical insurance can help ensure that you receive the best possible medical care by managing all the important details during an emergency.

Protect your investment against trip cancellation or interruption.

Cancelling a trip prior to departure can be very expensive as most trips are non-refundable, especially if you cancel at the last minute. Having to return home early from a trip can also be quite costly. But sometimes, you don't have a choice—an illness or emergency back home can happen at any time.

To help cover expenses arising from these types of situations and more, include trip cancellation and interruption insurance in your coverage.

Protect your personal effects against damage or loss.

If you lose your luggage or personal effects such as a passport, or your belongings are damaged during your trip, you'll want to replace these items as soon as possible.

For help covering the replacement costs, your coverage should include baggage and personal effects insurance.

Ready to learn more?

Visit our Travel Insurance site to explore your coverage options.

^†Also available for the spouse, child, or adopted child of the client. You must also be a Canadian resident and be covered by a government health insurance plan for the entire duration of your trip.

RBC Financial Group clients include customers of: RBC Royal Bank, RBC Insurance^®, RBC Direct Investing™, RBC Dominion Securities and RBC Investments.

1) What You Need to Know About Out-of-Province Emergency Travel Insurance, RBC Insurance, June 9, 2005.

2) Travel Insurance: Ensure you have the protection you need before you leave, RBC Insurance, 2005.

3) Your natural and adopted children and stepchildren can all be included in family coverage as long as they are unmarried and under the age of 21; are over 20 years of age and have a mental or physical handicap; or are under 26 years of age and are full time students.