Before retiring from the Canadian army, I never really
worried about travel insurance per say, as my leave pass would have covered me
in the rare event that medical attention outside of the country was ever
required. That said however, I still would have greatly benefited on several
occasions due to missed connections, lost luggage, and the cost of pre-paid
events that could not be recovered. But
hey, live and learn I guess! Fortunately enough for me though, I have never had
to pay more than I could bare losing.
In this week’s insurance tip post, I am attaching a few links,
one in particular of a previous CBC report, about a retired Canadian couple
that was not quite so lucky. I am sure I could write for a week about why you
absolutely need travel insurance these days, along with the million and one
things to be aware of when buying it! If I have to sum it up in this short post
though, I would say “Because the fix is in”, and has been for quite some time.
With the ever rising instability of both political and environmental concerns,
along with extreme cost cutting throughout the travel industry, if ever there
was a time to have decent travel protection and your own advocate who has an
invested interest in your well being, that time is definitely now!Which company offers the best travel insurance? Very subjective question that is, and usually depends on both the situation and the client. “What are my options?” is usually the first question I ask when buying for myself or recommending a client. If buying it here in the states, I would definitely go with Travel Safe or Travel Guard, but back home in Canada, RBC and Blue Cross offer good products as well. Since Travel Safe has recently become more competitive price wise than in the past, their pre-existing condition coverage, along with the cancel for any reason option, are pretty hard to beat in my opinion. For example, if you were to purchase coverage from one of the cruise lines instead, it will more than likely not only end up being far more expensive, you will likely end up with much less coverage than what some of those other companies might offer. Just don’t be naive about who the company is ultimately interested in protecting. Because once you take a close read of the contract that they make you sign before boarding the ship, you’ll soon understand that getting your coverage from them would be similar to buying Medical Insurance from a cigarette company! Expensive and ultimately useless.
Doesn’t my credit card cover me for that though? For some
things it actually might (depending on the card of course), but 9 out of 10
times no, if your trying to claim anything to do with medical or weather. Regardless
though, any insurance is better than none at all! On that note though, some
great information in the links provided, have a great week!
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