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Travel insurance is a crucial part of any itinerary as it covers you for any potential losses, injuries or medical expenses that may occur while you’re away from home. Long term travel insurance provides coverage for longer periods, such as six months or more, and is ideal for backpackers, students studying abroad, or expats living overseas. In this article, we will discuss long term travel insurance options in Canada, so you can make an informed decision before embarking on your next adventure.
What is Long Term Travel Insurance in Canada?
Long term travel insurance provides financial protection for travelers who plan on being away from home for an extended period. It covers medical expenses, trip cancellations, lost or stolen items, and emergency evacuations. These policies are ideal for anyone planning an extended trip, whether it be for work, study, or leisure.
Who Needs Long Term Travel Insurance?
Anyone traveling outside their home country for an extended period should consider long term travel insurance. This includes students studying abroad, backpackers, digital nomads, or expats living overseas. Having travel insurance provides peace of mind and ensures financial protection if something goes wrong during your trip.
What Does Long Term Travel Insurance Cover?
Long term travel insurance typically covers medical expenses, emergency evacuations, lost or stolen items, trip cancellations, and delays. Some policies may also cover adventure activities, such as rock climbing or scuba diving. It’s important to read the policy carefully before purchasing to ensure you have the coverage you need.
How Much Does Long Term Travel Insurance Cost in Canada?
The cost of long term travel insurance in Canada varies depending on your age, health, and the duration of your trip. On average, a six-month policy can cost between $500 and $1000. It’s important to compare policies from different providers to ensure you’re getting the best price for the coverage you need.
How to Choose the Best Long Term Travel Insurance in Canada
Choosing the best long term travel insurance policy in Canada depends on your specific needs and budget. Consider the length of your trip, the activities you’ll be doing, and any pre-existing medical conditions. Look for policies that provide comprehensive coverage and have a high coverage limit for medical expenses and emergency evacuations. It’s also essential to read the policy carefully and understand any exclusions or limitations.
FAQs
| Q: Can I buy long term travel insurance after I’ve already left Canada? | A: No, it’s recommended to purchase travel insurance before leaving Canada, as some providers may not offer coverage if you’re already outside the country. |
| Q: Can I extend my long term travel insurance policy? | A: Yes, some providers allow you to extend your policy if you decide to stay longer than initially planned. |
| Q: Will long term travel insurance cover me for COVID-19? | A: It depends on the policy. Some providers may cover medical expenses related to COVID-19, while others may have exclusions. It’s essential to read the policy carefully and understand any limitations or exclusions. |