There are many different types of traveler who requires travel insurance coverage. Many people save all year to enjoy a vacation at a beach destination or resort. Others, like business people, travel frequently as their lifestyle requires. The travel insurance industry has recognized the variety of traveler. In doing so, the Canadian travel insurance companies have designed different type of insurance plan to meet the needs of both types of traveler.
Travel insurance can be purchased with 2 types of duration;
1)a single trip plan which only covers the days that you are away, and
2)an annual plan that covered you for an unlimited number of trips up to a maximum length of stay.
Single Trip Travel Insurance
Single Trip travel insurance coverage is designed to cave the traveler for the exact number of days that they plan to be away. Coverage can be purchased for trip that last anywhere from 2 days to 182 days (212 days in Ontario). In special situations where the traveler has arranged to extend their provincial health coverage, the trip length may be extended to 1 year. The benefit of single trip coverage is that you purchase only the number of days you are away. This ensures you do not pay for days of coverage that you do not require.
Coverage normally includes Emergency medical insurance up to $5 million worth of major medical expenses and hospital expenses. This usually includes emergency medical evacuation, dental accidents and other benefits. Comprehensive or All-Inclusive coverage can also be purchased in Single Trip plans. Comprehensive normally plans bundle Baggage, Trip Cancellation/Interruption and Accidental Death and Dismemberment coverage along with the Emergency Medical coverage.
To get details on the insurance benefits that some travel insurance companies offer, go to our website at http://www.travelinsurancequotes.ca
Annual or Multi-Trip Travel Insurance
The other type of travel medical insurance is the annual or multi-trip travel insurance plan. This plan is perfect for business owners, corporate executives, and any other frequent traveler who requires travel insurance coverage for multiple trips within a year.
One of the key advantages of this type of plan is that coverage is already in force when last minute travel is required. This avoids the need to scramble to buy travel insurance at the last minute. Also, purchasing annual multi-trip insurance is cheaper for frequent travelers. The cost of an annual plan is normally the equivalent cost of 2 single trip plans.
Annual travel insurance plans normally include emergency medical coverage up to $5 million during the life of the policy. The plan is purchased to cover a set number of days for each trip. Trip lengths can be purchased with periods from 4 days to 180 days of coverage. If your trip happens to last beyond the maximum length allowed, you may then buy a top up to cover the days in excess of the number of days the annual plan covers.
Whatever plan you may choose to purchase, be sure to select the right one that suits your needs best. Always be sure to carry the policy of the insurance with you.
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