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5 Important Reasons You Need Travel Insurance

With the world slowly opening back up again, many people are both excited and eager to grab their sunscreen, pack their snorkelling gear, and book a flight to the next exotic beach. But with all the things you need to have for a great vacation, one of the most important is travel insurance.

You may be asking yourself if travel insurance is even worth the additional cost. Without holding you in suspense, we’re going to say, “absolutely!” Travel insurance is most definitely worth it, and here are 5 reasons why.

1. Coverage for Unexpected Emergencies

Hypothetically speaking, if you paid $1000 for a plane ticket to backpack through Europe for 6 months but a week from your departure, a relative came down with a terrible illness that required you to stay and help take care of them — do you think you’d be able to just call the airline, explain your situation, and get a full refund?

Good luck…

They may empathize with you, but you will most likely lose your $1000. And this is exactly why travel insurance is so crucial. If you purchase travel insurance with the benefits of trip cancellation; even if said trip was “nonrefundable”, in this circumstance, you would get back every penny that you spent.

And this type of travel insurance would cover all types of other unexpected events: illness, injury, freak accidents, natural disasters, etc.

2. Coverage for Emergencies Overseas

Many nations won’t accept health insurance from Canada (or any other countries for that matter). So if you severely injure yourself in a foreign country and need immediate medical attention, the cost could easily run up into the tens of thousands of dollars — or more depending on the seriousness of the injury.

Compare this to the nominal fee of travel insurance, and you’d be crazy not to protect yourself in this manner. With this in mind, it’s only natural to come to the obvious conclusion that travel insurance really is a small price to pay.

3. Don’t Let Slight Setbacks Spoil Your Vacation

You know the old expression “money can’t buy happiness?” Well, quite frankly, whoever said it was wrong. Money can buy happiness — depending on where you spend it! And according to a San Francisco State University study from 2016, one of the best ways to enhance happiness via spending your hard-earned dollars is to spend them on experiences — aka vacations, trips, etc.

However, that initial investment into your joy and satisfaction can easily bottom out when life gets in the way. A missed flight, lost luggage, and other travel annoyances can quickly turn exhilaration into irritation.

But having the proper travel insurance can remedy these events. You can be reimbursed for lost luggage, a missed flight, or other hiccups that may occur. So be sure to look over what’s included in your plan.

4. Your Options Are Limited Overseas

If an emergency occurs while you’re out of the country — without travel insurance — your hands are tied and your options are limited. The only things you can really do in such circumstances are pay out of pocket or come back home (however, even the latter option may not be very practical depending on the severity of the sustained injury).

The Canadian embassy in the country you’re visiting is also limited in its powers. Other than being able to help connect you with loved ones or certain officials, there’s not a whole lot else they can do in regards to helping financially if the situation called for it.

And these are all problems that can be circumvented and avoided entirely with the proper travel insurance in place.

5. Budget-Friendly Travel Insurance is Easy to Find

Generally, one of the main things that put most people off with travel insurance is the price. And it’s easy to see why, the trip alone is — more often than not — going to set you back thousands. And tacking on any additional prices can almost feel like the final nail in the coffin, financially speaking.

However, the truth of the matter is, travel insurance can actually be very affordable. Upon receiving a quote, you will also be provided with different payment options. From there, you simply pick the one that’s most appropriate for you and your budget.


Travel insurance is an important part of ensuring you have a safe and memorable trip. You will be protected if any unforeseen circumstances arise, and that will provide you with the peace of mind you need to truly let go and enjoy every minute of your vacation! If you have any questions or concerns and would like to speak with a professional, don’t hesitate to get in touch with us today to learn more. We look forward to hearing from you.

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