Single-trip versus multi-trip travel insurance

What are your upcoming travel plans? Is this the year you finally take that dream getaway, or do you have a few small trips marked on your calendar? No matter how many times you plan to travel in the coming months, CIBC Travel Insurance has coverage options for one-time getaways and multiple trips over an entire year.

Whether you’re travelling abroad for a few weeks or heading to another Canadian province for the weekend, CIBC Travel Insurance can help protect you — no matter where your journey takes you. CIBC’s single-trip plans vary in coverage, featuring benefits that can reimburse you for covered medical emergencies, eligible prepaid travel costs, or both, while travelling.

CIBC Travel Insurance single-trip plans offer the following options and benefits.

CIBC Travel Medical Insurance — Single Trip Plan

Get up to $10 million in coverage  for eligible expenses related to a covered injury or illness on your trip, such as, necessary transportation to an appropriate medical facility and costs from your hospital stay. For details, visit CIBC Travel Medical Insurance Plan.

CIBC Trip Cancellation & Trip Interruption Insurance Enhanced Plan

Get coverage for your pre-paid, non-refundable trip costs if your trip is cancelled or interrupted due to a covered reason, up to the amount purchased (up to $50,000 per insured person), as well as coverage for lost or delayed baggage, up to $2,000. For details, visit CIBC Trip Cancellation & Trip Interruption Insurance Enhanced Plan.

CIBC Comprehensive Travel Insurance Plan

Enjoy the benefits of both the Travel Medical Insurance and Trip Cancellation & Trip Interruption Insurance Enhanced Plans under one package. For details, visit CIBC Comprehensive Travel Insurance Plan.

If you’re taking multiple trips in the next year, a CIBC Travel Medical Insurance — Multi-Trip Annual Plan^ⓘ can cover them all. CIBC’s Multi-Trip Annual Plan offers the same medical coverage provided under the CIBC Travel Medical Insurance — Single-Trip Plan. Depending on which coverage option you select, you will be covered under one policy for an unlimited number of trips of up to 8 days or 18 days each, taken within a 365-day period. 

A CIBC Travel Medical Insurance — Multi-Trip Annual Plan can be helpful if you face an unexpected medical emergency on a business trip, family vacation or any other getaway during the covered period. It also provides convenient coverage if you’re a frequent flyer who takes last-minute, unplanned trips. Keep in mind that travellers insured under the same policy, don’t have to travel together to be covered.

When you first purchase a CIBC Travel Medical Insurance — Multi-Trip Annual Plan, you can have your plan auto-renew the following year. At renewal, Allianz Global Assistance will contact you regarding the premium amount for the new 12-month term. If the credit card you used when you first applied for coverage is still active, it will be used to pay for your renewal. Choosing to auto-renew your policy can be convenient, especially if you’re a frequent traveller.

If you choose not to auto-renew your policy, you’ll be contacted by mail or email before the expiry date to let you know that you’ll need to re-enroll to maintain your coverage.

Something to note: The CIBC Travel Medical Insurance — Multi-Trip Annual Plan does not include coverage for your pre-paid, non-refundable trip costs, such as deposits for hotel reservations, plane tickets, and planned activities at your destination. If you want to protect those costs for a single trip, you can complement your CIBC Travel Medical Insurance — Multi-Trip Annual Plan by purchasing a CIBC Trip Cancellation & Trip Interruption Insurance Enhanced Plan.

In addition, be mindful that you cannot exceed the provincial or territorial day limit of travel outside your home province or territory. For more information, contact your provincial or territorial health authority or visit their website.

If you’re planning a single getaway and want protection for eligible medical expenses and pre-paid, non-refundable trip costs, the CIBC Comprehensive Travel Insurance plan might suit your needs. If you only want medical coverage, you can choose a single-trip medical plan for one trip only, or a multi-trip annual plan for all your trips in a 12-month period.