Is it too late to buy travel insurance?

Consider purchasing travel insurance after booking your trip’s transportation and accommodations, as well as other non-refundable, pre-paid trip costs. Seek out coverage that offers reimbursement if you need to cancel your trip before it starts, due to a covered reason, such as the CIBC Trip Cancellation and Trip Interruption Insurance Enhanced Plan. Trip cancellation coverage starts the day your plan is purchased, meaning that buying CIBC Travel Insurance when booking your trip provides you with protection before you leave on your trip.

The plan also includes protection for situations that occur during your trip, such as having to return home early due to a covered event — like your home becoming uninhabitable due to a disaster, or the death of a friend or family member. Additionally, it can provide coverage for eligible costs to replace your baggage and personal items, up to $2,000, if they’re lost, delayed or damaged while travelling.

It’s important to note that the CIBC Trip Cancellation and Trip Interruption Enhanced Plan must be purchased before you leave your home province or territory of residence. CIBC Travel Insurance single-trip plans offer the following options and benefits:

Medical coverage

Worried about unexpected medical emergencies while travelling? Before leaving home, consider purchasing the CIBC Travel Medical Insurance Single Trip Plan. This plan can reimburse you for eligible out-of-pocket expenses related to a covered injury or illness during your trip, up to $10 million¹. Eligible expenses may include physician bills and transportation costs to return home or to the nearest appropriate medical facility.

If you have a pre-existing medical condition, you may be eligible for coverage if the condition has been stable for a specified time before your coverage begins. This period varies based on your age and health. For full details on coverage and exclusions related to pre-existing conditions, refer to the Specific Exclusions section of your Certificate of Insurance.

All-in-one travel coverage

For maximum coverage before your trip begins, consider the CIBC Comprehensive Travel Insurance Plan. This plan combines the benefits of all available CIBC Travel Insurance coverages into one convenient package, making it easy to help protect your trip.

This plan is available to purchase before you leave your home province or territory of residence.

Forgot to purchase travel insurance before leaving home or want to stay longer than you originally planned for? You can apply for a new term of coverage if you are in good health and have no reason to seek treatment during the new term of coverage.

CIBC’s travel insurance administrator, Allianz Global Assistance, will assess your health status before deciding on an extension.

If you wish to purchase travel insurance after leaving your province or territory of residence and you don’t have existing CIBC Travel Insurance Coverage, or your coverage has expired, a 48-hour waiting period would apply. That means any sickness you experience within 48 hours after purchasing insurance will not be covered.

However, if you extend your coverage under an existing certificate or through coverage on your CIBC credit card, no waiting period will be applied to your additional coverage as long as it’s purchased before the expiration date of your existing plan.

Please note that new terms of coverage is not guaranteed, and Allianz Global Assistance can decline your request for new terms of coverage. In addition, if you have travel medical coverage through a CIBC credit card and need additional coverage, you can apply to top-up the coverage period through the purchase of a CIBC Travel Medical Insurance Single-Trip Plan, provided your credit card is active and in good standing for the entire duration of the trip. Each certificate or term of coverage is considered a separate contract, and all limitations and exclusions will apply.