Making travel insurance part of your budget

You’ve spent time and money planning the perfect trip. Your flights are booked, your hotel room with a view awaits, and your itinerary is packed with exciting activities. Now you’re ready to enjoy your getaway. But have you thought about what might happen if something unexpected affects your travel budget? With CIBC Travel Insurance, you can help safeguard your travel budget and receive reimbursement if a covered event disrupts your travel plans.

Let’s explore how adding travel insurance to your plans can help you avoid costly surprises.

When thinking about purchasing travel insurance, be sure to consider all the costs you’ve already paid that can’t be refunded. These might include things like:

• Airplane tickets
• Hotel accommodations
• Transportation costs 
• Tickets to shows, parks and attractions
• Planned activities
• Non-refundable deposits

With CIBC Travel Insurance, you can receive reimbursement for your trip’s pre-paid costs if a covered event impacts your plans. This can help protect your travel budget from unexpected financial setbacks, even if something happens before your trip starts.

While travel insurance can help protect your pre-paid costs by reimbursing you if you need to cancel your trip before it starts, it can also provide coverage for expenses incurred if a covered, unexpected event disrupts your travels after your departure. For example, if your child’s caregiver becomes ill while you’re away, CIBC Travel Insurance can assist with the costs to return home or arrange for alternative care.

Additionally, consider the financial impact of a medical emergency while travelling. Without travel medical insurance, you may be responsible for out-of-pocket or upfront payments for medical care abroad or outside of your province or territory. Travel insurance can help protect against these costs. Also, emergency assistance is available at all times, so you can get help with navigating medical emergencies abroad.

If you’re a Canadian resident and a CIBC client looking to help protect yourself and your travel arrangements, CIBC Travel Insurance offers various travel insurance plans to fit your budget and coverage needs. Plans are available for single trips or for multiple trips within an entire year.

Choose from these travel insurance options:

• CIBC Travel Medical Insurance Plan — Single Trip Plan or Multi-Trip Annual Plan
• CIBC Trip Cancellation and Trip Enhanced Plan
• CIBC Comprehensive Travel Insurance Plan

If you plan to take more than two trips outside of your home province or territory per year, buying a Multi-Trip Annual Plan may be more economical than several single-trip plans. CIBC annual travel insurance plans offer coverage options for up to 8 or 18 days per trip.

Whether you have one or several trips planned, adding CIBC Travel Insurance to your travel budget can be a smart choice. CIBC Travel Insurance plans offer a wide range of coverage benefits, including emergency medical protection, trip cancellation and interruption coverage — which also includes lost or delayed baggage — and more.

Need to compare plans and coverages? Visit the CIBC Travel Insurance page.