Exploring the benefits of travel insurance

Imagine you're planning a trip, filled with dreams of exciting adventures, breathtaking sights and delicious culinary experiences. While it's natural to focus on the joys ahead, it's also wise to consider protecting both your financial investment and your health and wellbeing.

In this article, we’ll delve into the essential benefits of CIBC Travel Insurance and explore what it can cover, so you can focus on creating unforgettable memories without worrying about the unexpected.

Life is unpredictable, and sometimes unforeseen events can prevent you from embarking on your planned journey. Trip cancellation coverage may reimburse non-refundable, pre-paid expenses such as flights, accommodations and tours if you need to cancel your trip due to covered reasons like illness, a death in the family, or even natural disasters. This insurance may help you reschedule your travel plans without bearing the full financial burden of unexpected changes.

While trip cancellation coverage protects you before your journey begins, trip interruption coverage applies while your travels are underway. If an unexpected covered event forces you to cut your trip short, this coverage may provide reimbursement for the unused portion of your trip and any additional covered expenses incurred to return home early. Covered expenses may include meals, an extra night in a hotel, or a change in flight.

Healthcare costs can be exorbitant, especially when travelling outside of Canada. Travel insurance may provide coverage for medical emergencies, including hospital stays, doctor visits, or emergency medical evacuations. This benefit can help travellers access necessary medical treatment, and our partner, Allianz Global Assistance may arrange payment on your behalf whenever possible so you don’t have to pay out-of-pocket.

This benefit offers 24/7 emergency assistance, providing support in finding local medical facilities and coordinating treatment when you’re in unfamiliar surroundings.

Baggage issues can be a frustrating aspect of travel. Whether your luggage is lost, stolen or delayed, travel insurance can offer coverage to help replace essential items and minimize disruption to your journey. What if your medications, bathing suit or personal care items didn’t make it to your destination? This benefit allows you to enjoy your trip with minimal inconvenience, ensuring that you're equipped with the necessities, even if your baggage doesn't arrive on time.

Travel insurance is an invaluable resource that helps safeguard both your financial investment and your health and wellbeing during your travels. By understanding the comprehensive benefits it can offer, you can embark on your journey with confidence, knowing that you're prepared for any surprises. Travel insurance allows you to focus on creating unforgettable memories, knowing that you're protected every step of the way.

To learn more, explore CIBC Travel Insurance.