October 19, 2016

The days are getting shorter. Summer is coming to a close and that means a new season begins: travel season. As colder weather slowly begins to settle in Canadians begin flocking South in search of warmer climates. Before you take flight, make sure you’re covered with appropriate travel insurance.

Travel insurance can be purchased to cover an array of unforeseen expenses such as:

  • Medical Emergencies
  • Trip Interruption & Cancellation
  • Baggage Loss Damage & Delay
  • Flight Accident
  • Travel Accident

One of the greatest risks when traveling is often Medical Emergencies.  In some parts of the world emergency medical bills can easily exceed $100,000 depending on the severity of the emergency and what treatments may be necessary.  

Adam from the Ostic Group Financial has a travel accident in JamaicaWhile on a recent trip to Jamaica I had an accident and hit my head in the pool. (No, I didn’t have too much rum) This brief head smash resulted in my fiancé and I paying an emergency visit to a Jamaican hospital in Montego Bay. Immediately upon my arrival at the hospital (still bleeding by the way) I had to hand over a credit card, before I could even see a nurse. Fortunately, my injuries were minor and I was released with minimal treatment. However, that short visit with minimal treatment cost more than $700CDN. Thankfully we purchased Emergency Medical Travel Insurance prior to leaving and were able to get all of our expenses reimbursed by the insurance company. Take it from me; you don’t want to get caught off guard with a medical emergency.

How do you protect yourself and your family?  There are two things to add to your “to-do” list before you leave:

Step One: Determine existing coverage through employer benefits, or credit cards.  There are 3 questions to ask.

  1. Who is covered in the policy?
    • Is it just you?  Will your spouse and children be covered?
  2. What is the length of the policy?
    • Will you be covered for the entire length of your trip?
  3. What are the limitations?
    • What are the coverage amounts, and what treatments may be covered?  Are their countries, or activities you may not be covered for?

Step Two:  Once you know what existing coverage you have, you can purchase additional coverage for anything you see as a risk.

Don’t risk your dream vacation turning into a nightmare because of an emergency.  The team at Ostic Financial Group can help you get covered today.

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