Understanding Travel Insurance


Travel Insurance

Buy travel insurance for out-of-province travel or when leaving Canada on Vacation

Are your planning to pop over to Watertown for a quick shopping trip? Perhaps you’re exploring Canada’s coast, heading to the Caribbean or travelling overseas?

Travel Insurance while out-of-province helps protect you against the cost of unexpected emergencies that may occur during your trip – costs only marginally covered by OHIP.

As a financial planner, I worry that my clients may not have sufficient coverage and in the event of a major medical emergency, their financial plan might be ruined!  It’s one of the low probability, but high impact events that often gets overlooked.

The following questions and answers are taken directly from the Ontario Ministry of Health and Long-Term Care. 

When I travel outside of Canada, will OHIP pay the same medical expenses that are covered in Ontario?

No. If you are a resident of Ontario and you are insured under OHIP, you are entitled to very limited funding for a limited range of medical services when you are travelling outside of Canada.

Should I obtain additional insurance coverage for my absence from Canada?

Yes.  The ministry strongly recommends that you do, whether you are absent from Canada for a few minutes or for an extended time.  OHIP does not insure or pay for all out-of-country medical services.  Also, the amount of funding provided by OHIP will not usually cover the full cost of any health services that you do obtain outside of Canada.  You should therefore, obtain supplementary health insurance from a private insurance company to provide you with additional coverage during your absence.  It is also recommended that you understand the terms and conditions of the additional insurance coverage you have purchased and the implications of any pre-existing health conditions on your insurance coverage.

What I Offer

I offer two different carriers, Manulife Financial or TuGo (formerly Travel Underwriters). While Manulife is probably a household name, TuGo may not be. It’s a niche company specializing in travel insurance. Both are good! You can do a quote to understand the approximate cost and it takes only a few minutes. If you find the quote acceptable, you can continue and purchase directly from the website. Payments can be made online via credit card. The policy details are emailed directly to you, once completed.

Click here for a Manulife Travel Insurance Quote


Click here for a TuGo Travel Insurance Quote

Lastly, if you aren’t comfortable doing it yourself, I can setup a convenient time to call and we can work through it over the phone. 

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