Types of travel insurance in Canada
All-inclusive travel insurance - This type of travel insurance will provide coverage through a comprehensive policy. Customers are protected in most circumstances, including for emergency medical cover, trip cancellations, stolen or lost baggage, logistical errors, and more. All-inclusive travel insurance is the most extensive type of protection, so the cost of premiums is typically more expensive than other types of coverage.
Single trip insurance – Customers are protected for one trip. A single trip policy usually accounts for one journey made through a 365-day period.
Trip cancellation/interruption insurance – Customers who take a policy with this coverage are protected in the event of a cancelled trip. Normally, the cancellation reasons accepted under the coverage are listed in the policy. Flight and travel expenses can be reimbursed, while some policies will also pay food and lodging costs for interrupted trips. Furthermore, some insurers even offer itinerary coverage.
Multi-trip insurance – This policy provides emergency medical protection for a pre-determined number of trips through a 365-year period. Some insurancecompanies may list this coverage as annual travel insurance.
Top-up travel insurance – Some travellers may already have parts of their trip covered, but not all of it. Top-up coverage allows customers to continue coverage after the original protection has ended.