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Team Klotz Advisors

Northwood Financial

Phone: 4167837526

Fax: 416-987-6022

Cell: 647-406-7526

Email: john@northwoodfinancial.ca

Travel Insurance

Provincial medical plans do not typically apply to expensive medical emergency costs outside of Canada. These costs are generally financially overwhelming for citizens. For millions of Canadians, comprehensive emergency travel coverage has become an essential part of their holiday plans. A travel insurance plan provides assurance that any unexpected medical emergency costs are covered so you can travel worry free.

Even while travelling outside your province of residence within Canada, some medical and paramedical expenses may only be partially covered by your provincial health insurance program. There are many plans that are suited for all persons whether you travel frequently or occasionally. Depending on your needs, you can opt for coverage on a daily or annual basis.

Additional Coverage Options

In addition to emergency hospital and medical coverage, travel insurance can offer the choice of Flight Accident Coverage, Trip Cancellation and/or Trip Interruption and Baggage Insurance. It can also be purchased as a Multi-trip annual plan or Single Trip plan. By purchasing an All-Inclusive Package one can take advantage of combined discounted rates.

Baggage Insurance

Your baggage and personal belongings can be damaged, stolen or lost anytime, anywhere in the world. Baggage insurance is important as airlines only provide limited protection for your checked baggage and do not cover your carry-on items. Cruise lines and hotels offer little or no coverage. Homeowners or renters insurance may provide limited benefits or have a high deductible.

Trip Cancellation & Interruption

Provides coverage if your trip is cancelled, interrupted or delayed for a specific reason listed in the policy, such as an unexpected event or an injury to you, a family member, or travelling companion.

Single Trip Insurance

Single Trip Insurance can provide security to you and your family while you are engaged in your travelling adventures. These programs provide coverage for unforeseen emergency medical expenses while you are out of your province of residence. Out of province health care costs can be financially burdening as hospitals can charge thousands of dollars daily. Since your resident province may provide partial or no coverage for these charges, you and your family would be responsible for the high costs.

Multi-Trip Insurance

This coverage plan allows for the insured to make as many trips during a one-year period without having to buy insurance every time he/she travels outside your home province. This removes the concern of having to purchase coverage for last minute business trips or a surprise weekend getaway.
All-inclusive Package
This plan combines emergency hospital and medical insurance for Canadians as well as trip cancellation and interruption coverage. Since these plans are purchased in combination, you get savings on great coverage.
This plan also provides coverage for delayed baggage, cancellation by the tour operator (for any reason other than default), accidental death & dismemberment, flight accident, and lost or damaged baggage and personal effects. Default of travel supplier can also be covered, subject to some exclusion.

Other Types of Travel Insurance

Visitor to Canada Insurance

Visitor to Canada Insurance can provide peace of mind that coverage will be provided to one’s family members or friend’s vacation to Canada from an outside country for any unforeseen medical emergency expenses during their visit.
Health care costs in Canada are very expensive. Without emergency hospital and medical insurance, visitors to Canada would be responsible for these high costs, which can create a significant financial burden.

Student Medical Insurance
Some insurance companies recognize the complex needs of International and Canadian student studying abroad. As a result, some of the most comprehensive Student Medical Insurance programs are offered. Insurance plans that available for both International and Canadian students offer the option for the student to purchase coverage for accompanying or extended family members, under a single policy. Some plans provide additional benefits including tutorial services, maternity benefit, annual physician visit, accidental death and dismemberment and much more.