Protect your vacation with trip cancellation insurance
Cancellations or delays can seriously affect your holiday and travel plans. Trip cancellation coverage can help protect you financially – get a customized quote with us today, for free.get a free quote
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Put the details of your trip in our travel insurance quote tool. You'll need at least your destination and your travel dates to get started.
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Check out the different policy features, and decide what you need.
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Matt Hands, VP, Insurance & MoneySense
Despite months of expert planning, a vacation can be over in moments, when sudden and unforeseen events require you to cancel travel plans. Even the best-laid plans can be derailed by a medical emergency, death in the family, natural disasters, or visa issues. The same goes for emergencies that happen while on a holiday.
With trip cancellation insurance in Canada, you’ll be reimbursed for prepaid, non-refundable, non-transferable travel expenses if your trip is cancelled before departure or interrupted due to a covered event as defined by your insurance policy.
Trip cancellation insurance must be in place before you travel. Ideally, it should be purchased as soon as your trip is booked - especially if your departure date is months away - to ensure you're covered before something happens that would force you to abruptly cancel.
One of the most important parts of a travel insurance policy is understanding exactly what’s covered and excluded in a policy, especially when it comes to pre-existing medical conditions for yourself, your spouse, travel companion, or immediate family members. Not every situation or loss is covered, and coverage is restricted to the terms outlined in your policy.
In addition to pre-departure cancellation coverage, a few things that are also covered under a standard trip cancellation policy include:
- Baggage loss insurance: Reimbursement for certain costs related to the loss, damage or theft of luggage or travel documents such as visas or passports during your trip.
- Baggage delay: Reimbursement for the cost of purchasing essential clothing and toiletries if your luggage is delayed for a certain number of hours.
- Trip delay and interruption: Reimbursement if your trip is delayed or interrupted due to a covered cause. Covered causes may include emergency illness, injury, hospitalization or quarantine of you, your spouse, travel companion, immediate family member, caregiver, key employee or business partner or destination host.
- Flight and travel accident: Benefits for serious injury or death because of an accidental injury that occurs on a commercial aircraft during your trip.
If the non-refundable portion of your trip is expensive, you should consider factoring the cost of travel insurance into the cost of a trip - a $500 premium beats paying the full cost of a non-refundable $5,000 trip.
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Matt Hands, Business Director of Insurance
With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read more