We know there are many myths & truths of insurance floating around out there & we are here to try and help bring some clarity to the issue!
#MythsMondays
Travel Insurance Doesn't Pay Out!
Insurance is a means of protection from financial loss. Insurance companies exist in order to help mitigate unforeseen and sudden events thus protecting the insured's financial well-being upon the occurrence of a specific event, specified loss, damage, illness, or death in return for payment of a premium. In the case of one of our travel insurance providers, Allianz Global Assistance, they have an excellent track record in Canada, with exceptionally low claim denial rates. In 2015, AGA recorded a 92.5% payout rate. Clients are best encouraged to carefully read their travel insurance policy to understand the benefits, exclusions and limitations. When you have questions, WE are the reliable source and trusted expert to provide clarification. We also carry many providers to meet a wide variety of clients needs. To name the major carriers we have, Saskatchewan Blue Cross, Group Medical Services, & Allianz Global Assistance.
At Al Hattie Insurance, we do our best to ensure our customers are informed about their insurance. If you're traveling outside of the country, it is very important to take a minute to discuss with us the coverages, eligibility, exclusions and limitations that are specific to your travel insurance policy. Different travel insurance companies will have different wordings and nuances, so if you have had travel insurance before and are changing companies it is also important to discuss the differences between policies with one of our brokers. Having an understanding of your travel insurance will give you confidence and piece of mind for your time away from home. This THIA guide below is a perfect start to understanding your travel insurance. If you would like more information on the specific companies we offer, please do not hesitate to give us a call (1-888-450-2700) or stop by our office.
Are you taking a much deserved trip? Trying to beat the cold? Maybe it's just time to explore? Here's a handy traveler checklist from Travel.gc.ca:
- Carry a Canadian passport that is valid well beyond the date of your planned return to Canada; keep a copy of the identification page separate from the original.
- Leave copies of your passport identification page, itinerary and insurance policy with friends or family.
- Obtain any required visas well in advance.
- If traveling with children, carry documentation proving your right to accompany them (e.g. a consent letter or court order).
- Arrange for travel health insurance and take care of health needs, such as eyeglasses, prescriptions, vaccinations and medical certificates and supplies.
- Anticipate financial needs, such as local currency and departure tax.
- Check whether dual citizenship is an issue for you.
- Obtain an International Driving Permit, if required.
- Visit travel.gc.ca for essential Country Travel Advice, emergency contacts, a directory of Canadian embassies and consulates, safe-travel publications and information on traveling with children, living abroad and returning to Canada.
- Download their Travel Smart mobile app at travel.gc.ca/mobile for essential travel information on the go.
- Sign up for Registration of Canadians Abroad service at travel.gc.ca/register.
And our biggest tip: Travel Insurance is for everyone! Whether you're 25 or 75, make sure to inquire about what options are available to you before your departure to make sure your trip is one to remember.