There is no doubt that Canadians love to travel. In fact, in 2024 alone, Canadian residents took over 330 million trips1. And while memories from a dream vacation can last a lifetime, being unprepared for the unexpected – like flight delays, lost baggage or medical emergencies – can quickly overshadow the joy and fun of exploring the world. However, with the right kind of travel insurance, Canadians can feel peace of mind when travelling, knowing they are protected for any adventures (planned or not) that come their way.
To ensure you’re ready for your next journey, we’ve rounded up seven common travel insurance myths—and the truths behind them—so you can pack peace of mind along with your passport.
1. There is no one-size-fits-all when it comes to travel insurance
From emergency medical care to trip cancellations, lost luggage, and flight delays, travel insurance comes in many shapes and sizes. Some policies offer broad protection, while others focus on specific risks.
Tip: Always read your policy carefully before you go to understand what’s covered—and what’s not. Whether you’re beach bound or city strolling, working with a travel insurance advisor can help ensure you get an insurance option that is right for you.
2. Exclusions Matter (A Lot!)
Every policy has exclusions and ignoring them can be costly. Planning to skydive or climb a mountain? Swim with sharks or bungee jump? For those adventure seekers, some high-risk activities may not be covered. Pre-existing medical conditions or travel to certain destinations can also affect your coverage.
Tip: Review exclusions of your policy before you sign on the dotted line, or speak with an advisor to ensure your policy fits your plans.
3. Accurate Health and Medical Answers Mean Fewer Surprises Later
Some travel insurance policies require a medical questionnaire to be completed before the policy is issued. When filling out these forms, it is important to disclose all pre-existing conditions accurately. Some conditions may not affect your coverage, but others could.
Tip: When in doubt, consult a medical professional and work with a licensed advisor to find the right policy based on your medical history.
4. Credit Card Coverage Isn’t Always Enough
Yes, your credit card may offer travel insurance—but it’s not always comprehensive. Emergency medical care or trip cancellation might be missing.
Tip: Check the fine print and consider topping up your coverage if needed.
5. Cancellation Coverage Has Limits
“Cancel for any reason” coverage can be a beneficial add-on to your policy—but it’s not standard. Most policies only cover cancellations due to specific events, like illness or natural disasters.
Tip: If you want flexibility, look into adding a “cancel for any reason” benefit.
6. Your Destination Can Impact Your Coverage
Travel advisories or local healthcare standards can affect your eligibility for travel insurance. For example, remote or politically unstable regions may come with special considerations.
Tip: Check how your policy applies to your destination before you go.
7. Know your plan before you Board
Travel insurance isn’t automatic. It’s your responsibility to understand your coverage.
Tip: Read your policy or confirmation of coverage before you leave—not at the airport gate. If anything’s unclear, ask a licensed advisor.
One last thing...
Travel is unpredictable. But your coverage shouldn’t be. Take a few minutes to ask questions and understand your plan— a little preparation now can mean fewer surprises later. Bon Voyage!
Need help understanding your coverage?
Visit manulife.ca/personal/insurance/our-products/travel-insurance to learn more.
Sources