One of the single most significant reasons for getting travel insurance is the medical coverage it provides. If you've ever been overseas and required medical aid, you'll know just how worth it travel insurance is. Without it, you are personally responsible for covering any medical expenses and the cost could be high depending on your circumstances. In addition, the Canadian Government recommends that all Canadian travellers purchase travel insurance, as provincial health insurance plans provide little to no coverage for any illness or injury travellers experience while travelling outside of their home province or territory.
You must also consider purchasing a travel insurance plan that includes coverage for trip cancellation and interruption on the top of your emergency medical coverage. Unforeseen events such as lost luggage, delayed or cancelled flight delays, or having to cancel your trip plan due to a covered reason are common inconveniences that travellers could also face, potentially resulting in financial losses depending on the situation.