Travel advisories and insurance policies.
A Canadian government travel advisory for your destination could impact your travel insurance coverage. Some insurance companies will not honour medical claims made for injuries suffered in a country for which the Government of Canada has issued an official Travel Advisory. Coverage for injuries resulting from war may also be limited. Insurance policies often have exclusion clauses stipulating regions and/or activities that will not be covered.
No matter where in the world you intend to travel, make sure you check the Country Travel Advice and Advisories. If a Travel Advisory is issued for your destination, it may affect your travel health insurance or trigger your trip cancellation insurance. Make sure you understand any terms and conditions in the policy in regard to travel advice and advisories from the Government of Canada.
Visit the Government of Canada website for current advisories.
I hope you found this three-part series about travel insurance informative. Be sure to consult with a professional for specific advice. Go n-éirí an bothar leat.
About Colin Barry – Canfin Financial Group
Colin Barry is a Certified Financial Planner (CFP) who works with families and small businesses to plan their finances and make the most of what they have. Visit www.colinbarry.ca for more information.Fee for service financial planning and investments provided through Canfin Magellan Investments Inc. Insurance provided through Canfin Capital Group Inc.
