Travel Insurance for Canadians: Everything You Need to Know in 2025

Do Canadians Really Need Travel Insurance?

Yes. Provincial health plans cover very little outside Canada. A single hospital visit in the US can cost $10,000-100,000+ CAD without insurance.

What Travel Insurance Covers

• Medical emergencies — Hospital stays, doctor visits, prescriptions, ambulance


• Trip cancellation — Refunds if you can't travel due to illness, death in family, or job loss


• Trip interruption — Costs to return home early or continue a disrupted trip


• Baggage loss/delay — Replacement costs for lost, stolen, or delayed luggage


• Flight delays — Hotel and meal costs during extended delays

How Much Does It Cost?

For a typical 1-week trip, expect to pay:

• US/Caribbean: $30-80 CAD per person


• Europe: $40-100 CAD per person


• Asia/Worldwide: $50-120 CAD per person

Pro Tips

• Credit card coverage may already include some travel insurance — check your benefits


• Annual plans save money if you travel 3+ times per year


• Buy insurance within 48 hours of booking for the best cancellation coverage


• Pre-existing conditions must be declared; undisclosed conditions void your policy