Business Platinum Card from American Express
130,000 MR points
How to Choose a Travel Insurance Plan
Editor’s note: This is a guest post by my friend Matt Kepnes from Nomadic Matt.
Matt Kepnes runs the award-winning travel site NomadicMatt.com, which helps people travel the world on a budget. He’s the author of the NYT best-seller, How to Travel the World on $50 a Day and the travel memoir, Ten Years a Nomad. His writings and advice have been featured in The New York Times, CNN, The Guardian, Wall Street Journal, Travel + Leisure, Budget Travel, BBC, Time, and countless other publications. You can follow him on Instagram at @nomadicmatt. When he’s not on the road, he lives in Austin, TX.
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Good advice . This year, I found TD Banks travel insurance very competitive. With the lowest rate for the same coverage, compare to BCAA, Manulife，and other biggies… Check it out, login to your TD account, click the Other Products/ insurance/ Travel insurance…. You can get an instant quote online in a couple minutes… While I haven’t filed any claims (god bless…), I think as a big good reputation bank, it should be Ok..
Also, compare with your own banks, RBC, Scotia, CIBC, etc,. Also BCAA, Manulife, etc etc
Also, check out their Annual Multi Trips plan. I found it very reasonable and subscribed to their multi trip plan, as I’ve booked more than 5 long haul trips within the next 10 months, so make sense to get this multi trip plan. It also cover short trips to USA, …. Good for Canadians travel abroad and to the USA frequently.
Insurance is necessary for events that could bankrupt you. That means out of country medical insurance! For everything else, just pay out of pocket i.e. extra hotel night/cancellation fees/lost baggage, etc., etc.
Surprised credit card insurance and how it fits in wasn’t part of this piece.
My claims from RBC, all processed in good faith and paid promptly, were from RBC credit cards with medical. I did not use the cards to pay for any portion of the trip, nor did I use them to pay for any portion of the medical charges.
Agreed, it’s odd nothing about credit card insurance, considering all the credit card content on this site.
Yes, I second this. Would like to see how cc insurance compares to the listed providers in this article.
Excellent advice. I’ve had very good claims experience with RBC insurance, when I’ve filed claims with them multiple times, including an ear problem in Thailand! (Thailand is very hard on the ears I guess LOL). RBC reimbursed me quickly (I paid medical expenses myself with credit cards) once I submitted all relevant documents. In one case, the cheque was in my mailbox when I returned from the trip! For me, claims experience is the important differentiator between competing insurance offerings. I would only change companies after learning how they behave towards a claimant.