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Check your insurance before travelling

Don’t let a dream vacation turn into a financial nightmare. While you can’t always avoid falling ill, you can limit the impact on your wallet. If you haven’t read the fine print in the exclusions and limitations section of your insurance coverage, you could be in for an unpleasant surprise.

David Brown, partner at Al G. Brown and Associates explains what can go wrong and how to avoid it:

A client of ours was on dialysis, and obtained his insurer’s permission to travel to Florida. While there, he had a severe colitis attack unrelated to his kidney failure. He underwent emergency surgery in Florida and convalesced there for several weeks. He was flown back by air ambulance. Once stable, he went to a rehabilitation hospital in Toronto.

The claim was more than $250,000 and could’ve wiped out a large portion of his retirement savings. Since his travel insurance was underwritten properly before he left, the insurer paid the entire claim.

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