Choosing the best policy, particularly if you are unfamiliar with insurance terms, can be a challenging task.
We’ve put together a guide to help you find out what type of policy you need when buying a Visitors to Canada policy. Please remember that this is just a guide, and you can always work with an insurance provider who has the requisite experience to support you in choosing the right package for your needs.
Super Visa insurance
The Canadian government has made it easy for people to pick the right Super Visa insurance for their parents or grandparents. Currently, the minimum coverage required per insured person is $100,000.
Despite the fact that this is the minimum amount, we still recommend our clients take the applicant’s medical background into account before making a decision. Although the odds of a stable 45-year-old racking up big medical bills are slim, an 81-year-old with heart issues may want to seek higher coverage. Pre Existing disease coverage should be chosen at a minimum and you should consult with the insurance provider to ensure that the illnesses are treated and do not come under the exclusion list.
Furthermore, it is potentially a smart idea to look at higher coverage rates rather than the government of Canada’s minimum provision. Only a note that Super Visa applicants can get up to $300,000 in emergency care coverage, and in difficult situations, it might be a smart idea to get the most coverage.
IEC/Working Holiday Insurance
Young people from authorized countries are permitted to work in Canada for up to two years. Coverage for hospitalization, emergency treatment, and repatriation is required for all applicants. We realize that the budget is limited while travelling, so it’s better to stop running out of funds when you’re away from home. Since the majority of IEC members also compete in athletics, it’s a smart idea to consult with an insurance provider to ensure that sports are covered and that you have sufficient medical care in your IEC/Working Holiday Insurance.
Even if it satisfies the visa’s criteria, we don’t recommend going for a minimum of $10,000. With a minor injury, it’s very easy to run up thousands of dollars for hospital costs. Speak with an expert so that you can determine the condition and make decisions for the right coverage.
Visitors Insurance
Tourists, recent arrivals, and returning Canadians are typically required to buy Visitors Insurance before they either apply for provincial coverage or relocate to their countries of origin.
Since insurance is only for a limited amount of time, certain consumers will be tempted to take the cheapest alternative. We typically warn against it because you can typically get twice the coverage for just a few more dollars, and health care in Canada is far from inexpensive. A few days in the ER will easily reduce your funds and leave you with a big bill to pay.
Claimants with pre existing diseases and those that need care for a longer period of time are allowed to expand coverage and add coverage for prior ailments or accidents. Even higher standards of coverage are very affordable for young people and short-term visits, so there’s no need to take a big risk.
Eventually, it’s always a smart idea to talk to an insurance agent about your insurance needs—you should begin by looking at rates and comparing advantages and prices, and then call us if you need any assistance. We, at Insurance4u, ensure that we cater to all the needs of our clients and satisfy them with the policy they choose for themselves.