Did
you know that each Canadian travel insurance policy
is both a financial product and a legal contract?
When purchased by you, the consumer, a travel
insurance policy binds the insurance provider
to compensate you should the unfortunate incident
you are insuring yourself against actually happen.
That’s the benefit of travel insurance –
it guarantees that you’ll receive the money
and services needed for your life to continue
as normally as possible.
Since travel insurance products are financial
products with great legal ramifications –
both to you and a chain of insurance providers
and underwriters – all travel insurance
vendors must have licenses. In Canada, you may
only purchase travel insurance from an individual
who has a valid insurance license for your particular
province or territory.
Even though there is immense medical and financial
risk should you decide to travel without adequate
travel insurance, no legislation or governing
body exists to force you to purchase a travel
policy. In fact, travel agents, airlines, tour
operators and government health plans are not
obligated to advise you to protect yourself and
your loved ones. It’s all up to you.
Please be sure to educate yourself on the risks
inherent in traveling outside your province or
territory of ordinary residence, as well as the
protection available with travel insurance. 
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