bmo travel and medical insurance

Your faithful travel companion.

Whether you’re heading to the beach, hitting the slopes, or building memories elsewhere, head out of province knowing you have the travel insurance coverage to meet your needs.

Single Trip Medical Plan coverage 1 includes:

Travel insurance is provided by Allianz Global Risks US Insurance Company – Canadian Branch (Allianz), and administered by Allianz Global Assistance.

1 This information is only a summary. Limitations and exclusions apply. For full details see the Certificate of Insurance .

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BMO Travel Insurance Review 2024: Updated

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Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.

Travelling without insurance can be costly. Did you know a single night's hospital stay in the U.S. can exceed $14,000? Some countries may even refuse treatment if you can't prepay.

Therefore, travel insurance is essential. It ensures you can get and pay for medical care when needed. It also helps with flight issues and lost luggage. BMO travel insurance offers solutions to a host of travel issues from medical emergency care to trip cancellation/interruption making sure you travel without trouble. No matter what your age, BMO offers essential travel insurance.

So what does BMO travel insurance cover? At what price? What are the pros and cons? Find all this information and more in our comprehensive BMO travel insurance review.

BMO Travel Insurance: 6 Key Points

• BMO offers travel insurance for single and multiple trips.
• Up to $5 million for medical emergencies.
• No age limits and emergency dental care included.
• The rates offered by BMO travel insurance are competitive.
• BMO travel insurance typically averages between $50 and $100 depending on your profile and plan.
• You get 24*7 travel assistance across the world.

Our BMO Travel Insurance Review

BMO Travel Insurance stands out with its five different plans , tailored to the varied needs of travellers. The emergency medical coverage is robust, with a limit of up to $5,000,000 for hospitalization, ambulance, and emergency medical care, comparable to Blue Cross Travel Insurance and CAA. While it is sufficient, it is lower than the $10 million emergency coverage offered by BCAA Travel Insurance .

BMO also covers private nursing for up to $5,000 during hospitalization, emergency dental care for up to $2,000 , and emergency evacuation or air transport. You can also get trip cancellation of up to $20,000 and trip interruption of up to $3,000 per insured person to help you face any unforeseen circumstances.

You can get BMO Travel Insurance quotes online , simplifying the subscription process. Furthermore, the five plans offered (Multi-Trip Premium Travel Plan, Multi-Trip Travel Medical Plan, Single Trip Premium Travel Plan, Single Trip Travel Medical Plan, Single Trip–Trip Protection Plan) provide great flexibility in choosing the coverage best suited to each travel situation.

BMO travel assistance service is available 24/7 , offering immediate help when needed, which is essential for international travellers. Overall, BMO stands out with its private nursing care and varied coverage options, though some benefits have slightly lower limits.

Expert advice

BMO Travel Insurance offers various coverage options and the possibility of private nursing care makes it an attractive option for individuals with specific medical needs. Travelers concerned about their safety will also appreciate the emergency air transport options and emergency dental care coverage. Compared to offerings from CAA or Blue Cross, BMO stands out with its numerous coverage options and specific services , making it an excellent choice for those seeking personalized and comprehensive protection.

Pros of BMO Travel Insurance

• Emergency medical care up to $5,000,000
• Five different plans to cater to different traveller needs
• Private nursing care up to $5,000
• Emergency dental care up to $2,000
• Emergency evacuation or air transport
• BMO travel insurance quotes are available online
• Travel assistance is available 24/7 through the BMO travel insurance phone number
• Customizable coverage options

Cons of BMO Travel Insurance

• Coverage for trip cancellation/interruption is relatively low compared to other insurers such as CAA
• The variety of options can make selecting an appropriate plan complex for some
• Eligibility conditions and specific exclusions can complicate the understanding of the coverage

Before choosing BMO, compare options and quotes. A little shopping around can help you to save money and find coverage that fits your needs. Use our free tool below to compare travel insurance from Canada's best providers. Get instant quotes for free.

Compare the best travel insurance plans on the market!

What does BMO travel insurance cover?

Whether you're travelling across Canada or around the world, BMO has a plan tailored to meet your needs. All plans include 24/7 travel assistance , ensuring that a network of medical and travel insurance professionals is always ready to help you anytime, anywhere. BMO offers the following five travel insurance plans:

1. Single Trip Travel Medical Plan

• Out-of-Province/Country Medical : $5,000,000
• Hospital Room and Board : Semi-private or equivalent
• Emergency Medical Expenses : Physicians, diagnostic tests, ambulance services, prescription drugs (30-day supply)
• Incidental Expenses : $50/day up to $500
• Private Duty Nursing : $15,000
• Emergency Air Transportation/Evacuation
• Baggage Return : $1,000
• Dental Accident : $2,000
• Dental Emergency : $300
• Transportation to Bedside
• Return of Deceased : $10,000 for transportation, $5,000 for cremation/burial
• Additional Hotel/Meal Expenses : $200/day up to 10 days
• Return of Vehicle : $2,000

2. Multi-Trip Travel Medical Plan

• Similar coverage to the Single Trip Medical Plan
• Coverage for multiple trips throughout the year

3. Multi-Trip Premium Travel Plan

• Includes all benefits of the Medical Plan
• Additional coverage for trip cancellation (up to $20,000), trip interruption (up to $3,000), and baggage loss

4. Single Trip Premium Travel Plan

5. single trip - trip protection plan.

• Trip Interruption/Delay : Up to $2,000
• Trip Cancellation : Up to the sum insured, a maximum of $20,000
• Flight Delay : Up to $500 per trip
• Baggage/Personal Effects : Up to $1,000 per insured
• Flight Accident : Up to $100,000
• Travel Accident : Up to $50,000
• Trip Assistance : Included

Here is a detailed explanation of each BMO travel coverage

Emergency Medical Care Outside Province or Country : This coverage allows you to be covered for emergency medical care across Canada (excluding your home province) and abroad, covering up to $5 million in medical expenses . The protection includes:

• Air ambulance transportation
• Emergency hospitalization
• Physician care
• Other medical expenses

Trip Cancellation Insurance : You are covered in the event you need to cancel your trip due to illness, death, or any other unforeseen event. Benefits are payable from the day the coverage begins until the scheduled departure date of your trip.

Trip Interruption Insurance : You have coverage up to $2,000 to return home if a family member falls ill or dies during your trip.

Flight Delay Insurance : You are covered up to $500 per trip for accommodation and additional travel expenses if your flight is delayed by more than 6 hours.

Baggage and Personal Effects Insurance : You have coverage up to $750 per insured person (and up to $2,000 per trip) in case of loss or damage to baggage and personal effects during the trip.

Please review the specific insurance certificates for comprehensive details and exact terms and conditions. For more information on all BMO travel policies, download the PDF below:

Good to know

Most BMO credit cards offer some kind of travel coverage. Take a look at what your credit card travel insurance covers using our free tool HelloCard. You get instant results and you can also compare credit cards.

What coverage does BMO travel insurance Mastercard offer?

The BMO Mastercard Travel Insurance coverage depends on the level of your credit card. Premium cards typically have comprehensive coverage. For example, here is the coverage for the Mastercard World Elite Business from BMO.

World Elite Mastercard BMO travel insurance (Business)

Your card BMO Mastercard World Elite Business offers the following key travel benefits:

Bmo Travel Insurance Car Rental coverage through the World Elite Mastercard covers damages to a rented vehicle, provided the rental is fully paid with the card.

How much does BMO Travel Insurance cost?

Below is an overview of BMO travel insurance Canada costs:

The cost of travel insurance depends on several variables:

• Your profile. (Student, senior, snowbird, etc.)
• Your desired coverage and options.
• Your deductible.
• Your waiting period.
• Your destination(s).
• The length of your trip.

Therefore, we advise you to get a customized BMO travel insurance quote.

Before settling on BMO, check out other travel insurance plans, coverages and prices using our free comparison tool below .

How to buy a BMO travel insurance policy?

You can get a BMO travel insurance quote and purchase a plan online and by phone:

• By phone: 1-800-661-9060
• Online : Get a quote on the website in less than 5 minutes

How to file a BMO travel insurance claim?

You must log in to your BMO claims portal to file a claim, and check the status, and all related claims information. If you need to seek emergency medical care, you can call the following numbers:

• North America: 1-866-520-8823
• Outside North America: 1-519-742-9013

It is recommended to have your policy number handy when contacting for a travel claim. You can find your policy number on your confirmation of coverage or wallet card. The emergency medical care calls are handled by Allianz Global Assistance.

How can I contact BMO travel insurance?

Here are the contact details for BMO:

Is there BMO travel insurance for COVID issues?

Yes BMO travel insurance COVID coverage is included. But it's based on the following criteria:

• Medical expenses for COVID-19 if you get sick during your trip, provided no travel advisory was in effect at the start of coverage.
• Trip Cancellation benefits if you contract COVID-19 in Canada and need to cancel your trip.
• Trip Interruption benefits if you contract COVID-19 while travelling and no travel advisory was in effect at the start of coverage.

Not Covered:

• Medical expenses for COVID-19 if a travel advisory was in effect at the start of coverage.
• Trip Cancellation benefits if a travel advisory is reinstated for your destination and you wish to cancel.
• Trip Interruption benefits if a travel advisory is reinstated for your destination and you wish to interrupt your trip.

Is there BMO travel insurance for seniors?

While there is no specific plan for seniors, all BMO travel plans are inclusive and do not typically have age limits. To make it inclusive for seniors, BMO also tries to cover pre-existing medical conditions as long as they are stable for a specific period. The period varies depending on the age of the insured.

We recommend you speak to an advisor on the BMO travel insurance phone number 1-800-661-9060 to clarify coverage on pre-existing conditions and any possible exclusions for seniors.

You can check out our guide on the best travel insurance for seniors if you're looking for tailor-made plans for those above 60.

2 If you're 60 or older, to confirm your eligibility for coverage and determine your exact premium, you must complete a medical questionnaire online or by phone with BMO.

Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.

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Credit Card Travel Insurance Vs. Separate Travel Insurance

Updated: Aug 5, 2024, 3:25am

Fact Checked

Table of Contents

What travel policies have in common, credit card travel insurance, separately purchased travel insurance policies.

You’ve probably heard about the importance of travel insurance . If you get sick or injured while travelling outside of Canada, your provincial or territorial health insurance has limited coverage. Or if you’re halfway through your dream vacation and a family member back home is hospitalized, without travel insurance the costs to get to their bedside are yours alone. But where’s the best place to buy travel insurance?

Airlines and online booking platforms offer coverage as an add-on when you reserve your trip and it’s available through banks, travel agencies and insurance companies. Many credit cards also offer various forms of travel insurance as part of the benefits you pay for in your annual fee.

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World Nomads Travel Insurance Review

On World Nomad’s Website

Emergency medical

$5 million, $10 million

Cancel For Any Reason (CFAR)

Baggage insurance (Maximum)

$1,000, $3,000

Each option protects you in different scenarios. With so much variation in coverage and price, it’s hard to compare. Fortunately, we did the heavy lifting for you, examining the included benefits offered by a few popular credit cards against separately purchased policies.

Before we look at the differences, let’s look at what the policies have in common.

First, travel insurance is meant to protect against sudden, unforeseen, or unexpected situations. This means that any personal pre-existing medical conditions aren’t covered unless your coverage includes a waiver or offers a pre-existing condition exclusion. Also, travelling for elective surgery or medical treatments of any kind is also not covered.

Secondly, all policies have time limits for when you can initiate a claim (plan on filing within 30 days of the incident, although in some cases you may have longer). You’ll then have additional time to compile and submit supporting documentation. Expect to share an elaborate paper trail detailing what happened and any related expenses you incurred. Receipts are non-negotiable.

Lastly, coverage is null and void anytime it’s a result of illegal activity. You may also be denied if the cause of the incident included alcohol or drugs. It’s important to read each insurer’s list of exclusions to be clear on what is and isn’t covered. As always, an ounce of prevention may be worth a pound of cure.

Credit cards tout travel benefits as a way to offer value in exchange for annual fees. Here, we’re comparing three popular cards that offer travel insurance: The TD®Aeroplan® Visa Infinite Privilege Card , the Scotiabank Gold American Express Card and the BMO Air Miles World Elite Mastercard .

With all of these cards, eligible non-refundable expenses, such as flights or hotel accommodations, must be charged to the credit card to be included in the coverage. You must also remain a card member at the time you file your claim and have an account in good standing. Immediate family members are covered, assuming you paid for their travel with your card. Keep an eye on age limits for children: This varies not only by card but by benefit. All benefits cover children up to 18, but some benefits will cover older adult children if they’re still students.

TD® Aeroplan® Visa Infinite Privilege

The TD® Aeroplan® Visa Infinite Privilege is a top-of-the-line travel credit card that offers comprehensive trip insurance, making it ideal for frequent flyers seeking extensive additional rewards. The downside? The steep $599 annual fee.

This card offers up to $5 million in emergency medical coverage for the first 31 days of your trip if you are 64 years of age or under. (If you’re 65 years of age or older, coverage is for the first four consecutive days of your trip.) Benefits under this coverage include fees for hospital accommodation, physician’s services, lab tests and other diagnostics, ambulance transportation and emergency return home. There’s also specific provisions for private duty nursing (up to $5,000) accidental dental ($2,000 maximum), costs to bring a bedside companion to you if you’re hospitalized (round-trip air fare and up to $1,500 for meals and accommodation), and return of your travelling companion, vehicle and/or dependent children.

Another valuable included benefit is  Trip Cancellation and Trip Interruption Insurance . This coverage reimburses you for nonrefundable, prepaid expenses you incurred if you unexpectedly have to cancel the trip or have to cut the trip short. You can be reimbursed up to $2,500 per traveller with a maximum of $5,000 per trip for a trip cancellation, and up to $5,000 per traveller with a maximum of $25,000 for all insured travellers for trip interruption. Some examples of covered reasons include hospitalization or death of an immediate family member or a court subpoena.

The last major coverage this card includes is Accidental Death & Dismemberment insurance. This insurance pays out a lump sum if you lose your sight, speech, hearing, a limb, or life while travelling. The coverage maxes out at a generous $500,000.

All travellers have experienced trip delays at one point or another, for example when thunderstorms cancel your flight or your airplane has mechanical issues. With the TD® Aeroplan® Visa Infinite Privilege card, you can be reimbursed up to $1,000 if you’re delayed four hours or more for eligible causes (most commonly severe weather or mechanical issues). It will cover costs such as hotel rooms, taxis and meals.

The card also offers generous coverage  of up to $2,500 per passenger for lost luggage or $1,000 for delayed luggage after four hours so you can buy what you need while waiting for your suitcase to arrive.

Scotiabank Gold American Express Card

The Scotiabank Gold American Express Card is one of the top rewards cards in Canada with comprehensive travel insurance coverage and only a $120 annual fee.

Starting with the travel emergency medical coverage, this card offers up to $1 million in benefits for 25 days of consecutive travel for cardholders 64 and under, and for three days for cardholders aged 65 and above. While this maximum benefit is less than other cards, it has a long list of eligible expenses following treatment for a medical emergency including:

• Hospital accommodation, medical expenses and doctor charges
• Private duty nursing
• Diagnostic services, including laboratory testing and X-rays
• Ambulance services
• Emergency air transport to the nearest hospital or home
• Prescription drugs
• Emergency dental care due to a blow to the mouth, up to $2,000
• Medical appliances, including a sling, brace, splints or local rental of crutches, a walker or wheelchair
• A bedside companion if you’re hospitalized for more than three days, including round-trip airfare and a subsistence allowance of up to $100 per day (maximum $1,500)
• Vehicle return, maximum $1,000
• Car accident assistance, if your car is disabled due to an accident, with a maximum of $200 per day for three days for accommodation, food or commercial transportation/car rental
• Return of deceased, up to $5,000

If you need to cancel or interrupt your trip for a covered reason, such as the death of an immediate family member or a missed connection due to a mechanical delay, trip interruption coverage and trip cancellation coverage offers up to $1,500 per insured person and $10,000 per trip. And if your flight is delayed for more than four hours due to a covered reason, such as bad weather, mechanical breakdown or overbooking, this card pays up to $500 per person for expenses such a hotel, meals and sundry items, like magazines and snacks.

Lost, delayed or stolen baggage can put a damper on any trip. This card pays a maximum of $1,000 for checked bags lost by a common carrier, and up to $1,000 for the cost of buying essential items, such as clothes and toiletries, if your bags are delayed by more than four hours. This card also offers protection of up to $1,000 if your hotel or motel is burgled in the United States or Canada

While some cards have a provision for accidental death or dismemberment, the Scotiabank Gold American Express Card offers Common Carrier Travel Accident Insurance, which pays out in the event of catastrophic losses while travelling on an airplane or while in transit to or from the terminal. The maximum benefit for loss of life, total or permanent disability or multiple dismemberment is $500,000, while payout for partial dismemberment is $250,000.

BMO Air Miles World Elite Mastercard

The BMO Air Miles World Elite Mastercard is among the best Air Miles credit cards available, offering earn rates on rewards that outpace most other Air Miles cards on the market as well as decent travel insurance for a $120 annual fee.

Whether you’re travelling out of the province or out of the country, this card offers up to $5 million in coverage for eligible medical expenses for the first 15 days of travel if you are age 64 or younger. You are not eligible for coverage if you are 65 or above. Eligible medical expenses include:

• Emergency hospital, ambulance and medical
• Emergency air transportation or evacuation
• Professional services of a physiotherapist, chiropractor, osteopath, chiropodist or podiatrist
• Emergency dental
• Transportation to bedside
• Return of deceased
• Hotel and meals
• Return of vehicle

Under the Common Carrier Insurance provision (similar to Accidental Death and Dismemberment), this card pays out up to $500,000 in the event of accidental injury or death while you are entering or travelling on a common carrier.

If you need to cancel your trip before departure due to a covered reason, such as illness, complications of pregnancy (up to 31 weeks) or cancellation of a business meeting, this card offers up to $1,500 per person ($5,000 per account) in trip cancellation insurance. If you’ve already left on your trip and you need to interrupt or delay your travels, this card reimburses up to $2,000 per person (maximum $10,000 per account) under the trip interruption/trip delay coverage.

Flight Delay Insurance provides $500 in coverage if your flight is delayed more than four hours for expenses such as additional accommodation or meals.

If your bags are lost, stolen or damaged while travelling on a common carrier, Baggage Insurance pays out up to $500 per covered person ($1,000 per account per trip) and up to $500 per covered person ($1,000 per account per trip) if your bags are delayed by more than six hours, compared to four hours for the other two cards. And if your loss is due to a hotel burglary, this card pays up to $1,000 to replace or repair your personal property.

Given the included coverage available with these credit cards, how do paid policies differ? Premium prices vary based on traveller age, destination, coverage amounts and length of trip and add an extra expense to a potentially already big expenditure. Is it worth the extra cost?

Unlike credit cards, the main benefit of a standalone travel insurance plan is choice. Many offer a selection of plan options, such as an all-inclusive plan, emergency medical only or trip cancellation/interruption only. Standalone policies may feature higher coverage limits, or offer additional endorsements, such as a pre-existing condition rider, like the Stable for 3 Months add-on offered by Desjardins , that reduces your stability period (or the amount of time your health must be considered “stable” before you leave on your trip), coverage for adventurous activities that are usually excluded from travel insurance plans ( World Nomads covers more than 250) and Cancel For Any Reason (CFAR) coverage, such as that offered by CAA Travel Insurance .

While the travel insurance offered with your credit card is covered in the annual fee, you must pay for a standalone travel insurance policy, and premiums vary depending on your age, length of your trip, your answers to a health questionnaire (if required) and the amount of coverage you choose.

Here’s a deeper look at the corresponding standalone available from TD, Scotiabank and BMO to see how they compare to the credit card travel insurance.

TD Insurance Travel Insurance

TD Insurance Travel Insurance offers two single-trip insurance plans for trips outside of Canada: The Medical Plan and the Trip Cancellation and Interruption Plan. You can purchase one or both plans within a single policy. There’s also a multi-trip annual option if you travel several times within a year.

Like the TD® Aeroplan® Visa Infinite Privilege card, TD Insurance offers up to $5 million of emergency medical coverage, but there’s no stipulated days of coverage (unless you purchase a multi-trip plan). The maximum payouts are equal for benefits such as accidental dental and the costs to bring a bedside companion to you, but the standalone policy offers additional coverage including:

• Dental treatment due to pain, up to $500
• Paramedical services, such as a physiotherapist, up to $300 per specialist
• Subsistence allowance due to a medical delay, up to $1,500
• Incidental hospital expenses, such as a TV or parking, up to $500

The standalone insurance offers an update for trip cancellation insurance, up from $5,000 per trip with the card to a maximum of $25,000 with the separate policy.

It’s worth noting that the baggage insurance offered by the credit card is superior to that of the standalone policy. For example, the baggage delay benefit for the standalone policy is up to $400 after a 12-hour delay, while the credit card pays out up to $1,000 after four hours.

Scotia Travel Insurance

Scotia Travel Insurance offers comprehensive coverage in the event of a medical or travel emergency, including an all inclusive plan, emergency medical only and trip cancellation/interruption only plan. There’s also a COVID-19 Pandemic Travel Plan if you’re worried about testing positive for COVID-19 during your trip.

A big difference between the Scotiabank Gold American Express Card travel insurance and the standalone plan is the maximum emergency medical benefit: While the credit card offers a maximum of $1 million in coverage, the standalone policy offers up to $10 million in coverage, again without the trip duration restrictions of the credit card. While the credit card has a robust list of eligible medical expenses, the standalone policy is even more comprehensive, offering higher limits for emergency dental ($3,000), vehicle return ($3,000) as well additional expenses including:

• Dental treatment due to pain, up to $300
• Paramedical services, such as a physiotherapist, up to $700 per injury
• Subsistence allowance due to a medical delay, up to $2,000
• Incidental hospital expenses, such as a TV or parking, up to $300
• Childcare expenses during hospitalization, maximum $500

Like all insurance policies, the cost of a Scotia Travel Insurance plan depends on factors such as the cost of your trip, your age and the amount of coverage you choose. With a Scotia Travel Insurance plan you can reduce your premium cost by choosing a $500, $1,000, $5,000 or $10,000 deductible, or the amount you pay before your emergency medical coverage kicks in.

While all insurance policies have stipulations and exclusions about pre-existing conditions, essentially any health condition that existed before the start of your coverage, Scotia Travel Insurance offers an Individual Medical Underwriting Plan for travellers of any age who would like their pre-existing medical conditions covered with no stability requirements.

BMO Travel Insurance

BMO Travel Insurance offers three core plans for travelling outside of Canada: The Premium Travel Plan, Travel Medical Plan and Trip Protection Plan.

Similar to the BMO Air Miles World Elite Mastercard, the paid policy offers up to $5 million in emergency medical coverage. The medical coverage options are also similar. While the standalone policy does not offer flight or travel accident coverage, the credit card offers $500,000 in Common Carrier Insurance. However, the paid policies offers superior levels of trip cancellation and trip interruption coverage.

A big plus of this plan compared to the credit card is there is no maximum age.

Main Benefits of Paid Policies

There’s no question that a paid policy greatly increases the amount of medical reimbursement available to you in case of injury or illness. In most cases, there’s also more comprehensive coverage, such as reimbursement for childcare costs in the event you are hospitalized or evacuation from a remote area.

Paid policies may provide more opportunities to customize your coverage, and offer additional riders, discounts and even specialized coverage, such as a pandemic plan.

Paid policies offer non-tangible benefits as well. Most companies include extra resources for policyholders to help you plan or research safety issues for your destination before travelling. There are also assistance hotlines you can contact while traveling to get recommendations on doctors or medical facilities abroad.

The biggest downside is that you need to shell out additional money for a standalone policy while credit card travel insurance is included in your annual fee. However, insurance is there to protect your assets in case disaster strikes, so the question remains—how much does peace of mind cost you?

Bottom Line

Credit cards offer real, tangible travel insurance benefits that can protect you from unexpected bills. However, there’s no single credit card that covers every facet of travel coverage and many travellers will prefer a more comprehensive policy, especially if you are older or have pre-existing health issues.

In general, for simple trips, credit card insurance will often suffice. But travellers looking for extensive medical and/or evacuation insurance will need to purchase a separate policy or be prepared to pay for possible expenses out of pocket. A third option is that most standalone policies offer a top-up option where you can purchase insurance in addition to an existing policy, such as a credit card.

Ultimately, there is no one-size-fits all to travel insurance. But the good news is, with all the many options on the market there is certainly one to fit your needs and your budget.

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Becky Pokora is an avid traveler with a particular love for the outdoors. She's always looking for new ways to make travel easier, more memorable, and more affordable, particularly by using miles and points.

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Travel Insurance Comparison 2024: Top Single Trip and Annual Heymondo Covers Announced by Compare Before Buying

Compare Before Buying, an authoritative source for comparisons and reviews, has published an article that goes into detail about travel insurance options from Heymondo.

Boston - August 5, 2024 —

Compare Before Buying, an authoritative source for comparisons and reviews, has published an article that goes into detail about travel insurance options from Heymondo. The review explores the features of single-trip travel insurance and annual travel insurance, as well as the differences between them.

Heymondo is a dynamic travel insurance provider specializing in flexible and comprehensive insurance solutions. It provides coverage for a wide range of travel-related incidents including medical emergencies, trip cancellations, baggage loss, and more.

Heymondo collaborates with established insurance companies such as AXA, Starr Insurance, and emergency assistance providers, allowing the company to deliver reliable coverage and support.

Single-Trip and Multi-Trip Travel Insurance

Single-trip travel insurance offers coverage for a particular journey. Typically, it offers tailored protection for trips with specific risks and needs, as it allows for the selection of coverage that suits the unique aspects of each individual trip, such as higher coverage limits or special benefits for particular activities.

Meanwhile, annual travel insurance covers all trips within 12 months. This policy offers comprehensive protection without the need to purchase a new policy for each trip. Generally, it is more cost-effective and convenient.

Heymondo Single-Trip and Annual Travel Insurance

Compare Before Buying details Heymondo’s Annual Multi-Trip Travel Insurance , which offers extensive coverage for frequent travelers. The policy includes up to $100,000 in medical expense coverage and up to $2,000 for issues like luggage theft or damage. In serious situations requiring repatriation or early return, the policy covers up to $500,000. In addition, trip cancellation coverage up to $3,000 reimburses non-refundable costs if travel plans change unexpectedly.

Also, Compare Before Buying looks into Heymondo’s single-trip Travel Insurance , which provides comprehensive protection for individual journeys abroad. This policy offers up to $200,000 in medical expense coverage and up to $500,000 for repatriation and medical evacuation. For luggage theft and damage, coverage extends to $3,000, while trip cancellation is covered up to $10,000.

The complete selection of travel insurance options are available at the Heymondo website . A more extensive comparison of single-trip and annual travel insurance is available at the Compare Before Buying website .

About the company: Compare Before Buying provides news and reviews of consumer products and services.

Contact Info: Name: Andy Mathews Email: Send Email Organization: Compare Before Buying Website: https://www.comparebeforebuying.com/

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Yields Fall After Benign Producer Inflation Data Tees up CPI

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid/File Photo

By Alden Bentley

NEW YORK (Reuters) -U.S. Treasury yields declined on Tuesday after the release of a tame producer prices report that looked unlikely to divert the Federal Reserve from an easing path, with Wednesday's consumer prices data set to fill out the inflation picture.

The July Producer Price Index increased a less-than-expected 0.1%, after rising 0.2% in June, the Labor Department said, as a rise in the cost of goods was tempered by cheaper services. In the 12 months through July, the PPI increased 2.2%, backing down from a 2.7% rise in June.

Vail Hartman, U.S. rates strategist at BMO Capital Markets in New York, said CPI and PPI are not highly correlated and the market took the data in stride. PPI should not throw the Fed off course because parts of it contribute to the Personal Consumption Expenditures price index, which the Fed relies on most to guide policy, he said.

"Just looking at the PPI data, and specifically the elements that feed into core PCE, I don't think there was anything truly alarming and, from a broader perspective, I think the data conforms with the disinflation narrative."

The report also sent stocks soaring and the dollar lower.

Slowing inflation and a cooling labor market have led financial markets to anticipate that the Federal Reserve will start its easing cycle in September. With inflation behaving and the unemployment rate surging to near a three-year high of 4.3% in July, an interest rate cut of 50 basis points from its current 5.25% to 5.50% range cannot be ruled out.

The July Consumer Price Index is due at 8:30 a.m. EDT (1230 GMT) on Wednesday. Thursday also brings indicators such as retail sales and weekly jobless claims. Claims have taken on more importance recently because of the Fed's scrutiny of labor market conditions.

"The market is hoping they confirm slowing in the economy that will also give the Fed more excuse to cut rates," said Kim Rupert, managing director, fixed income at Action Economics in San Francisco.

Futures markets reflect odds of about 54% that the Fed will cut 50 bps against 46% for a 25 bps cut, a reverse from late Monday. Traders are pricing in a full percentage point of easing by year-end.

Atlanta Fed President Raphael Bostic on Tuesday said unemployment is still historically low and the labor market was strong, predicting a rate cut by year end.

Speaking at an event in Atlanta, Bostic noted that the balance of risks between inflation and the job market are closer to level, but he wants to be sure the Fed avoids cutting rates too soon.

Bond yields fell sharply to their lowest in more than a year in the wake of the surprising jump in the unemployment rate and weaker-than-expected payrolls increase reported last Friday.

They have recovered somewhat but remain under pressure amid concerns that confidence about a soft landing may be excessive and that a recession could be in store.

The yield on the benchmark U.S. 10-year note fell 5.5 bps to 3.854%, about 4 bps below where it stood before PPI.

The 2-year note yield, which typically moves in step with interest rate expectations, fell 7.1 basis points to 3.9439%, most of which came after the report.

With the two-year unable hold back above 4% this week, Rupert said: "Shorts are throwing in the towel again, so the little rally is feeding on itself to some extent."

The 30-year bond yield fell 3.2 bps from late in the previous session to 4.1656%.

The closely watched gap between yields on two- and 10-year Treasury notes, considered a gauge of growth expectations, was at negative 9.2 basis points, slightly steeper, or less inverted, than its reading of -11.7 bps late Monday. An inverted yield curve is generally seen as a pointer to a recession.

Hopes of an aggressive 50 bps easing in September briefly shifted the gap between 2- and 10-year yields to a positive 1.5 bps last week, the first time the curve had shown a more normal upward slope since July 2022.

The breakeven inflation rate on five-year Treasury Inflation Protected Securities (TIPS) rose to about 1.99% from 1.98% late Monday, indicating that investors see annual inflation averaging less than 2% over the next five years.

The breakeven inflation rate on 10-year TIPS rose to 2.1158% from 2.11%.

(Reporting by Alden Bentley; editing by Jonathan Oatis and Nick Zieminski)

Copyright 2024 Thomson Reuters .

Tags: United States

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