Are holiday sales across the border calling out to you, despite the lagging loonie? If a cross-border shopping trip over this year's Black Friday weekend is in the plans there's one item you absolutely must buy before you take on the crowds: travel insurance.
Why you need travel insurance for a weekend Black Friday getaway
Simply put, medical expenses for emergency treatment outside of Canada can be costly.
"Just getting a few stitches in an American hospital could cost upwards of $3,000, or a sprained ankle around $2,000," says Dan Keon, Vice President, Market Management, Allianz Global Assistance Canada. "More serious injuries requiring surgery or hospital stays, such as those resulting from auto collisions, will also increase medical costs considerably and possibly into the tens of thousands of dollars. Too frequently, travellers just don't consider that something adverse could happen on a simple day trip."
According to the Government of Canada, you should have travel insurance no matter where you're going.
"Your Canadian insurance is almost certainly not valid outside Canada," it says on the government's website dedicated to Canadian travellers. "Foreign hospitals can be very expensive and may require immediate cash payment. You could face years of debt paying off the costs of treatment for an illness or accident you suffered abroad."