InsureMyTrip, a rapidly growing Canadian travel insurance comparison website, has launched a plan tailored specifically for travellers up to age 29. The all-inclusive TIPS Youth Premier Plan – underwritten by Old Republic Insurance Company of Canada – is designed to offer extensive benefits at a competitive price to young travellers.
Key benefits of the ORIC Youth Premier Plan:
- Comprehensive Coverage: Includes trip cancellation (if purchased within 72 hours of final trip payment), trip interruption, emergency medical/evacuation, baggage loss/delay, and travel delay benefits.
- High Coverage Limits: Insure trip costs up to $25,000 per person, with a maximum of two travellers.
- Pre-Existing Conditions Stability Period: 60 days prior to the effective date for the insured or travelling companion. For trips more than $15,000, a stability period of 180 days prior to the effective date applies to a non-travellers pre-existing condition that causes the cancellation or interruption claim.
- Emergency Medical Coverage: Up to $1M for emergency medical expenses and emergency medical evacuation/return home.
- Travel Disruption Coverage: Includes trip cancellation/interruption for common issues such as carrier delays, weather-related cancellations, and “avoid all travel” advisories issued after the policy effective date.
- Baggage Loss Coverage: Includes passport/travel visa replacement up to the specified limit.
- Travel Assistance Services: Comprehensive support included to assist travellers.
“As many younger travellers are getting out and exploring the world, this is a plan that offers many helpful benefits and can fit many budgets,” said InsureMyTrip CEO Suzanne Morrow.