CAIB 1 – questions with correct answers

What is the need for travel insurance? - Answer Provincial health plans don't cover certain costs - travel insurance provides coverage for these additional costs Discuss provincial medical plans in Canada - Answer Most provinces have a reciprocal agreement to reimburse the province that provided the medical costs where the injury occurred What costs do medical plans NOT cover? - Answer Ambulance charges, return of vehicle, family visitation Discuss provincial medical plans outside of Canada - Answer provincial plans only pay the fees outlined in their plan regardless of fees charged where the injury or illness occurred or any other costs How can Insurance Policies be purchased? - Answer policies are available for those travelling for both pleasure & business, can be purchased by individuals or families, can be purchased as a single trip or as an annual policy What is the Insuring Agreement in Travel Insurance Policies? - Answer the insurer agrees to insure the named insured against sickness or injury sustained outside of their province or territory while on a trip