There have even been instances where Canadian families have been forced to rely on their superannuation funds or in some cases sell their homes in order to raise the money to bring their loved ones home – all because they failed to purchase travel insurance.

Despite these risks, many people still travel without travel insurance.

If you are planning to travel overseas, it is sensible to take an overseas travel medical insurance policy. The expenditures of medical treatment overseas can be very high. It is mandatory to buy an Overseas Travel Insurance if you want to attain visa while you are scheduled to travel to a few countries in the world. These countries insist on travel insurance cover before issuing a travel visa. Even if it is not mandatory to buy a travel insurance plan to other countries it would be a wise decision to protect you from unseen tragedies. Healthcare expenses are comparatively higher in developed countries.