Is BMO travel insurance the best in 2023?
verified information
Information verified by Adeline Harmant
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.
Discover the methodology
Visiting another country or province without travel insurance can be a costly mistake. Indeed, did you know that an overnight stay in a hospital in the United States can exceed $14,000 CAD? Some countries might even refuse to help you if you are unable to prepay for treatment.
It is not fun to think about, but travel insurance is a necessity when you are away from home. It guarantees your ability to get and pay for health care, if and when you need it. Beyond medical emergencies, travel insurance can also help with flight issues and lost luggage, amongst other things.
That being said, what to think about BMO travel insurance in Canana? What coverage is BMO providing? For what price? What are its pros and cons? Read our review on BMO's medical travel insurance, get a quote, and see how the competitors fare.
Our 2023 review of BMO travel insurance
BMO, or the Bank of Montreal, is one of Canada's leading banking and financial services institutions. They are a trusted insurance brand.
All BMO travel insurance plans come with 24/7 travel assistance, which provides a network of travel and medical insurance professionals ready to help you.
See below BMO's travel insurance pros and cons:
Why BMO could be right for you:
A trusted insurance brand
Quality insurance at a competitive price
Offers single-trip and annual plan insurance
Detailed information on the different plans and coverages available
Why BMO may not be right for you:
Unable to buy coverage at a bank branch, just online or by phone
Medical expenses related to Covid-19 are not covered if there is a travel advisory for your destination during the dates you are travelling.
Multi-trip travel plans cover trips under 10 or 23 days. This may not fit all travellers.
Before choosing BMO travel insurance, compare options and quotes. A little shopping around can help you to save money and find a coverage that really fits your needs:
Compare the best travel insurance plans on the market!
What does BMO travel insurance cover?
Multi-trip travel Medical plan
This BMO travel insurance plan covers you for out-of-province or out-of-country emergency medical care.
You can take an unlimited number of trips per year. Coverage for these trips is for a maximum of 10 or 23 days, depending on the plan you choose. You have the option to add days if your trip is longer than the duration you have purchased.
Multi-Trip Premium Travel Plan
This BMO travel insurance plan covers you for:
- Out-of-province or out-of-country emergency medical care
- Trip cancellation insurance
- Trip interruption/trip delay insurance
- Flight delay insurance
- Baggage and Personal Effects Insurance
You may take an unlimited number of trips per year. Coverage for these trips is for a maximum of 10 or 23 days, depending on the plan you choose. You have the option to add days if your trip lasts longer than the length of time you have purchased.
Single Trip Travel Medical Plan
This BMO travel insurance plan covers you for out-of-province or out-of-country emergency medical care
Single Trip Premium Travel Plan
This BMO travel insurance plan covers you for:
- Out-of-province or out-of-country emergency medical care
- Trip cancellation insurance
- Trip interruption/trip delay insurance
- Flight delay insurance
- Baggage and Personal Effects Insurance
Single trip – Trip Protection Plan
This BMO travel insurance plan covers you for:
- Trip cancellation insurance
- Trip interruption/trip delay insurance
- Flight delay insurance
- Baggage and Personal Effects Insurance
Here is a detailed explanation of each BMO travel insurance coverage:
Emergency Out-of-Province/Country Medical
This coverage provides coverage for emergency medical care throughout Canada (excluding your home province) and abroad, which covers up to $5 million in medical expenses.
Coverage includes:
- Air ambulance transportation
- Emergency hospitalization
- Physician's care
- Other medical expenses
Trip Cancellation Insurance
You are covered in the event that you must cancel your trip due to illness, death or any other unforeseen event. Benefits are payable from the day coverage begins until the day you are scheduled to leave on your trip.
Trip Interruption Insurance
Up to $2,000 to return home if a family member becomes ill or dies during your trip.
Flight Delay Insurance
Up to $500 per trip to cover accommodation and additional travel expenses if your flight is delayed more than 6 hours.
Baggage and Personal Effects Insurance
Up to $750 per insured (and $2,000 per trip) for loss or damage to baggage and personal effects during your trip.
All BMO Travel Insurance plans include a 24/7 travel assistance service.
NB: BMO's bank card offers (such as World Elite Mastercard, Eclipse Visa Infinite and else) may also include travel insurance coverage.
For more information on BMO travel insurance, download the PDF below:
| Plan name | Multi-Trip Travel Medical | Multi-Trip Premium Travel | Single Trip Trave Medical | Single Trip Premium Travel | Single Trip - Trip Protection |
|---|---|---|---|---|---|
| Emergency Medical | |||||
| Cancellation | |||||
| Interruption | |||||
| Delayed flight | |||||
| Baggage | |||||
| 24/7 Assistance | |||||
| Unlimited trips per year |
Good to know
Most credit cards offer some king of travel coverage. It rarely is as covering as a travel plan purchased with a private insurance company.
How much does a travel insurance with BMO cost?
The cost of travel insurance coverage with BMO depends on several variables:
- Your age.
- Your desired coverage and otpions.
- Your deductible.
- Your waiting period.
- Your destination(s).
- The lenght of your trip.
Therefore, we advise you to get a customized quote for an accurate rates for BMO travel insurance.
Before settling on BMO travel insurance, check out other travel insurance plans, coverages and prices using our free comparison tool below:
Compare the best travel insurance plans on the market!
How to purchase a travel insurance plan with BMO?
To get a BMO travel insurance quote and purchase a plan:
- By phone at 1-800-661-9060
- Online
How to file a travel insurance claim with BMO?
To make a claim for BMO Travel Insurance, you must visit the online claims portal.
This can be accessed from the "Resources" section of the BMO Travel Insurance page.
Does BMO cover Covid-19-related travelling issues?
Contracting illness from Covid-19 may be eligible for Trip Cancellation insurance benefits.
If the Government of Canada institutes a Covid-19 related travel advisory for your destination neither emergency medical related to Covid-19 nor trip cancellation are eligible for benefits.
How can I contact BMO travel insurance?
For emergency assistance contact BMO travel inusrance on th following phone number: 1-877-704-0341.
The number is toll-free from Canada ad the USA.
