CIBC Travel Insurance Review 2024
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Discover the methodologyCIBC travel insurance offers 4 comprehensive plans to suit the various needs of Canadian travellers. With up to $10 million in emergency medical coverage, you can choose from a travel medical insurance plan, an extensive trip cancellation and interruption plan, or a comprehensive plan that covers all your travel issues. There's also a standalone COVID-19 plan to offer specialized assistance. All plans come with 24*7 assistance no matter where you are. But is CIBC right for you?
Let's explore all you need to know about CIBC travel insurance in this review: What does it cover? What does it cost? What are its pros and cons? Do you get CIBC travel insurance credit card coverage? How to get a quote? Find answers to all this so you can decide if it's the best choice for you.
CIBC Travel Insurance: 5 Key Points
- CIBC offers 4 travel insurance plans to suit everyone's needs.
- You get 24/7 travel assistance worldwide.
- You can purchase travel insurance online on the CIBC website.
- CIBC does not offer travel insurance for snowbirds or students.
- CIBC travel insurance typically costs between $40 and $120 depending on the profile, plan.
Our review of CIBC travel insurance
CIBC's travel insurance offers robust and diverse coverage tailored to different traveller profiles with its four plans: a travel medical insurance plan, a Trip Cancellation & Trip Interruption Enhanced Plan, a comprehensive travel insurance plan, and a medical insurance + COVID-19 assistance plan.
The CIBC travel insurance coverage for medical expenses is particularly high, reaching up to $10 million, making it one of the best on the market, surpassing offerings like those from Blue Cross Travel Insurance and CAA, which cap at $5 million.
Additionally, emergency medical coverage related to COVID-19 can go up to $1 million. The insurance also covers trip cancellations and interruptions up to $50,000 before departure, baggage and personal effects up to $2,000, and accidental death or dismemberment up to $10,000.
You can also get a free quote and subscribe online, simplifying the subscription process. Furthermore, travel assistance is available by phone 24/7, ensuring constant support in case of an emergency.
However, CIBC does not have tailor-made plans for students like Scotiabank Travel Insurance which has special plans for both international students and Canadian students. Among the drawbacks also includes its lack of plans for Snowbirds.
Expert advice
CIBC travel insurance is particularly suitable for frequent travellers, families, and those seeking comprehensive and extensive protection, especially due to its high limits for medical expenses and trip cancellations. Travelers concerned about the impacts of COVID-19 will appreciate the specific coverage for emergency medical care related to this disease.
Pros of CIBC Travel Insurance
- Travel medical coverage of up to $10 million
- Four different plans
- Emergency medical care related to COVID-19 up to $1 million
- Trip cancellation and interruption up to $50,000
- Baggage and personal effects up to $2,000
- Accidental death or dismemberment up to $10,000
- You can get free quotes online and even purchase it on the website
- 24/7 travel assistance is available
- Instant support for claims or quotes over the CIBC travel insurance phone number
- CIBC Travel Insurance is administered by Allianz Global Assistance ensuring reliability and is backed by years of expertise
Cons of CIBC Travel Insurance
- Premiums can be high, especially for maximum coverage options
- Some travellers, particularly seniors and those with pre-existing medical conditions, need to fill out medical questionnaires
- CIBC does not offer travel insurance for snowbirds or students
Before choosing CIBC travel insurance, compare options and quotes. A little shopping around can help you to save money and find coverage that fits your needs. Use our free tool below to compare travel insurance quotes from the best providers.
Compare the best travel insurance plans on the market!
What does CIBC travel insurance cover?
CIBC travel insurance offers various plans tailored to your travel profile, destination, and trip duration. Below, find details of the different travel insurance options provided by CIBC:
| Plan Type | Coverage | Coverage Amount |
|---|---|---|
| Travel Medical Insurance | Medical emergencies including hospital and physician bills, paramedical services, dental treatment for accidental injuries |
Up to $10 million Up to $4,000 for emergency dental |
| Trip Cancellation & Interruption Enhanced Plan | Trip cancellations and interruptions due to covered reasons |
Up to $50,000 for trip cancellation/interruption up to $2,000 for baggage and personal effects |
| Comprehensive Travel Insurance Plan | Combination of medical insurance, trip cancellation and interruption, baggage and personal effects, accidental death and dismemberment insurance |
Up to $10 million (medical) up to $50,000 (trip cancellation/interruption) up to $2,000 (baggage and personal effects) up to $10,000 (accidental death and dismemberment) |
| COVID-19 Insurance and Assistance Plan | COVID-19-related medical treatment and quarantine expenses |
Up to $1 million (medical) up to $150 per day for quarantine expenses (max $2,100) |
CIBC Travel Medical Insurance
- Emergency Medical Coverage: Provides up to $10 million for emergency medical expenses when travelling outside your province or territory. This includes:
- Hospital and Physician Bills: Coverage for eligible hospital and doctor’s expenses resulting from an accidental injury, new illness, or disease.
- Paramedical Services: Includes services from a chiropractor, chiropodist, or physiotherapist up to $500 if required due to a covered emergency.
- Dental Treatment: Up to $4,000 coverage for dental treatment as a result of an accidental blow to the mouth.
- Transportation: Covers costs for transportation back home or to the nearest appropriate medical facility by regular flight, medically escorted flight, air ambulance, or ground ambulance.
- Return Home for Dependents: Provides a round-trip economy airfare for a relative to your bedside if hospitalized due to a critical emergency, and covers return home for dependent children or a traveling companion.
Good to know
You have both single-trip and multi-trip options with CIBC travel insurance coverage.
- Single Trip Plan: Coverage for one specific trip, ideal for occasional travellers.
- Multi-Trip Annual Plan: Provides coverage for multiple trips over a year, more economical for frequent travellers, with options for single and family coverage. Multiple travellers under this plan don’t need to travel together to be covered.
- Extended Coverage Options: Allows for extended coverage if you’re away longer than originally planned, with plans covering up to 8 or 18 days per trip.
CIBC Trip Cancellation & Trip Interruption Enhanced Plan
- Trip Cancellation and Interruption Insurance: Up to $50,000 coverage if you are forced to cancel or interrupt your trip due to covered reasons such as medical emergencies or transportation delays beyond your control. This includes:
- Non-refundable Prepaid Costs: Coverage for eligible non-refundable, prepaid travel costs if you need to cancel or interrupt your trip.
- Transportation Delays: Coverage for expenses incurred due to transportation delays causing missed connections or inability to continue your trip.
CIBC Comprehensive Travel Insurance Plan
- Travel Medical Insurance: Up to $10 million coverage for unexpected medical emergencies when travelling.
- Trip Cancellation and Interruption Insurance: Up to $50,000 coverage for eligible non-refundable prepaid travel costs if you need to cancel or interrupt your trip.
- Baggage and Personal Effects Insurance: Up to $2,000 coverage for replacing your baggage and personal items if they are delayed, damaged, or lost while travelling.
- Accidental Death and Dismemberment Insurance: Up to $10,000 coverage in the event of death or loss of limb or sight due to an accident.
For more information on CIBC travel insurance plans, download the PDF below:
CIBC Travel Medical Insurance — COVID-19 Insurance and Assistance Plan
- Emergency Medical Coverage: Up to $1 million for emergency medical treatment related to COVID-19 if you test positive while on your trip.
- Quarantine Expenses: Up to $150 per day, to a maximum of $2,100, for meals and accommodation if you need to quarantine due to a positive COVID-19 test.
- Transportation: Covers expenses to transport you to the nearest appropriate medical facility or back to a Canadian hospital if you test positive for COVID-19.
- Return of Travel Companion: Covers expenses to transport a travel companion and dependent children back home if you are quarantined, hospitalized, or repatriated.
- In Case of Death: Covers preparation and transportation of remains to your province or territory of residence or burial at the place of death.
Good to know
CIBC does not offer special plans for students but travel insurance is essential for universities in Canada and abroad. Check out our guide on travel insurance for students, how it works, and the best plans.
What does CIBC travel insurance credit card cover?
Most CIBC credit cards include some extent of travel insurance coverage based on the level of the card. For example, here are the details on the coverage included in the Visa Infinite CIBC travel insurance:
Aventura CIBC travel insurance
The CIBC Aventura Visa Infinite card offers a range of travel coverages, making it a robust choice for travellers. Here are the key insurance benefits included with this card:
- Out-of-Province Emergency Medical Insurance: Up to $5 million coverage for medical emergencies outside your home province for the first 15 days (under 65) or 3 days (65 and older).
- Trip Cancellation Insurance: Up to $2,000 per insured.
- Trip Interruption Insurance: Up to $5,000 per insured person.
- Baggage Loss/Theft/Damage Insurance: Up to $1,000.
- Baggage Delay Insurance: Up to $500 for baggage delayed over six hours.
- Flight Delay Insurance: Up to $500 for expenses due to flight delays over 4 hours.
- Hotel or Motel Burglary Insurance: Up to $2,500.
- Auto Rental Collision/Loss Damage Insurance: Covers damages/theft of rental cars for up to 48 days.
- Purchase Security Insurance: Protects new purchases against theft or damage for 90 days.
- Extended Warranty Insurance: Extends manufacturer’s warranty by up to one additional year.
- Common Carrier Accident Insurance: Up to $500,000 for accidental death/dismemberment while travelling on a common carrier.
Good to know
Most credit cards have some kind of travel coverage. Use our free tool HelloCard to instantly find out the credit card travel insurance and other benefits that are included in your card.
How much does travel insurance with CIBC cost?
| Traveler Profile | CIBC Travel Insurance Cost |
|---|---|
| For a 21-year-old travelling to Cancun | |
| Single Trip Insurance Cost | $51.15 |
| Annual Multi-Trip Insurance Cost | $86.29 |
| For a family travelling to Nova Scotia | |
| Single Trip Insurance Cost | $47.74 |
| Annual Multi-Trip Insurance Cost (8 days) | $114.56 |
The above costs are sample quotes and the price of travel insurance coverage depends on several variables:
- Your age.
- Your desired coverage and options.
- Your deductible.
- Your waiting period.
- Your destination(s).
- The length of your trip.
Therefore, we advise you to get a customized quote.
Before settling on CIBC 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!
Does my CIBC Costco Mastercard offer travel insurance?
No, there is no Costco CIBC travel insurance coverage with this card. You can use our free HelloCard tool to check the benefits included in this card or others. You get instant results and you can also compare the coverage offered by various credit cards.
How to buy a travel insurance plan with CIBC?
To get a CIBC travel insurance quote online and buy the policy in less than two minutes:
- Visit the CIBC website and click on "Get a Quote."
- You will be redirected to the CIBC-Allianz travel portal.
- Enter basic details about your coverage needs.
- Complete the payment process.
- Receive your policy online in less than two minutes.
Get a Quote by Phone:
- Call a licensed insurance agent at 1-800-281-9109.
Purchase Additional Days of Coverage:
- If you need to extend an existing travel insurance plan (e.g., CIBC credit card coverage), call 1-800-281-9109 between 9 am and 5 pm from Monday to Friday.
How to file a CIBC travel insurance claim?
To file a travel claim with CIBC, follow these steps depending on the type of claim:
- For Medical Claims: Contact Allianz Global Assistance at 1-800-281-9109 from Canada. From all other locations, call collect 1-416-340-6524.
- For Other Claims: Visit the Allianz Global Assistance online claims portal.
How do I contact CIBC travel insurance?
Here are the details for CIBC travel insurance contact:
| Method of Communication | CIBC Contact Information |
|---|---|
| Phone | 1-800-281-9109 |
| Website | cibc.com |
| In Person | Visit your local CIBC branch |
Is there CIBC travel insurance for seniors?
Yes, there is CIBC travel insurance for seniors. While there are no specific plans for seniors, CIBC plans are designed to include the needs of senior travellers. However, if you are aged 60 or over, you will need to answer some questions about your medical history to determine applicable premium rates, as well as any pre-existing condition limitations and exclusions.
