Is CIBC travel insurance the best for you?

James Rodriguez James Rodriguez  updated on 2022-01-26

Visiting another country or province without travel insurance can be a costly mistake. If you need emergency medical attention while away you need a plan to pay for it.

Did you know that an overnight stay in a hospital in the United States can exceed $14,000 CAD? What about the fact that some countries might even refuse service to 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 that, it can help make you whole should something go wrong with your flight or you lose a bag. 

This page answers your questions about CIBC travel insurance. Read our review, get CIBC travel insurance quotes and see how the competitors fare. 

Our review of CIBC travel insurance:

CIBC (Canadian Imperial Bank of Commerce) is a Canadian multinational banking and financial services company. Protect yourself and your family when you travel outside your province or abroad by choosing one of CIBC's travel insurance plans. CIBC travel insurance is underwritten by Co-operators Life Insurance Company and The Sovereign General Insurance Company.

Continue below for CIBC travel insurance pros and cons:

Why CIBC could be right for you:

A trusted insurance brand
Up to $10 million in emergency medical coverage
Generous dental coverage
24/7 telephone travel assistance, wherever you are
Online quote and purchase available

Why CIBC may not be right for you:

Medical questionnaire for customers over 60
No specific coverage for snowbirds or students
Must notify the company prior to receiving any medical treatment

Compare quotes and options before choosing travel insurance with CIBC. A little shopping around can help you to save money and find the coverage that fits your needs.

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What does CIBC travel insurance cover?

CIBC Travel Medical Insurance

With the Travel Medical Insurance plan, you are covered for the following:

Medical and dental care
You are covered for eligible hospital and physician fees, and expenses related to an accidental injury or new illness.
Your coverage also includes paramedical services including chiropractic, podiatry and physiotherapy up to a maximum of $500 if these services are required due to an emergency for which you are covered.
Finally, you are covered for dental care up to a maximum of $4,000 if it is required due to an eligible direct accidental blow to the mouth.

Transportation
CIBC covers you for the cost of repatriation to the nearest appropriate home or medical facility by scheduled flight, escorted flight, air ambulance or ground ambulance.
Repatriation costs for your insured dependent children or travelling companion who are travelling with you are also covered.
You are also covered for round-trip economy airfare by the most direct route for a family member to travel to your bedside if you are hospitalized due to a serious emergency.

Convenience and comfort
CIBC Travel Medical Insurance covers your meals and accommodation expenses up to $300 per day to a maximum of $1,000 when your trip is extended beyond your scheduled return date due to a medical emergency or death.
Coverage is extended for up to 72 hours if your trip must be extended beyond your coverage end date due to a medical emergency or any other event for which you are covered.
Trip interruption allows you to return to your home province or territory once without cancelling your coverage.

CIBC Trip Cancellation & Trip Interruption Enhanced Plan

Travel Cancellation & Interruption Insurance provides coverage for the following:

Trip Cancellation and Interruption Insurance
If you have to cancel or interrupt your trip for a covered reason, your eligible, non-refundable prepaid travel expenses will be covered, up to the amount of coverage purchased (maximum of $50,000 per person before departure).

Baggage and Personal Effects Insurance
You are covered for the cost of replacing your baggage and personal effects if they are delayed, damaged or lost during a trip.

Accidental Death and Dismemberment Insurance
This coverage provides a lump sum payment to you in the event that your baggage and personal effects are delayed, damaged or lost during your trip.
This coverage provides a lump sum payment in the event of death or loss of limb or sight due to an accident.

CIBC Comprehensive Travel Insurance Plan

Comprehensive Travel Insurance covers you for the following:

Travel Medical Insurance
You get up to $10 million in coverage that will protect you and your family from unexpected medical emergencies when you travel.

Trip Cancellation and Interruption Insurance
If you have to cancel or interrupt your trip for a covered reason, your eligible, non-refundable prepaid travel expenses will be covered, up to the amount of coverage purchased (maximum of $50,000 per person before departure).

Baggage & Personal Effects Insurance
Baggage & Personal Effects Insurance covers the cost of replacing your baggage and personal effects if they are delayed, damaged or lost during a trip.

Accidental Death and Dismemberment Insurance
A lump sum payment is provided in the event of death or loss of limb or sight due to an accident.

For more information on CIBC travel insurance see:

Plan nameTravel Medical InsuranceComprehensive Travel InsuranceTrip Cancellation & Trip Interruption Enhanced
Emergency Medicalup to $10 millionup to $10 million
Baggage up to $2,000up to $2,000
Cancellation and Interruption up to $50,000up to $50,000
Covid-19
Comparison of CIBC travel insurance

For more information about how travel insurance and to learn about other top insurer read HelloSafe's guide to travel insurance.

How much does a policy with CIBC cost?

The price of travel insurance coverage with CIBC depends on your age, desired coverage and the destination and the length of your trip. Therefore it will be important to get an individual quote customized for your unique needs. 

Before settling on CIBC travel insurance shop around! You can quickly and anonymously compare prices from leading travel insurance companies using our tool:

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How do I purchase a plan with CIBC?

To get quote for travel insurance with CIBC, you can click on a button on the CIBC travel insurance overview page. You will then be redirected to a dedicated website.

How can I reach CIBC by telephone?

For emergencies
By phone: 1-800-281-9109 (Canada and USA)
By phone: +1-416-340-6524 (Worldwide)

How do I file a claim with CIBC?

To make a claim on CIBC travel insurance, there are different scenarios.

  • For a medical claim, you should contact Allianz Global Assistance at 1-800-281-9109.
  • For all other claims, you should visit the Allianz Global Assistance online claims portal.

Does CIBC travel insurance cover Covid-19?

If you purchased your CIBC travel insurance on or after March 13, 2020, your trip cancellation and interuption coverage does not cover COVID-19 related claims.

Emergency medical claims are covered as long as the destination travel country is not under an "avoid non-essential travel" or "avoid all travel" advisory before your travel date.