Is Scotiabank travel insurance the best in 2024?

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Alexandre Desoutter updated on 4 July 2023

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 Scotiabank travel insurance in Canana? What coverage is Scotiabank providing? For what price? What are its pros and cons? Read our review on Scotiabank's medical travel insurance, get a quote, and see how the competitors fare.

Our 2024 review of Scotiabank travel insurance

Scotiabank is a Canadian multinational banking and financial services company and one of Canada's largest banks. Scotiabank offers a wide variety of travel insurance packages.

See below Scotiabank's travel insurance pros and cons:

Why Scotiabank could be right for you:

50% discount for travellers remaining in Canada
Easy to use online application
Range of single trip and multi-trip plans
Up to $10 million coverage for medical emergencies
Travels insurance plans specifically curated for seniors' needs.

Why Scotiabank may not be right for you:

Must be a Scotiabank customer. Non-members can shop similar coverage from Scotia Life Financial.
Travel within Canada plans available to Quebec residents

Before choosing Scotiabank 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!

Get a quote

What does Scotiabank travel insurance cover?

The Scotiabank travel insurance plan is known for its extensive coverage of up to $10 million in emergency medical insurance for travelling Canadians. It provides insurance coverage that fits based on your budget and travel type. They also offer coverage in case of stolen, damaged or lost belongings. Here are the major deals with Scotiabank:

Traveling Canadians

With this plan, traveling Canadians have up to $10 million for emergency medical insurance. This plan also offers coverage for trip cancellation and interruptions. In addition, there is also baggage protection coverage against loss, damage or theft – this is maxed out at $1,000 for Single Trips, and $3,000 for Multi-Trips.

Student Plan

Students are well provided for with $2 million coverage for emergency medical insurance. Both Canadian and international students studying in Canada are covered by this student plan.

Scotia Bank also offers several credit cars with included travel insurances packages, such as: Visa infinite, Visa momentum, Amex Gold, etc.

Scotiabank offers both out-of-province and domestic coverage for travellers.

They provide additional medical coverage for domestic or internal travels as well.

Scotiabank offers standard coverage for visitors to Canada. This coverage caters for medical expenses, emergencies and interruptions.

Scotiabank offers up to $2 million in emergency medical insurance for students studying abroad or within Canada. It offers the perfect coverage for international students.

Plan nameTraveling CanadiansStudent Plan
Emergency Medical
up to $10 millionup to $2 million
Baggage
up to $3,000
Cancellation
Interruption
Covid-19
Comparison of Scotiabank travel insurance

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 Scotiabank cost?

The cost of travel insurance coverage with Scotiabank 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 Scotiabank travel insurance.

Before settling on Scotiabank 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!

Get a quote

How to purchase a travel insurance plan with Scotiabank?

Call Scotia's travel insurance's phone number 1-800-472-6842 to get a quote and purchase any of the Scotiabank travel insurance packages.

How to file a travel insurance claim with Scotiabank?

With Scotiabank travel insurance, you can file directly on the website or call the toll-free number: 1-800-472-6842.

Scotiabank travel insurance claim form

Does Scotiabank cover Covid-19-related travelling issues?

Scotiabank offers coverage for COVID-19 related emergencies.

There are benefits payable as a result of COVID-19 related interruptions to travel plans.

How can I contact Scotiabank travel insurance?

Scotiabank Insurance's customer service can be contacted via their website or by calling the toll-free phone number: 1-800-472-6842

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Alexandre Desoutter
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Alexandre Desoutter has been working as editor-in-chief and head of press relations at HelloSafe since June 2020. A graduate of Sciences Po Grenoble, he worked as a journalist for several years in French media, and continues to collaborate as a as a contributor to several publications.