Travel Insurance 

If you are attending university outside of your province of residence, consider Student Travel Insurance.

If you are travelling outside your province of residence for a trip, you should have Travel Insurance for the trip. I would suggest not even crossing the border into the US for a tank of gas without travel insurance. 

Don’t Take Your Health for Granted 

I believe every Canadian who qualifies for Critical Illness Insurance should buy it, and it is cheaper if you put it in place at a young age.  This is an extremely important coverage many overlook.  

As a student, you are going to have limited cash flow.  Consider purchasing the least expensive ten-year term critical illness coverage for a modest amount.  That should help you financially ride through a critical illness.  Alternatively, if you parents are willing to fund your CI insurance premium, consider a policy with a level premium until retirement.  

© 2016 Doug Ransom - Insurance Advisor