Travel insurance that covers medical emergencies, trip cancellations and interruptions is highly recommended; especially for seniors. A medical emergency in a foreign country is not covered by your provincial health insurance; a hospital stay can easily cost $100,000 or more. If you do get sick and can’t travel home from your destination, trip interruption insurance will cover your costs while you recover. If you become ill before you travel, trip cancellation insurance will reimburse travel costs. Travel insurance buys peace of mind. If you travel several times a year, you may want to consider annual travel insurance.