Should you buy travel insurance? In a word — yes! Travel insurance isn't a scam. For a very small price, you can avoid paying for very costly mishaps. Bad things can happen and they can happen to you. Sometimes the most expensive emergencies are the ones that happen before you even leave for your trip.

What happens if you get really sick before you leave? Or worse, what if Great-Aunt Eunice dies? Those deposits you've paid to your travel agent are non-refundable. That's where cancellation insurance comes in.

Medical insurance covers sickness or injury during your trip. Yes, you have some protection with your provincial coverage, but it's not comprehensive and can lapse if you've been out of Canada for a while. So you're looking for coverage that fills in the gaps. Make sure you understand clearly what policy covers what. How much do you need? Talk to your travel agent. ISIC holders (that card again!) have a basic policy for sickness or accidents. Make sure you have enough before you go abroad. Are you covered for spectacularly expensive things like an emergency operation or a medically escorted flight home? What about crutches or an x-ray?

Baggage insurance is also a great idea. Now you're covered if your stuff is damaged, lost or stolen. Know in advance what actions can render an insurance policy null and void. Sad but true. Also, be positive you understand what procedures must be followed and how. Will your policy pay up front for treatment or reimburse you after you get home?

Often insurance policies are cheaper to obtain through a travel agent than through an insurance company. Travel CUTS wraps up peace of mind for travellers with its exclusive Bon Voyage™ travel insurance. Bon Voyage™ provides comprehensive coverage and is extremely affordable for student and budget travellers alike.