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BMO (Bank of Montreal) is one of the biggest, and most trusted, banks in Canada.

BMO offers single trip emergency medical coverage, trip cancellation/interruption and baggage insurance. BMO’s multi-trip policies are offered through their line of credit cards.


  • Nice range of options, allowing you to get only the insurance that you need
  • Prices get cheaper as you bundle insurance
  • No deductible


  • You must have a BMO credit card to get multi-trip insurance
  • Does not cover adventure sports like hang-gliding, bungee jumping or rock climbing. Scuba diving is covered only if you hold a basic Scuba designation for a certified school.

Single Trip Plans

BMO offers a single Travel Medical policy, which you can get alone, or bundle with their Trip Protection (which comes with trip interruption and baggage insurance, but trip cancellation is optional).

Tip for Visitors to Canada InsuranceIt’s cheaper to bundle insurance packages than get them separately. For example, we were quoted $130.30 if we purchased Travel Medical Insurance and Trip Protection with Cancellation separately, but only $99.71 if purchased together (for a two week vacation for a 42 year old traveller).

BMO’s Single Trip Policies

PlansMedical Insurance CoverageDeductibleTrip CancellationTrip InterruptionBaggage
Travel Medical2 million0
Trip Protection (No Cancellation)0$2,000 per person$750 per person
$2,000 per trip
Trip Protection (With Cancellation)0trip cost$2,000 per person$750 per person
$2,000 per trip
Travel Medical + Trip Protection
(No Cancellation)
2 million0$2,000 per person$750 per person
$2,000 per trip
Travel Medical + Trip Protection
(With Cancellation)
2 million0trip cost$2,000 per person$750 per person
$2,000 per trip

Multiple Trip Plans

BMO offers a multi-trip policy through their BMO MasterCard. BMO MasterCard Travel and Medical Protection. You must have a BMO MasterCard, and can add on different levels of coverage for $29-$99 per year.

How Travel Insurance on Canadian Credit Cards Compares

Credit CardAnnual FeeLength of Trips AllowedEmergency Medical CoverageTrip CancellationTrip InterruptionInterest Rate (Purchases)
ScotiaGold PassPort Visa$9931$1 million$2,500 per person ($10,000 per account)$2,500 ($10,000 per account)19.99%
BMO World Elite MasterCard$15021$2 million$5,000$2,00020.5%
RBC Rewards Visa Preferred $12031$500,000$2,500$2,50019.99%
CIBC Aerogold Visa Infinite Card $11015$5 million$2,00019.99%


You can only get a full refund if you call and cancel your insurance before you’re scheduled to leave on your trip. This policy may give a partial refund if you have to return early due to medical reasons, but you must apply in writing.

You Need to Know

  • BMO’s travel insurance is underwritten by Allianz Global Risks US Insurance Company – Canadian Branch (Allianz)
  • You must be a Canadian citizen, and have a Canadian government health insurance plan
  • You must get insurance before you leave on your trip. World Nomads is the only insurance company we’ve found that will let you get travel insurance after you’ve left on vacation.
  • Pre-existing conditions may be covered if they’re stable for a specific amount of time before the policy is effective. Coverage for pre-existing conditions depends on your age, the specific condition, and your answers to their health questionnaire.
  • Policies and coverage can change at any time, without warning. This article is only intended as general advice. Please check your own policy carefully.

How To Learn more

You can learn more online through BMO.

Want to Compare BMO’s Rates?

The easiest way to compare Canadian travel insurance rates is to use a comparison website.

Comparison websites, like, let you compare quotes for travel insurance from several different companies at once. You type in a few details about your trip, and compare policy coverage and prices to help narrow down your choice. Check out our review of

By: Kanetix Travel Insurance

*As always, the information on this page is from one Canadian traveller to another. We have spent years abroad and have gotten to know the ins and outs of the industry however we are not travel insurance agents. If you have any travel insurance questions, please talk to a qualified travel insurance agent or broker. Finally, policies and plans can and do change all the time, without warning, so always consult your insurance policy since that is the legal document to which you are agreeing to.
*This article is only intended as general advice. Please check your own policy carefully.

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