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Many Canadians Take Too Many Extra Risks When Traveling
In 2009, CBC News reported that Canadians made nearly 40 million day trips or overnight excursions to the US.1 This number does not include the number of travelers going abroad for vacations or business functions.
In 2012, the Toronto Sun reported that 6 in 10 people2 do not arrange for travel insurance coverage when leaving the country.
Why Buy Travel Insurance?
Nearly everyone insures their vehicles, homes and life in the event of an accident, natural disaster or fire. So why are Canadians reluctant to buy travel insurance for the same reasons?
Traveling without insurance is a risky venture and Canadians pay tens of millions of dollars each year for unexpected injuries or illnesses that require out-of-country hospital care; even if only for a day trip.
Some think it is unnecessary; especially younger people who are generally in very good physical health. Others simply cannot justify the cost….that is, until they experience a problem when they are traveling.
Here are a few reasons that you should invest in travel insurance:
Travel Insurance Providers
Various institutions can provide travel insurance that is based on the length of travel, age and pre-existing medical conditions.
Travel agents, insurance brokers and credit card companies offer insurance but it is important that you understand the terms and conditions and any exclusions that the policy may carry.
A few of the many questions to ask are:
Single and multi-trip policies as well as annual premiums are available. And if you are flying abroad, most plans also cover trip cancellation, loss or damage of luggage, flight and travel accidents.
Enjoy peace of mind with travel insurance for you and your whole family. Don’t risk the trip without coverage.
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