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Heading south for a few days?


August 22, 2007

Canadians taking risks when they don't pack travel insurance

(NC)-One in Four Canadians don't think they need to purchase travel insurance for trips to the U.S.
 
According to Statistics Canada reports, there has been an increase in Canadians travelling to the U.S. since 2006. But when it comes to short border trips, many travellers never think of insurance. A recent survey by RBC Insurance/Ipsos Reid found only four out of 10 Canadians (41 per cent) purchase travel insurance for trips to the U.S. all the time.
 
"With the Canadian dollar reaching a 30-year high, it's becoming increasingly more affordable for Canadians to travel to the U.S. for quick shopping trips and short getaways," said Stan Seggie, president & CEO of the travel insurance division of RBC Insurance. "Even though these short trips are often planned at the last minute, it's important to protect against the unexpected with travel insurance."
 
Most people never worry about having a medical emergency while on a short getaway and may not know medical assistance in the U.S. can be very expensive, as a two-day hospital stay could cost over $10,000.
 
Government health insurance plans typically do not cover all out-of-country expenses and credit card and employer plans may have limits, so it's important to make sure you have additional travel insurance to fill in the gaps.
 
Next time you're making travel arrangements, ask for RBC Insurance Company of Canada. You can also get a quote online at www.rbcroyalbank.com/travel, call 1-800-565-3129 or visit your local RBC branch.

Source:News Canada





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