Are Canadians buying the right travel insurance?
(NC) The fall and winter months mark the annual migration of Canadian snowbirds to warmer climes. When you plan your seasonal getaway, don't make insurance an afterthought. RSA, one of the country's leading travel insurance providers, offers some advice for travellers, so you never miss a chance to make the most of your winter away from home.A recent survey by RSA of more than 2,400 Canadian travellers found that 68 per cent recognize that their current travel insurance coverage may not provide them with adequate protection.“Never overlook the importance of having the right insurance when you head south for the winter,” says Erin Finn, director of underwriting with RSA Travel Insurance. “You might assume that coverage provided by your credit card or a group insurance plan is all you require, but depending on your destination, your duration of stay, your health status and other factors, you may need to supplement it to ensure you're properly protected.”
Furthermore, people aren't always purchasing the travel insurance that makes the most sense for them. Increasing numbers of Canadians are travelling more frequently, either outside the country or their home province. Despite that, some still buy one-off travel insurance policies. Close to two-thirds of those surveyed by RSA didn't purchase a multi-trip annual travel insurance plan.
Why? One reason is that many don't even know multi-trip annual plans are an option. RSA's survey found one-third of Canadians who travel aren't aware that annual plans are available.
So how can you ensure you have the right coverage? RSA reminds people to talk to an experienced travel insurance broker who can help guide you on coverage options suited to your needs. Here are some other tips to consider before you embark:
• Take some time to read and understand your policy, including coverage and any exclusions that may apply.
• Look into multi-trip annual plans that cover you for an unlimited number of trips up to a specified duration to cover all your travel during the year. You can avoid the extra cost and hassle of buying a policy every time you take a trip.
• Emergency medical coverage is a must. But, you should also consider trip cancellation / interruption coverage. Without it, a cancelled flight or an unexpected return home in the middle of your holiday can result in significant out-of-pocket expense.
• Make sure that, in the event that you need claims service or travel assistance, it is accessible from anywhere in the world, any time of day or night.
• Do not forget to pack your insurance wallet card and keep it handy, so you know who to call in case of an emergency or claim.
For more information, talk to your broker or visit www.rsatravelinsurance.com.
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