Travel insurance purchased by only half of vacationers

Medical Travel Insurance
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The results of a recent study have shown that travelers are not purchasing medical coverage before they leave. According to the results of a recent study on summer vacations, only half of Canadians who head out of the country during the summer purchase travel insurance to cover themselves in case of a medical emergency. This includes those who are headed to the United States or abroad on their vacations. The travel insurance study was conducted by BMO Insurance. What it determined was that among the 83 percent of Canadians who…

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Travel insurance purchased by only half of Canadians

Travel Insurance

A new study has shown that only about fifty percent of travelers from the country buy a policy. A new study conducted by BMO has just revealed that while 83 percent of Canadians plan to go away on vacation at some point between May and October 2013, only half have intentions to purchase travel insurance to cover them while they are not at home. The survey examined a number of different habits of Canadians while they are away from home. For example, the average Canadian traveler intends to spend $3,073…

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Travel insurance is not a priority to most Canadians

Travel Insurance

Study shows that travelers from Canada do not purchase coverage. The results from recent research has shown that while Canadians are avid travelers – particularly abroad – they do not typically buy travel insurance to protect themselves while they are on their trips. Six out of every ten Canadian travelers are not insured before leaving the country. The survey, which was performed by BMO Insurance and which was entitled the Summer Travel Insurance Study, indicated that over 67 percent of Canadians had travelled within the last year to destinations in…

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