Making sure you have the right travel insurance coverage is a very
important part of planning your vacation. When you’re travelling, even
a minor accident or sickness can become a major expense and
inconvenience.
Insurance
Travel Insurance:
Ensure you have the protection you need before you leave.
Making sure you have the right travel insurance coverage is a very
important part of planning your vacation. When you’re travelling, even
a minor accident or sickness can become a major expense and
inconvenience.
Whether your plans include a trip outside
your home province, to the U.S. or to
another continent, having a policy in place
that speaks to your specific travel needs
will go a long way toward ensuring you
enjoy your time away.
Charting what can be a confusing course.
If you’re a little uncertain about the need
for travel insurance, you’re not alone. In
fact, according to an Ipsos-Reid study
conducted for RBC Insurance?, while
most (84%) Canadians agree that
purchasing travel insurance is worth the
cost to have peace of mind on their
vacation, just over half (60%) of people
who travelled outside Canada or to the
U.S. in the past three years actually
purchased travel insurance.
“My credit card covers me.?BR>“My group benefits plan comes with
travel insurance.?BR>When it comes to travel insurance in
Canada, there are a lot of misconceptions.
It’s really not all that surprising. With so
many credit cards and employee benefit
plans offering some form of travel
insurance protection, determining
whether you have the right coverage in
place ?or enough of it ?can be confusing.
For the answers, you may wish to review
any existing coverage that you currently
have through credit cards or employee
benefit plans. From there, you can
determine if that coverage needs to be
supplemented.
“I’m covered by my provincial and/or
employee health plans when I travel
outside of Canada.?BR>One fifth (20%) of Canadians believe that
100% of their medical expenses would be
covered if they had a medical emergency.
The reality is that when you leave Canada
you’re leaving up to an average of 90% of
your government health insurance plan
behind!
Government health insurance plans
typically cover only a limited portion of
medical costs once you leave your home
province or territory. So whether you’re
travelling out of the country, or just out of .....
Tony Liu
RBC Life Insurance Company
2075 Kennedy Rd Suite 600
Scarborough, ON M1T 3V3
Cel: 416-831-8898
Tel: 416-289-5661
Fax: 416-289-4177
tonyz.liu@gmail.com