Only 40% of Canadians traveling this summer will embark on their trips with travel insurance, according to a recent survey by RBC Insurance.
The survey found that while 79% of Canadians said they were planning to travel this year, more than half (53%) of Canadians traveling within Canada, but outside of their home province, were not likely to purchase travel insurance for their trip.
Nearly half (46%) of those said they don’t need it, as they are already covered by their provincial health care plan and 39% said they already have travel insurance through their credit card or group benefits plan.
For those planning to travel internationally this year, 75% indicated they would purchase travel insurance for their trip. A majority (61%) of those not likely to buy travel insurance for international trips say they’re already covered through their credit card or group benefits plan while 15% are willing to take their chances for a smooth trip.
Helping Canadian travel agents understand and sell travel insurance will be a topic at this year’s Travel MarketPlace, Toronto, June 13-14.