The cost of travel is on the rise, but that isn’t stopping most Canadians from planning a vacation.
Based on a survey of over 2,000 adults, more are feeling optimistic about travel and many are getting creative for their trips this year.
Top travel-related incident concerns shared by the 43% of Canadians who don’t purchase travel insurance
Canadians estimate that the average cost of an overnight stay in an emergency room in the U.S. would be approximately $4,500.
Younger groups are more likely to estimate the cost being lower with Gen Z at $3,500 and Millennials at $4,000.
Actual medical bills could be double these figures depending on your destination.
Disruptions continue after last year’s turbulent return to travel, especially for younger travellers.
31% of all travellers report experiencing an airline cancelling or changing a flight.
This can result in unexpected hotel charges and additional food or transportation requirements, all of which can add up quickly.
36% of Canadians agree that there is a risk of having to replace lost or damage luggage if not insured.
In reality, 47% of respondents have actually experienced this issue while travelling in the past.
Luggage sets routinely cost hundreds of dollars, not to mention the value of the items inside them.
50% of all travellers and 62% of younger travellers report taking a vacation on their own
39% stayed closer to home or in their province, typically a lower cost experience
29% of working Canadians have either relocated or are planning to relocate
Canadians are eager to travel and are finding creative and cost-efficient ways to relax and recharge.
Making the right choice for your travel coverage is important.
Here are some key considerations for choosing the right travel insurance for your trip.
