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Wednesday,  April 17, 2024 6:20 PM 

CAA survey reveals lack of travel insurance preparedness in Ontario

  • Buzz
  •   02-26-2024  1:13 pm
  •   Pax Global Media

CAA survey reveals lack of travel insurance preparedness in Ontario
(Shutterstock/William Potter)
Pax Global Media

A recent member survey conducted by CAA South Central Ontario (CAA SCO) has unveiled concerning statistics regarding the lack of travel insurance awareness and preparedness. 

Despite the financial risks associated with travelling unprotected, the survey found that 40 per cent of members in Ontario who travel don't always purchase emergency medical travel insurance.

"In a world of uncertainties, our survey highlights a critical gap in travel preparedness among Ontarians," said Kaitlynn Furse, director of corporate communications at CAA SCO, in a news release.

The survey was an online quantitative survey done with the CAA Members Matter Panel in Ontario from Sept. 22-29, 2023.

The study found that almost a quarter of respondents (23 per cent) ventured on their last trip outside the province without any form of travel insurance, exposing themselves to potential financial burdens in case of emergencies.

Additionally, 33 per cent of people who travel with travel insurance relied on the coverage provided by their credit cards, raising concerns about coverage limitations, especially for those over 65.

CAA Travel Wise Week

In response to their findings, CAA SCO has launched its inaugural CAA Travel Wise Week to emphasize the crucial importance of travel insurance education.

The campaign aims to inform and educate Ontarians on the risks associated with inadequate coverage and provide valuable insights into securing appropriate protection for their travel adventures, the company says.

According to claims data from Orion Travel Insurance, the average cost of a medical claim has increased by 14 per cent since 2019.  

"Costs associated with everything from an ear infection to the use of an air ambulance have risen over the last few years due to medical inflation, underscoring the continued importance of travel insurance for life's unexpected complications," said Furse.

As part of CAA Travel Wise Week, CAA SCO has curated a list of the top ten tips to help individuals stay protected against common travel concerns.

The tips advise customers to check that their passports are up to date, review travel advisories for countries ahead of time to, yes, purchase travel insurance ahead of time, among other things. 

For more information, click here

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