MOST CANADIANS DON'T BUY TRAVEL INSURANCE

Jul 05, 2012

By Jane Brown

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Zoomers love to travel.  But a new survey suggests only 50 percent of Canadians know they are mainly responsible for any medical costs when outside the country.

A BMO insurance survey also found some Canadians don’t understand that their provincial health insurance doesn’t automatically provide coverage for all medical costs even for travel in other provinces and territories.

And that’s a concern because the survey found that six in 10 Canadians don’t regularly buy travel insurance.

The survey found the cost of treating a broken leg in the U-S for instance … can run up to 20-thousand dollars.

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