Canadians aren’t planning for travel insurance

Only 26% of Gen Y list travel insurance as one of the items they’d definitely pack when travelling, finds an RBC Insurance survey. Instead, young travellers are more likely to remember to bring items such as their electronic devices (69%) and medication (38%).

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Further, 43% of Canadian travellers have experienced at least one unwanted travelling scenario while on vacation, with 16% finding themselves in the lost luggage office and 15% having to make a stop at a local hospital or doctor’s office.

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Here are some tips for travellers.

• Keep a photocopy of your passport, insurance policy and all other important documents in a safe place that’s separate from the originals.
• Provide family and friends with a copy of your itinerary. It will help reduce their worries and provide assistance if you get lost or delayed. You should also leave a contact number so they can get a hold of you in case of emergency.
• Ensure you understand what your policy does and does not cover.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.