Why nearly half of Canadians plan to skip travel insurance this summer

Nearly half of Canadians who intend to travel will forgo travel insurance this summer, despite the risks, according to a new TD survey.

Why nearly half of Canadians plan to skip travel insurance this summer. Nearly half of Canadians who intend to travel will forgo travel insurance this summer, despite the risks, according to a new TD survey. With rising fuel prices, housing costs and grocery bills, Canadians are tightening their travel budgets. According to the poll, 61 per cent of respondents said they are actively reducing travel costs and 46 per cent said they would skip travel insurance. The survey also found that 29 per cent of respondents said they could only afford up to $300 in emergency travel expenses without insurance coverage. That may sound manageable for minor injuries and illnesses, but it would likely fall far short in the event of a significant medical issue like appendicitis or a broken bone. This is particularly true for Canadians travelling to the U.S....