TORONTO, ONTARIO — (Marketwire) — 09/06/12 — As summer vacations wrap up, Canadians will now be turning their attention to Thanksgiving, Christmas and winter getaway travel plans. According to a study commissioned by BMO Insurance, Canadians love to travel:
BMO Insurance reminds Canadians that a medical emergency can happen anywhere and any time, even while on vacation.
“The costs associated with encountering a medical emergency while traveling can be formidable without adequate travel medical insurance,” said Julie Barker-Merz, Vice-President and Chief Operating Officer, BMO Insurance. “While still in the planning stages of your vacation, be sure to do your research and investigate travel medical insurance options and purchase one that is right for your trip. Should an unfortunate event occur, the last thing you should be worrying about is whether you-ll have enough money to deal with such an emergency.”
The BMO Insurance study found that many Canadians are not aware of the true costs associated with emergency medical treatment outside of Canada:
The report also found that many Canadians do not know who is financially responsible should medical treatment be required while abroad. When surveyed, only half correctly identified that those travelling outside of Canada without medical insurance are themselves responsible for covering the majority of medical expenses.
BMO Insurance Introduces Annual (Multi-Trip) Travel Medical Coverage
To provide Canadians with peace-of-mind while out of province or country, BMO Insurance has introduced an Annual (Multi-Trip) Travel Medical policy which provides coverage for a full year upon enrolment. The policy includes:
“This new offering is ideal for those who make frequent cross-border trips or who plan to take one week getaways down south,” said Ms. Barker-Merz. “You can automatically renew the policy on an annual basis, providing peace of mind that, no matter where and when you leave home, you-ll be protected.”
Clients looking to extend coverage for a longer period of time can -top up- and enhance their coverage by adding features available with BMO-s Single Trip Plans such as trip interruption/trip delay, baggage and personal effects, flight delay benefits and trip cancellation.
For more information about BMO Annual (Multi-Trip) Travel Medical Coverage:
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The online survey was conducted by Pollara with a random sample of 1,000 Canadians 18 years of age and over, between June 14-18, 2012.
Contacts:
Media contacts:
Rachael McKay, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596