Survey - Only 15% of Credit Cards Available At Major Canadian Banks Include Emergency Medical Travel Insurance

Many travelers believe that they are adequately protected by their credit card travel insurance coverage. The truth is, most credit cards provide very little coverage. Those companies that do provide coverage, tend to cover only non-medical emergencies such as common carrier accident, baggage insurance, or rental car collision insurance.

Highlights of Survey

Out of 26 credit cards only 4 offered emergency medical coverage standard.
None of the emergency medical insurance plans cover seniors age 65 or older.
None of the loyalty credit cards collected for free flights offer emergency medical, trip cancellation or trip interruption insurance standard.

A Note on Common Carrier Accident Insurance - The literature we read from the credit cards promoted this coverage as a major benefit. We believe that this is the reason many Canadians mistakenly believe that they have travel medical coverage from their credit card companies. Common carrier Accident insurance only covers your family if an accident occurs while you are on the common carrier (flight, cruise, train, bus, etc.) or while driving a rental car. Additionally, most credit card companies will cover you ONLY if you purchased the tickets (or booked your rental car) with the credit card that offers this coverage. We feel that those consumers should be very careful when relying on travel insurance coverage and need to read the policy in detail before departing on their trip.

Notes from researching credit card travel insurance coverage provided by the major banks credit cards;

TD Canada Trust - VISA

None of the TD Canada Trust Credit Cards offer any form of emergency medical travel insurance, baggage, or rental car collision, or trip cancellation coverage.

Common carrier travel accident insurance is available in various coverage amounts.

RBC Royal Bank - VISA

It is understandable the RBC has the best credit card travel insurance coverage of all of the big banks in Canada. RBC Insurance is a large travel insurance provider to the travel agencies. Therefore, they have better infrastructure to accommodate travel insurance plans as part of its credit card benefits.

That being said, only the preferred credit cards with high annual fees and interest rates offer the emergency medical, trip cancellation and trip interruption coverage standard.

RBC Royal Bank emergency medical travel insurance available on its preferred credit cards do not cover cardholders 65 and over.

CIBC - VISA

Similar to RBC, CIBC only offers emergency medical and trip interruption on its Gold VISA credit card. The big irony is that this is not CIBC's highly popular Aerogold® Visa card that avid travelers hold to take advantage of loyalty points that can be redeemed for free travel. In fact, the Aerogold® card only offers common carrier accident, baggage, and rental car collision coverage standard.

CIBC's emergency medical travel insurance available on its Gold credit cards do not cover cardholders 65 and over.

Bank of Montreal - MasterCard

Most disappointingly, Bank of Montreal offers absolutely no travel insurance coverage on any of its cards for free. All travel insurance coverage can be purchased in separate packages on an annual basis. Total comprehensive coverage will cost an additional $159 per year on top of any annual credit card fees. Lesser packages are available for lower costs.

ScotiaBank - VISA

Almost all of Scotiabank's Visa cards offer absolutely no travel insurance coverage at all. With the exception of the passport gold Visa card, you will need to purchase any additional coverage for your trip.

Scotiabank emergency medical travel insurance available on its passport credit cards does not cover cardholders 65 and over.

Conclusion

We have found in our survey that misleading advertisements made by some credit card companies leave some people to believe that they are fully covered in situations where accidents and tragedies occur on their trips. It is advisable for you to take time to read the terms and conditions of the insurance provided by your credit card company to elicit correct information about the coverage offered by your card issuer

Get the right insurance to cover all your health needs while on your trip. Should you be a casual vacationer or hearty business traveler, make sure you are covered to enjoy 'peace of mind' while on your trip. Visit http://www.travelinsurancequotes.ca to purchase your travel insurance online.

Survey conducted July 16, 2007, information gathered from public websites of RBC Royal Bank, CIBC, TD Canada Trust, Bank of Montreal, Scotiabank.

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When a hockey player or coach goes overseas for a game in another country, have given serious consideration to obtain adequate medical insurance before their trip. Athletes from all sports are exposed to many dangers when traveling outside their country of origin, however, hockey players tend to be more vulnerable than most because of the approximate nature of the sport they play. Drop an unexpected illness or accident is not covered by medical servicessufficiently covered by existing insurance because of territorial limitations or high excesses. Depending on where you are driving, serious illness or injury can require that they be evacuated to hospital, or in the air in another country where medical services are better. Eliminate air tends to be very expensive and can easily be over $ 25,000. Although hockey players and coaches can do a lot of money in their area of insurance improper conduct of a massive financialLoad.

There are several types of insurance that all coaches and hockey players in particular must be before he met on the street and decides to travel outside of their country. They include medical, emergency dental treatment, emergency evacuation, emergency reunion, and repatriation of remains and of course lost checked baggage. Hospital doctors and hospitalization should ambulatory surgery, anesthesiology include doctor's fee, medications, diagnostic procedures,Oxygen, drugs and emergency local ambulance.

Emergency dental is one of those things that every hockey player, no matter what you see so many hockey players loose teeth in fights and driving on the ice should have. It should replace emergency dental treatment and emergency dental surgery, if necessary, or restore teeth. In case of emergency is something that has also been highly recommended for ice hockey players and coaches, as in the case of the host countries contribute toDisorders or in case of accident. In case of accident, may be cause for emergency or air transport to the nearest hospital.

Emergency reunion is in an accident, so it can be flown by members of the injured person to be with them while they are in hospital. It usually consists of a return ticket for the economy, in which the injured party has received treatment.

The repatriation of remains in case of the event thatHockey player or coach dies as a result of their injuries or illnesses, so that his body returned to their country of origin. Another fun thing to have all the hockey player and coach, looked lost luggage insurance. This is important because all the athletes who carry their equipment with them or at least a possibility to replace them, if not necessary. In the case of lost luggage, the insurance will pay to replace the luggage or at least theleasing of equipment, so that the game even more. The airlines have similar policies, but it often takes a day or two, or the funds are insufficient data. If you fly in a new country to play a game that night, you have no time to wait for the airline to have a little 'money to replace your contributions.

If you are a coach or player, is always a good idea to be prepared and have adequate insurance Hockey before leaving the country. You never know when youcan save lives.

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Medical care is a major concern for residents in Canada who travel regularly. Regular insurance covers only a small portion of medical costs that are outside of Providence, where a person resides, if they occur at all, also one of the most recognized.

Uncovered medical emergency can absolutely paralyze a person or a family financially. Costs of emergency medical care you can start to add up, even if a bit 'coverage, but those who do not meet never could quickly into a hole too deep to get out after only one or two days in hospital.

Additional travel insurance may be an absolute necessity if we are required to have regular trips to your employer, but also a good idea for those who helped us to stay just for the occasion.

Piece of Mind

Travel insurance in Canada is for all people in virtually every type of situation in which> What is going on. E 'with the care of a person in any number of different situations, able to participate as Canadian residents will be able to travel as much as you need not worry at all.

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For people traveling to Canada from another country, the problem of relations within their insurance companies regularly even be a problem. Many insurance companies will not cover all costs that may arise in case of accident orEmergency in international travel.

For those who spent time in Canada, please, want, or those that are required to travel to Canada for business travelers, there are the visitors for travel insurance in Canada.

Emergency medical care around the world can be very expensive, but visitors to Canada Travel Insurance Visitors can spend their time in Canada, focusing on the essentials, their path, be itBusiness or pleasure, without fear.

To enter, visitors to Canada get insurance, a visitor must know in which province they spend most of their time and must be filled by a declaration of health before you buy in a location for the plan, as best place for their needs for a particular trip. This does not seem much at all, really part of the mind to know that the need to ensure you do in case ofunforeseen events.

Travel insurance, depending on the type of plan chosen, may also be things like housing, transportation and reimbursement for necessities like clothing and toiletries in case of accident or emergency prevents you from continuing the journey as planned.

If you are traveling with family and loved more, and the purchase of a plan for the group - whether a person is injured or requires emergency treatment, the other inGroup may have several devices into consideration as well, should influence the injury or inhibit the rest of their journey.

Many travelers think they go from province to province or outside Canada that travel insurance is an additional cost that does not need them - found that when traveling, and nothing happens to them (that is often more likely) that have actually lost X amount of dollarswould use a little 'better. Although it is a very real possibility in most cases there will be no accidents or disasters, what so ever and all passengers arriving in time at home, safe and sound. What these travelers should take into consideration is that accidents do not happen - an accident can be the terrible things for a traveler in the sense that they fall into.

For those who travel most (common), from Canada and are not already covered by a different method of reporting,Canadian travel insurance should be seen as a necessity.

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