News & Articles
Survey shows Canadians are confident in travel coverage
January 15, 2019
Canadians are confident in travel insurance and positive about their coverage experience, a recent survey says.
Ninety-three per cent of respondents that filed claims within the last year said their claims were either fully (71 per cent of respondents) or partially paid (22 per cent of respondents), reports Pollara Strategic Insights, the research firm behind the survey. Five per cent of claims were still being processed at survey time, while two per cent were denied.
This is consistent with numbers from 2015, the last time the survey was conducted.
"With the purchase of travel coverage comes the hope that it will never be needed," says Nikki Makar, Individual Benefits Consultant at Manitoba Blue Cross. "The reality is that unexpected injuries and illnesses do arise – and fortunately, we see that the vast majority of claims are paid and adjudicated in a timely manner."
Around one third of Canadians bought travel insurance in the past year, and nine per cent of those filed a claim, according to the survey.
Ninety-one per cent of claimants said they were satisfied with the overall claim experience.
"When clients buy the appropriate coverage, it makes sense that they'll be satisfied with their claim," Nikki says. "Working with our broker partners, we ensure customers are given the information and tools they need to purchase the appropriate coverage and if needed, to file a complete claim."
Canadians are also knowledgeable about what they're buying, the survey says. Eighty-nine per cent of respondents said they had at least a reasonable amount of knowledge of their policy's terms, and 83 per cent said they knew who to contact in the event of an emergency.
"Over the past few years, we've extended our efforts to ensure people are knowledgeable about their policies," says Nikki. "We are committed to working toward providing customers with as much information as possible so they can make informed decisions about their travel coverage before purchase, during the trip, and, if a claim is incurred, after the policy ends."
To learn more about Manitoba Blue Cross travel coverage, view our Travel Coverage Plans.