U.S. Bargain-hunting Could Be Costly Without Travel Insurance



    Daily U.S. Hospital Stay Can Add Up to $10,000

    TORONTO, Nov. 15 /CNW/ - With the rising dollar, some Canadians will be
heading south this American Thanksgiving weekend looking for deals as the
holiday shopping season begins - but that cross-border trip could end up
costing more than planned if medical treatment is needed while away from home.
    RBC Insurance is reminding Canadians to think about travel insurance,
even for last-minute, short getaways across the border.
    "Unfortunately, accidents can happen at any time, so don't let a shopping
trip end up costing you more than you bargained for," said Stan Seggie,
president and CEO of the travel insurance division of RBC Insurance. "For less
than $25, you can purchase travel insurance for up to four days, to protect
against unexpected emergencies that may happen when you go across the border,"
added Seggie.
    A national survey conducted by RBC Insurance/Ipsos Reid earlier this
year, showed that 37 per cent of Canadian leisure travellers to the U.S. never
purchase travel insurance. Unlike longer overseas trips that are usually
planned months in advance, short cross-border trips can be more easily
organized at the last minute, and with a sense of familiarity about
destinations within North America, some travellers don't think they need
insurance.
    A medical emergency in the U.S. is extremely expensive, especially when
compared to the relatively low cost of travel insurance. For example, an
appendectomy without complications costs an average of $20,331 (USD), and a
major cardiovascular procedure without complications costs an average of
$47,114 (USD), according to the U.S. Agency for Healthcare Research and
Quality.
    Although insurance premiums are based on a variety of factors such as age
and health, as well as the length and value of the trip, the emergency medical
insurance coverage included in the RBC Insurance Classic Medical plan, for
example, typically costs less than $25 for a one to four day trip. Another
option, for those who travel several times a year, is multi-trip annual travel
insurance that provides coverage for multiple trips within a 12-month period,
which typically costs about $50.

    About RBC Insurance

    RBC Insurance, through its operating entities, including RBC Insurance
Company of Canada, Assured Assistance Inc., and The Liberty Marketing
Corporation, provides a wide range of travel, life, health, home, auto and
reinsurance products as well as creditor insurance services to more than five
million North American customers. The company is the leading provider of
travel insurance and emergency assistance services in Canada and has also
expanded into the U.S. travel insurance market. Its travel insurance
operations draw on more than 40 years of professional experience and provide a
wide range of products and services through a network of over 4,000 travel
agencies, as well as over the Internet and through bank channels, to more than
three million individual and corporate customers annually.
    RBC offers a wide range of travel insurance products. For more
information when making travel arrangements, ask a travel agent about RBC
Insurance, go online to www.rbcroyalbank.com/travel, call 1-800-565-3129, or
visit a local RBC branch. For more information on the RBC Insurance Ipsos Reid
poll, visit www.ipsos.ca





For further information:

For further information: Media Contacts: Kerry Gaetano, RBC Insurance,
Phone: (905) 816-5583, Email: kerry.gaetano@rbc.com; Margie McNeil, RBC
Insurance, Phone: (905) 606-1425, Email: margie.mcneil@rbc.com


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