By Grant Ostir
Even if you don’t consider yourself someone who leads a risky lifestyle, there’s a chance that experts might disagree.
If you rock climb, scuba dive, travel to dangerous places for work or even drive long distances (compared to the average person), you’re considered a higher-risk individual.
And with this lifestyle comes a unique set of risk management and insurance needs. Here are some tips to figure out what coverage you should consider.
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DID YOU KNOW?
- It has been estimated that about 1/3 of travelling Canadians leave the country with absolutely no medical coverage;
- This is dangerous in that statistics show that 21 % of travellers will require medical attention – 40% of these will not have coverage;
- Provincial health plans cover only about 9 % of out-of-country medical expenses;
- The average out-of-pocket cost per hospital stay in the U.S. is over $15,000 with some expenses being as high as $100,000 or more;
- Even travel in Canada can result in out-of- pocket costs for medical treatment due to the differences between provincial plans;
- Some countries (such as Cuba) and many cruise ships require proof of travel insurance. Read more