In addition to providing great financial solutions for millions of Canadians, Insurdinary is now taking even more steps to further educate our customer base and loyal readers. We are doing this by collecting real life data, from people just like you. There’s no better way to understand the market than to simply ask the question, and that’s exactly why we have and will continue to hit the streets of major Canadian cities to conduct polls.
Our mission is to gather your thoughts, your opinions and your feedback on a variety of important subjects in order to provide a more comprehensive service to you and your families.
On July 14, 2022, Insurdinary's research staff set out to conduct their second survey with 52 people on the subject of whether or not the COVID-19 pandemic changed their opinion on travel insurance. The results were quite interesting as peoples thoughts and opinions varied.
The Differing Results
When asked "Has the COVID-19 pandemic changed your opinion on travel insurance"? 60% of people said yes, and 40% of people said no.
Of the folks that were spoken to:
- 25 were males - 14 said yes, 11 said no
- 27 were females - 17 said yes, 10 said no
- 11 of those people were 18-29 years of age
- 17 of those people were 30-55 years of age
- 24 of those people were 55+
Many of those 52 people had some interesting feedback to provide as to why they answered yes, or in some cases no.
Some of reasons that people’s opinion of travel insurance during the pandemic didn’t change was:
- They have faith in their vaccines
- Doesn't travel / too old to travel
- Too expensive to travel
- Already has travel insurance through work
- Doesn't care about travel insurance
Some of the reasons that people’s opinions of travel insurance during the pandemic did change was:
- Travel is expensive and they wanted to protect their vacation
- Lockdown or COVID-19 coverage in a foreign country
- Global issue, didn't want to take risks
- Susceptible to different variants while abroad
- Seniors that are retired and no longer get insurance through work
- They want to be protected
- COVID-19 already interrupted their trip and they lost money
- Always purchases travel insurance anyway
The confidence in which we travel has changed over the last two years no question, and this study highlights the reasons why. With almost an even split between the people who think differently about travel insurance and the people who don’t, it was interesting to discover that for over half of the people spoken to, they are thinking differently about purchasing travel insurance due to COVID-19 in light of all the different variables when travelling in this day and age.
Have You Been Considering Purchasing Travel Insurance?
What about you? Do you have questions about travel insurance? Has it been a topic mulling around in your mind recently as you browse sunny destinations? If so, we can help provide the answers.
Conclusion - Has COVID-19 Changed Your Opinion of Travel Insurance?
Canadians love to travel, we always have and always will, even in the wake of the worst pandemic we have seen in decades. But this study clearly indicated that most of us now think differently about where and how we travel and most importantly, what our travel insurance does and does not cover.
Not sure if travel insurance covers COVID-19 related hospitalizations? We can help. Our experienced customer service representatives and affiliate licensed agents are experts in the field of all things insurance and financial products, and they would be happy to assist you. Get a free quote today. We look forward to working with you and answering all of your travel related questions.
