Go big or stay home: Seven in 10 Canadian boomers have a travel bucket list
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Whether traditional or epic, travel can carry risks, so it's important to be protected
TORONTO, Nov. 6, 2018 /CNW/ - Whether it's driving a Ferrari in Italy, hiking the Inca Trail or helping build clean water wells in Africa, boomers are increasingly seeking out unforgettable travel experiences. But, sometimes these epic vacations can offer unexpected surprises. A recent TD Insurance survey revealed more than a third of Canadian boomers who travel annually say they or someone they've travelled with has had a travel emergency, such as an injury that required a trip to the doctor.
"With the freedom afforded by more disposable income and, in some cases, the luxury of more free time post-retirement, boomers are travelling for adventure rather than relaxation," said Neil Henderson, Manager, TD Insurance. "While embracing bucket list travel might mean trying new things off the beaten path, like visiting a World Heritage site like the Great Barrier Reef or taking in the scenery of Milford Sound in New Zealand, there's always a risk that adventure could turn into misadventure."
Not only are boomers forgoing the traditional vacation spent relaxing beside the beach or pool - only 39 per cent of boomers say it's their preferred travel experience – they are also traveling more frequently and for longer periods of time compared to other generations. The survey revealed that 52 per cent of them take two or more vacations each year, and half the time it's for 10 days or more.
"Planning for extended travel can be exciting and also overwhelming, so ensuring you have sufficient travel insurance coverage can get lost in the mix," said Henderson. "Many boomer travellers report they don't purchase travel insurance because they're already covered under their work benefits or credit card. While these plans may cover certain emergencies, take the time to review them for any gaps in coverage and purchase supplementary coverage if needed, especially if you're planning activities you haven't tried before. And if you're unsure whether your coverage extends to an activity, it's worth checking with your travel insurance provider."
For all those boomers setting out to check off their travel bucket list items, TD Insurance offers the following pre-travel tips, so your epic adventure can be exactly that:
About the TD Boomer Travel Bucket List Survey
TD Insurance commissioned Environics Research to conduct a custom survey of 6,021 Canadians aged 18 and older, which included 1,648 boomers that travel annually. Responses were collected between February 20 and March 1, 2018.
About TD Insurance
TD Insurance offers a wide range of products to help protect customers including credit protection, auto, home, health, life, and travel insurance. With more than 4.5 million customers, TD Insurance authorized products and services are available through a network of more than 1,120 TD Canada Trust branches, the Internet, and telephone. TD Insurance represents all of the personal lines insurance entities within TD Bank Group. For more information, visit www.tdinsurance.com.
SOURCE TD Insurance