Snowbird travel insurance costs increase due to weak Canadian dollar and rising U.S. health-care costs.
Snowbirds from across Canada who are heading south this winter will likely feel a chill when it comes time to pay for the snowbird travel insurance coverage they need. It's been estimated that the cost of coverage this year will be about 12 to 15 per cent more than it was last year.
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Why are snowbird travel insurance rates going up?
The weak Canadian dollar and increased costs of health-care in the United States are the underlying factors being cited for the rising costs of snowbird travel insurance.