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Packing your bags for a long-awaited late summer vacation? Don't leave home without the right travel insurance! Getting sick or injured in another country - or even out of your home province - can cost tens of thousands of dollars - yet 36% of vacationers say falling ill isn't a major concern.

While travel insurance may seem an annoying add on, paying an arm and a leg for foreign medical care will make you feel really sick. Check out the infographic below, the latest edition of RATESDOTCA's Cost Of study, to bust the biggest misconceptions about travel insurance, and how you can save on your premiums.

Click here to compare travel insurance.

Penelope Graham

A first-time homeowner and newbie investor, Penelope Graham is the quintessential millennial, navigating the world of personal finance and wealth management. A self-professed monetary policy nerd, she follows the often-controversial housing market closely and specializes in mortgage, credit card and personal finance news.

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