4 ways you can use on-demand insurance in 2023

Love living life on the edge? We show you some of the ways that on-demand insurance can help you with your coverage needs.

If you like to live life on the edge, it can be tough to get the cover you need.

Traditional insurance products don't always gel with activities like extreme sports or other intense lifestyles.

The good news is that there are other solutions available.

On-demand insurance has emerged as a viable alternative and supplementary product, helping bridge gaps around coverage.

Today, we're taking a look at some of the ways you can use it to meet your own insurance needs.

1. Get cover without the hassle

If you're an adventure-seeker, it can be a big challenge to get insured for the activities you like best.

Finding the right cover can be time-consuming and then expensive once have found it.

But you still want to make sure that you've got cover in place, just in case there is an accident.

Flip Insurance offers a more streamlined approach.

Flip Insurance provides accidental injury coverage through a short-term product, for both adults and kids.

Nearly all activities are covered, and the criteria for cover are also much less rigid than many other policies on the market.

So although specialist insurance may be required in some situations, episodic insurance can be a great way to ensure you've got cover while you're doing what you love best.

Learn more about Flip Insurance

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2. Switch it on and off as you need it

One of the big advantages of short-term insurance is that you're not having to enter into a long-term, expensive contract.

With Flip Insurance, you're able to get insured on an as-needed basis.

You can purchase insurance on a daily, weekly or monthly basis, with coverage starting at $7 a day.

So, if you're on a trip and know you've got a risky activity coming up, you can switch it on for a few days and pay accordingly.

Then when you're decamping again, you can simply switch it off. So there's no cost to you while you're not using the insurance.

Learn more about how you can switch insurance on and off as you need it

3. Use it in conjunction with your other policies

On-demand insurance like Flip isn't really intended to replace your existing insurance policies.

Rather, it's intended to work alongside some of them in a supplementary fashion.

Let's see how it slots in with private health insurance to demonstrate.

Now, private health insurance is often used to cover fairly specific types of treatment. Dental, optical or hospital are just a few examples.

Exclusions are often in place, depending on the type of accident you've had or the procedure you're seeking.

Having episodic insurance from a provider like Flip Insurance can add some additional flexibility. You're able to get cover for extra activities that aren't necessarily covered by your usual health insurance policy.

So you're still able to get benefits from private health insurance while still being able to tailor your activity plans on the fly.

Learn more about how on-demand insurance can complement other policies

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4. Look for a straightforward claims process

If you do end up injured, the last thing you need is more pain from the claims process.

Sending away paperwork in the mail and waiting for weeks to hear back…it's not an ideal approach.

Additionally, the traditional model of the insurance company paying your medical providers doesn't always serve your needs in the best possible way.

Flip Insurance lets you file claims online. All you need to do is gather the required evidence, upload it and your claim will be filed within about 5 minutes.

If your claim is approved, the funds are released to your bank account – so you're able to spend them in the way that suits your needs best.

So, while you don't ever want to get injured when you're doing the things you enjoy the most, having the right cover in place can be great for your peace of mind.

Learn more about Flip Insurance's claims process

Discover more about getting covered with Flip Insurance today

• Extra info about Flip Insurance

  *Flip advice is general in nature. We don't take into account your personal circumstances, so please consider how appropriate it is for you before purchasing. Read our PDS, FSG and TMD available at flipinsurance.com.au before purchasing, too. HCF Life Insurance Company Pty Ltd (HCF Life) is the issuer of Flip Insurance. Flip Insurance Pty Ltd (Flip Insurance) is a wholly owned subsidiary and authorised representative of HCF Life. HCF Life is a wholly owned subsidiary of The Hospitals Contribution Fund of Australia Limited (HCF), and acts on its own behalf. Premiums for Flip cover are paid to HCF Life. HCF receives commission of 80% of HCF Life's underwriting profit each year calculated as premiums less claims and expenses. Flip Insurance may receive remuneration from HCF Life for the financial services it provides in relation to Flip cover. Flip Insurance and HCF Life employees receive a salary, paid by HCF Life, for the financial services they provide in relation to Flip cover. In addition, HCF, HCF Life and Flip Insurance employees may also receive an incentive depending on the total revenue and profitability of Flip products, and for meeting their compliance obligations. This remuneration is provided on a discretionary basis and may vary from time to time.