After competitively priced travel insurance that won't leave you hanging? Compare policies on offer from Overseas Travel Insurance
Going overseas is exciting. It is the discovery of the unknown. Overseas travel gives you peace of mind to handle that unknown. Travel insurance protects you from a range of travel risks, from lost or stolen luggage, to repatriation and emergency medical treatments. Don’t let your dream holiday become a nightmare. Protect yourself with overseas travel insurance.
- What Types of Overseas Travel Insurance are Available in Australia?
- Can You Take Out Overseas Travel Insurance for seniors?
- How to Compare Overseas Travel Insurance Policies
- Tips for Planning an Overseas Trip
- How to Buy the Best Overseas Travel Insurance
- Overseas Travel Insurance General Exclusions
- Overseas Travel Checklist
- Apply for Overseas Travel Insurance
What Types of Overseas Travel Insurance are Available in Australia?
Single trip insurance policies cover a single trip. Single trip insurance policies are ideal for people who don’t travel often and it cover is available for singles, couples and families.
Annual multi-trip insurance policies are best for frequent travellers because policyholders only need to take out one policy each year, saving both time and money.
Basic travel insurance policies provide policyholders with a basic level of financial protection. Most basic travel insurance policies provide limited cover for overseas medical, hospital expenses and dental, emergency medical assistance, disability, accidental death and personal liability.
Comprehensive travel insurance provides policyholders with the most complete cover. Comprehensive travel insurance policies features can include cover for unlimited medical and dental, unlimited additional expenses, unlimited cancellation, and limited cover lost travel documents, lost travel documents and personal liability.
Family travel insurance policies are a great option for those heading overseas with their family. These policies present a cost effective means of insurance. Best of all, all dependant children under the age of 18 will be cover at no charge with most providers.
Group travel insurance operates in much the same way as family travel insurance. The policy covers anyone in your travelling party and is a cheaper alternative to taking out individual policies.
Winter Travel Insurance
It’s important to understand that your standard insurance policy will not cover accidents and injuries that are the result of your participation in a winter sport. Most insurance policies specifically exclude such claims. However, a winter sports insurance policy would allow you to freely engage in sledding, skiing, snowboarding and other similar activities. Of course winter sports have a higher risk of injury and this makes it important for you to have a policy that covers risks that you encounter. Winter sports insurance policies not only cover medical emergencies, but the expensive equipment used with these sports.
Backpackers travel insurance is specially designed for students and backpackers who are planning on taking an extended trip overseas. These policies are normally quite cheap and as such are great for students on a budget.
I'm confused. What should I look for in a policy?
Before you compare policies, it is helpful to first come up with a list of items you want covered. One of your most important considerations should be health. Compare the maximum benefit amount for medical cover for various providers. It is also a good idea to check if there are any exclusions when it comes to pre-existing conditions. Other cover options you should compare include:
- Am I covered for emergency medical assistance? Check what level of protection you will be provided with. Try and find a policy with unlimited emergency medical assistance.
- Does my policy cover evacuation? Just like with the emergency medical assistance feature, look for a policy that provides a high or unlimited benefit amount.
- Do I get a hospital allowance? If you are injured while you are on your holiday, you could find yourself in need of some extra cash while you are in the hospital. Make sure your policy offers a hospital stay allowance.
- Am I covered for personal liability? Personal liability cover is an essential part of any travel insurance policy, so look for the policy that provides the highest limit.
- Do I need cancellation cover? Look for policies that provide comprehensive cover for cancellation or curtailment. These policies will protect you in the event you have to cancel your trip and you lose any nonrefundable deposits.
- Does the policy cover travel delay? If your trip is delayed, make sure that the policy you choose will reimburse you for the reasonable costs for any additional accommodation or travel expenses.
- How much luggage protection do I need? Look for the policy for the highest benefit amount when is comes to the replacement of lost or stolen luggage.
- What is excluded by my policy? Comparing the exclusions section of a policy document is the best way of knowing just what it is you’re covered for.
How to Buy the Best Overseas Travel Insurance
When looking to buy the best overseas travel insurance policy, you need to consider a few things.
- What is the best way to get cover? Travel and insurance agents get commissions, which is why you can save yourself money by going directly to the insurer. However, it's important to make sure you know what you need.
- All these policies have the same underwriter, is it the same policy? A common mistake people make is assuming two policies that share the same underwriter are the same policy.
For example, insurance company A and insurance company B both offer a basic travel insurance policy that is underwritten by company C. While the policy may look the same from a cursory glance, upon closer inspection you may find that they offer completely different levels of protection.
- Do I need to read my PDS, can't I just look at the benefits table? It might be boring but you should make sure that you go through the fine print. If you cannot read the entire policy, at least go through the exclusions.
What is not covered?
Travel insurance exclusions differs between insurance providers. You will need to read through the exclusions that apply to your insurance policy. However, there are general exclusions common across providers. You will not be covered if:
- you act in an irresponsible manner and you cause yourself harm or damage your property
- your claim is the claim is for consequential loss
- you wilfully got yourself into a situation that you knew would bring about a claim
- your claim is recoverable by other means such as a medical benefit scheme
- your claim is the result of errors or omissions in booking arrangements
- your involvement in an illegal act
- it is the result of a non-agreed-to pre-existing condition
- your claim is the result of your disregard for governmental warnings or advisories
- the claim is the result of a riot war or warlike behaviour (whether declared or not), terrorism, insurrection, coup or rebellion
- you were under the influence of intoxicating alcohol or drugs unless prescribed to you by a medical professional.
How do I make the most out of my next holiday?
The first thing you need to do when planning your trip is to research your destination. You need to informed not just about the entry and exit requirements, but also on security matters. This way, you are able to evaluate if it is safe for you to travel. Using government advisories is the best way to find out about the safety of a destination.
Register your details
Did you know that the Australian Department of Foreign Affairs and Trade helps over 10,000 Australians each year? Before you head off on your trip, be sure to register your travel plans with a service like Smartraveller and give your family a copy of your itinerary.
Ensure that you have a good travel insurance policy in place. Travel insurance is an essential items for any trip.Back to top
How do I create a travel checklist?
When travelling overseas, it’s useful to whip up a checklist of all of things you need to do before you go, while you're away and for when you’re coming home. Some items you can add to your checklist include:
- Do I have an up-to-date passport? Make sure you have a valid passport. Remember that your passport needs to be valid for at least six months after your departure date otherwise you won’t be able to get on your flight.
- Have I checked I need a Visa? Make sure you have applied for and received the correct visas.
- Are my shots up-to-date? Check to see if you have had all of the required immunisations for the country you're visiting.
- Do I have travel insurance? Make sure that the travel insurance policy you have taken out covers all of the destinations you are planning on visiting, along with all of the activities you plan on participating in.
- Do I need to take any medication with me? If you require medication, make sure that you have enough to last you for your entire trip and carry this medication with you at all times.
- How much luggage can I take? Make sure that both your carry on and you checked luggage meet the requirements of your carrier.
- Have I registered my travel details? Make sure you have registered your travel plans with a governing body. It is also good to give your family a copy of your itinerary just in case something goes wrong.
- Do I have enough cash? Try and lock in your foreign currency at a good rate and preload it onto a travel money card.
Can You Take Out Overseas Travel Insurance for Seniors?
Yes, you can take out overseas travel insurance for seniors. There are insurance policies for persons aged 50, 60, 70, 80 and 90+ years. However, insurance providers consider senior travellers high-risk, and as such they are subject to higher premiums and excess provisions.
Most senior travel insurance policies have more of an emphasis on medical emergencies. Other policy features include trip cancellation, delayed, lost or damaged luggage, replacement of money, rental vehicle excess and travel delay accommodation.
The older you get, the higher your premiums will be, which is why it is important that you compare the policies available from various insurance providers.Back to top
Apply for Overseas Travel Insurance
Overseas travel insurance is important. When planning your trip, it is one of the most important things to consider. The good news is that here are various insurers with good travel insurance products and you can compare them to get the best policy. And like the old saying goes, if you can’t afford travel insurance, you can’t afford to travel.