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Can travel insurance cover loss of income?

Will travel insurance cover me if I'm injured overseas and can't return to work? Find travel insurance to cover loss of income.

Many comprehensive travel insurance policies include a loss of income benefit. Under the benefit, you’ll receive an ongoing weekly benefit if you are injured during your journey and are then unable to return to work when you get home. A regular income while you are unable to earn a living, can provide the financial assistance you need to keep your head above water and focus on recovering.

How does travel insurance protect me?

If you're injured on your travels and can't return to work, then travel insurance can provide you with:

  • A substitute income up to a maximum specified amount
  • Cover for an extended period of time
  • Payments on weekly basis or monthly basis

Which brands cover loss of income?

Provider Maximum covered? Payment length Cover for dependents? Conditions Apply
1-cover-logo $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
AMEX Travel Insurance $10,400 Up to 6 months
  • No
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote
Budget Direct Travel Insurance $10,400 Up to 6 months
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
CoverMore $6000 Up to 6 months
  • $1000 for accompanied children
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote
Downunder $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
Easy Travel Insurance $10,000 Up to 6 months
  • No
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote
Fast Cover $10,000 Up to 25 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
InsureandGo $10,400 Up to 6 months
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
online-travel-insurance $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
Simply Travel Insurance Logo $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
Skiinsurance.com.au $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
Southern Cross $6,500 Up to 13 weeks
  • No
No payment for the first 30 days of disablement from the time you planned to resume your job Get quote
STA Travel Insurance $9,000 Not stated
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
Tick Travel Insurance $10,400 Up to 6 months
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
tid-logo-blue $10,000 Up to 6 months
  • No
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote
travel insurance saver logo $10,000 Up to 6 months
  • No
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote
worldcare travel insurance logo $10,400 Up to 26 weeks
  • No
No payment for the first 30 days of disablement from the time you return to Australia Get quote
youGo $6000 Up to 6 months
  • $1000 for accompanied children
No payment for the first 30 days after you originally planned to resume your work in Australia Get quote

For a full list of conditions that apply to your travel insurance loss of income cover, check the product disclosure statement (PDS).

Am I covered due to illness?

When it comes to loss of income, most policies will exclude cover if you're unable to work due to an illnesses. Some policies will not specifically state an exclusion for illness however it's vital that you check the fine print of your policy to work out when cover will and will not apply.


Is the loss of income of my dependents covered?

Child cover is offered by these brands

Loss of income cover for accompanying children on your trip is provided by the following brands:

Both these brands provide up to $1,000 in cover for each child.

What about my spouse or partner?

To get the same loss of income cover for your partner, you'll have to get a family policy or take out an additional policy for your partner.

For all other policies

For all policies that have no included cover for dependents, you can get a family policy and name your dependent (Spouse/partner/child) as an insured person.


Am I still covered if I receive a payment from Centrelink?

Your travel insurance policy may contact Centrelink and check for any benefits you've received for your inability to work. If you have, then this amount will be deducted from the payment your travel insurer pays you. Both

Travel Insurance Saver and Easy Travel Insurance explicitly state this in their product disclosure statements.


What are the exclusions for this cover?

Some providers will exclude disability as a result of illness from loss of income cover. Other common exclusions are:

  • No cover for any loss of income as a result of your death
  • No cover for the first 30 days after you planned to return to work
  • No cover if you do not become disabled within 30 days of the injury
  • The benefit will only be paid for a limited time period, for example a maximum of 26 weeks
  • No cover if your injury is covered by any other insurance or statutory benefits
  • No cover for the loss of income of your dependents

What should I do if I’m injured overseas?

There are several things you can do to ensure that you receive the best possible care if you’re injured overseas, including:

  • Notify your insurer. You need to notify your insurer of any incident that may lead to a claim as soon as possible. You’ll usually need to fill out a claim form and your insurance provider will advise you of any other steps you need to take.
  • Get reports. If you’re caught up in an incident that involves the police, get a written copy of any police report. Ask your doctor for a medical report that includes the date of the accident, the injuries you received and any treatment.
  • Keep your receipts. In some cases your insurer will cover all your medical bills upfront, but in other situations you’ll need to pay for some expenses out of your own pocket and claim them back later. Make sure to keep receipts for everything.
  • Comply with your insurer’s requests. If your insurance provider requests additional information or documents to support your claim, make sure you provide them as soon as possible.

Compare travel insurance with loss of income cover

Picture: Shutterstock

Maurice Thach

An insurance researcher and writer for finder.com.au who loves finding an answer to the question "Am I covered for ________?" Maurice has also completed a Tier 1 Life Insurance and a Tier 2 General Insurance Certification under ASIC's Regulatory Guide 146. This means he can confidently provide general advice for life insurance and non-life insurance products.

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