When asking the question, ‘Do I need travel insurance?’, first consider the following potential benefits. Insuring your trip in the case of unforeseen events is one of the best ways to make sure it isn’t ruined by expensive emergency bills or sudden expenses. Travel insurance can offer protection against a range of unforeseen events, including; medical emergencies, flight cancellations, emergency accommodation and vehicle accidents.
Here we go through some of the benefits which you might expect to enjoy by having insurance when you travel at home or abroad.
1. Support in a Medical Emergency
Some Australian health insurance policies won’t cover you in other countries should you experience a medical event that requires hospitalisation or attention at a local medical centre. Travel insurance can cover these eventualities. Even something as simple as a cut could necessitate a trip to the doctor, and the last thing you want is to ignore it and have it end up as something worse.
2. Coverage in Remote Areas
If you are visiting a remote part of a different country have you considered what medical facilities are available in the area? If you suffer an accident or sudden illness in a remote part of the country, you may require air lifting to a hospital or even back to Australia. Something as safe as hiking could quickly turn dangerous if you twist your ankle or lose your sense of direction. The cost of an emergency medivac may run into the thousands of dollars, even more if you need to be flown back to Australia.
3. Dental Emergencies
When travelling, you have just as much of a chance of chipping a tooth in a nasty fall as you do at home. Imagine how agonising something as small, yet painful, as a chipped tooth would be as you are forced to wait for your flight to return home for treatment. Having overseas dental emergencies covered under your travel insurance policy means you could be back enjoying your pain-free holiday in no time.
4. Reclaim Your Cancellation and Rescheduled Flight Costs
Cancelled or rescheduled flights can wreak havoc on the best-made travel plans. Weather, technical issues and strikes could lead you to miss your connecting flight or fail to even get off the ground in the first place. Not being left out of pocket, is a reason to buy travel insurance to cover these expenses, so you won’t be over budget before you even set off.
5. Protection for Your Frequent Flyer Points
One of the reasons why travel insurance is important for frequent flyers is to protect your points. If you’ve paid for part or all of your flights with points, and aren’t able to recover them, travel insurance can compensate you for the value you have lost.
6. Stress-free Stays
If you’re sick, injured or some other emergency occurs keeping you in your holiday destination, travel insurance may be able to recompense you for any emergency accommodation until you’re able to fly.
7. Replacement of Stolen or Lost Luggage
Unfortunately, losing your luggage and individual items, or having them stolen, is not uncommon while away from home. Perhaps you are out looking at the local sights and return to find your backpack or suitcase is missing. What is the cost of replacing everything? Even if you travel light the expense might be high. You may need to pay to replace your passport and any other travel documents for example or buy a new set of clothes. Travel insurance can reimburse you for these expenses.
8. Stress-free Car Hire
If you hire a car and are then involved in an accident, you’ll often have to pay excess even if it wasn’t your fault. Your accident, even if it was minor, may end up costing you more than you thought and could ruin your long-awaited holiday. Travel insurance can take care of this unexpected financial expense and is yet another reason to purchase it.
9. Coverage for the Whole Family
A reason why travel insurance is often considered important by families, is because it can cover everyone on the trip, such as dependent children travelling with adults.
10. Peace of Mind for Personal Liability
If you’re involved in an incident where you are found legally responsible for someone else’s personal injury or damage to their property, travel insurance can cover you. Travel is always unpredictable. Whether you’re in an unfamiliar country or at home, getting the right travel insurance for your needs could deliver you greater peace of mind and allow you to recoup your losses against any unforeseen eventualities.