A travel insurance policy can protect you from a variety of unexpected circumstances while you’re traveling. Whether you’re looking for trip cancellation coverage to reimburse you for the costs of hotels, flights and other pre-paid and non-refundable trip expenses or if you need medical expense coverage to protect you from the extensive costs of overseas treatment and hospitalization, a travel insurance policy can drastically decrease your risks.
Travel insurance is important for travelers who need a solution to protect themselves from unexpected situations that could affect their travel plans, trip investment and health when traveling. In the last few years, travel insurance has become one of the most popular insurance products available, as it is extremely cost-effective. It’s practically indispensable on international trips, and for travelers of all ages and occupations, it’s a great safety net to give peace of mind when traveling.
Whether you’re planning on going solo or with a group of friends or family, TravelInsurance.com can help you find an appropriate domestic or international travel insurance policy that meets your needs. You can compare all of your trip insurance options, procure coverage online and travel worry-free.
The right travel insurance policy gives you peace of mind no matter where your travels take you. You’ll know where to turn if something goes wrong, with 24/7 emergency assistance from your trip insurance provider.
It can be hard to know where to begin when searching for a travel insurance policy. An ideal policy offers sufficient coverage at a reasonable price. There are many different variables involved in the quote process and insurance carriers offer a variety of plans and coverage levels to choose from. No one should go through this process uninformed and without an easy way of navigating the world of trip insurance.
Why travel insurance is important?
If you are travelling overseas, or even domestically, taking out travel insurance is highly recommended.
- Getting help overseas
Thousands of Australians experience some kind of trouble when holidaying overseas each year.
Having the right level of travel insurance cover is critical when travelling. If you fall ill or have an accident while overseas, travel insurance can ensure that you get the best quality of care and you can be moved, either back home or to a better medical facility, if needed.
- Travel insurance provides you with protection from medical costs
- If you require medical attention while travelling, you may be liable for the cost of your treatment if you don’t have travel insurance.
- In many countries, medical treatment for visitors can be incredibly expensive; daily hospitalization costs in Southeast Asia regularly exceed $800; the cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and, in extreme cases, up to $300,000.
- Medicare will not pay or reimburse you for any medical expenses you incur overseas.
- Travel insurance can cover disruptions to your trip
It’s no secret that when you travel, there is much that’s out of your control. Flights can be delayed or you might need to return home if an emergency occurs.
Without travel insurance, disruptions to your trip can end up costing you a fortune. In many cases, you lose the money you’ve already paid, and have to pay for new bookings too.
Many travel insurance packages will cover you for incidents that are out of your control, so that you don’t have to spend your own money if something goes wrong.
- You can be reimbursed for your losses and expenses
If your luggage is stolen, lost or damaged overseas, you can end up significantly out of pocket – and if you don’t have travel insurance, you will be responsible for replacing your items.
If you take out the right insurance, however, you can be reimbursed for your losses and expenses, meaning that you won’t lose money due to an airline or hotel blunder, or a thief’s wrongdoings.
A policy tailored for your trip
Single trip
Single trip cover is travel insurance you take out for one trip, for a specific destination and a set amount of time.
Annual multi trip
Annual multi trip cover is better if you travel frequently, as it provides cover for as many trips as you want over a whole year.
Worldwide
Worldwide travel insurance lets you travel to destinations across the globe, and it can either include or exclude the USA, Canada, and the Caribbean.
Winter sports
Winter sports insurance covers you for things that might happen when you’re involved in winter sports, such as if you get injured while skiing.
Cruise
Cruise travel insurance covers you for cruise-related claims, such as missed port, cabin confinement, or cruise activities.
Over 65s
Over 65s travel insurance is designed to provide affordable extra cover for people who might be more at risk of needing medical treatment.
Pre-existing medical conditions
With cover for pre-existing medical conditions you’ll be able to claim for medical treatment if a condition you had before taking insurance out flares up on holiday.
Family
Family travel insurance can be a good way to save on policy costs as it often includes cover for your children.
How to reduce the cost of travel insurance:
Shop around
Run a free travel insurance quote where you’ll be able to see how different policies stack up against each other.
Decline optional extras
It’s worth checking if your gadgets are covered abroad by your home insurance, or if protection is provided through your bank account, credit card or employee benefits package.
Type of policy
If you’re only planning to travel once or twice annually, single-trip cover might be for you, but if you’re going away any more, you might benefit from an annual multi-trip policy.
TRAVEL INSURANCE GUIDES
Annual Multi Trip Travel Insurance
Thinking of taking numerous trips this year? It can often work out cheaper to get annual multi trip travel insurance.
Pregnancy Travel Insurance
Specialised cover designed to suit the medical requirements a pregnant woman might require whilst on holiday.
Travel Insurance for Over 70s
We can compare policies to find the right travel insurance for you
Travel Insurance Guide
Any accident or illness abroad can leave you with a hefty bill if you are unprepared. Our travel insurance guide gives you the lowdown on policy costs, which type of cover is right for you and what you are covered for.
Ski Insurance
Stay safe on the slopes with ski insurance. Providing cover for medical emergencies and lost equipment.
While we all love to get away from it all, accidents do happen – as well as medical bills, travel insurance covers, delays, lost items and thefts. All these can prove costly if you’re not properly insured.
Almost 1 in 4 people don’t take out travel insurance for their holidays. However, they probably should have, when you consider that travel insurance providers paid out £370m in 591,000 claims last year, according to the Association of British Insurers (ABI).
To give you some idea of the potential costs without insurance for emergency medical care, the ABI has examples of what has been paid in 2017 for claims that you’d have to pay if you had no insurance:
- – £768,000 was paid to cover the medical costs of treating a traveller who suffered a stroke in the USA. This includes £60,000 for an air ambulance back to the UK.
- – £125,000 to pay for surgery following a jet-ski accident while holidaying in Turkey
- – £136,000 for treating complications following an insect bite in Chile. This included paying for a nurse to escort the traveller home.
So, whether you’re taking the family to the beach, a student on your gap year taking the trip of a lifetime or simply making the most of your retirement, there’s sure to be a policy to keep you covered.
