The Importance of Travel Insurance
Travel insurance can save a potential disastrous and expensive holiday mishap from draining your bank account.
By taking out travel insurance, you are covering yourself against travel risks a comprehensive policy will usually cover:
- Emergency medical cover
- Losses incurred due to unforeseen cancellation or having to cut your trip short
- Death and disability cover
- Personal liability cover
- Luggage cover
If you are inconvenienced due to adverse weather is also covered.
Getting Help While Abroad
Each year thousands of Aussies travel abroad and if you have the right level of travel insurance and you fall ill or have an accident, travel insurance can ensure you get the best care and that you can be moved to a better facility or brought back home.
Protection from Medical Costs
A recent News.com.au story reported that an Aussie couple racked up $900,000 in medical bills after a car crash while traveling in the US. If they had not been covered, they would have had to pay that medical debt. Without travel insurance, you are liable for the cost of your treatment as Medicare will not pay or reimburse you for medical expenses incurred while abroad.
Cover Disruptions to Your Trip
Traveling can be expensive and while we can’t control Mother Nature, delayed flights and the such, you can control what you’re shelling out in cost. With the right travel insurance, incidents out of your control are usually covered so you don’t spend more money.
Reimbursed Losses & Expenses
Lost luggage or stolen luggage can be expensive when you need to replace them while traveling. Again, with the right travel insurance cover, if the airline loses your luggage or there’s a hotel blunder, you won’t lose money.
Any advice contained in this article is general in nature and does not take account of your particular objectives, personal circumstances or needs. If in doubt about your own situation you should seek appropriate advice.