Travel Insurance is not Compulsory, but it is Essential

For most people travelling overseas is a fantastic experience, a rite of passage or a well-deserved reward for working hard. Unfortunately there are some instances in which outings have not gone to plan and travellers are involved in accidents that result in injuries, hospitalisation or even death. Each year, Australian Consular Offices handle over 25,000 cases involving Australians in difficulty overseas including 1,200 hospitalisations, 900 deaths and 50 evacuations for medical purposes.

In these instances, where individuals have not protected themselves with travel insurance, such personal misfortunes are exacerbated with long-term financial burdens. Hospitalisation, medical evacuations and the return of a deceased’s remains to their home country can become quite costly. When travellers are not covered by travel insurance they are themselves liable for covering any incurred medical and associated expenses. In some cases, individuals and families have been forced to sell off assets including their homes, in order to ensure the safety and wellbeing of their loved ones.

Forms of travel insurance include coverage for trip cancellation/interruption, medical insurance, baggage loss/delay, flight delay/cancellation and travel document protection. Whether you holiday overseas often, occasionally or are planning a once-in-a-lifetime journey, travel insurance is very important. The cost of travel insurance is dependent on the form of coveragerequired, the age of the policy holder, destination of travel, how long you are intending to stay and any pre-existing medical conditions. It is important to obtain the best kind of travel insurance to suit your individual requirements and it is imperative that you fully divulge any variables that may impact your insurance otherwise you may be denied coverage in the event of illness or injury.

Like many insurance policies there are the standard general exclusions on most types of travel insurance and these can include acts of civil unrest, self-inflicted injury, loss/theft of unattended baggage, loss/theft of cash and pre-existing medical conditions. Some insurance policies may even invalidated in which injuries are sustained as a result of being under the influence of drugs or alcohol or during “dangerous or extreme activity” such as surfing, snowboarding, rock climbing, parachuting and underwater activities involving the use of artificial breathing apparatus so travellers should read the fine print of their policy to ensure their insurance is beneficial for them.

The consequences of not purchasing travel insurance far outweigh the costs associated in purchasing a policy. The general consensus is that is you can’t afford travel insurance then you shouldn’t travel. It is also imperative that you are insured for the entire time you will be travelling and not allow your insurance to run out before you return home.

If you’re looking for affordable travel insurance for peace of mind on your next holiday, TravelOnline in partnership with QBE Insurance will keep you safe and sound. TravelOnline and QBE are Australian travel insurance specialists.

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