Travel Insurance

Holiday travel insurance is something that we all need when heading away for our holidays. Whether we are just heading off on a weeklong trip interstate or jetting off overseas on a European adventure, we should investigate what benefits holiday travel insurance offers us.

In some cases, you may not think there will be a need for travel insurance, especially it’s a fairly short drive to a “local” holiday destination within your own state. The one major disaster that we are likely to face on our “local” holiday is the car or campervan breaking down on the road. Most people will or should have taken steps to ensure that they have road assistance.

Holiday Travel Insurance products will vary and you will need to read through the different features offered.

Some of the important aspects of Holiday Travel that you will want to know if you are covered for include:

• Accommodation
• Flights
• Loss or theft of luggage

Unfortunately, things do go wrong on holidays and you'll want some peace of mind that you are covered and wont suffer any financial loss. It’s bad enough to be inconvenienced by delays, but it is far worse to be uninsured and suffer a heavy financial loss when you should be busy having a great time.

Why take out Travel Insurance for an overseas holiday?

Medical Expenses: The number one reason for taking out travel insurance is to cover any medical expenses that you may incur on an overseas holiday. Figures released by the Australian government show that there are more than 20,000 Australians who find themselves needing assistance each year.

You can see from the figures* quoted below that you can face some serious long-term financial hardship if you don’t have any travel insurance and something untoward happens to you or a family member.

• Daily hospitalisation costs in Southeast Asia regularly exceed $800.
• Medical evacuation costs from Bali have exceeded $60,000.
• Return of remains from Europe costs in excess of $10,000.
• Medical evacuations from the United States regularly range from $75,000 to $95,000 and can be up to $300,000.

* Figures sourced from Smarttraveller.gov.au