Travel used to be for the more adventurous at heart but nowadays everything is continuously growing and evolving and even the travel industry is not immune. With budget airlines offering incredibly cheap flights and DIY online booking portals for flights and accommodation, it is easier than ever before to jet off somewhere exotic.
Most likely, when you start planning a trip you will have questions when it comes to the type of travel insurance you require. Insurance can end up getting fairly complicated and confusing, as there are many terms and clauses that are often full of legal jargon. There are many different levels of insurance that cover a variety of scenarios. Take a good look at where you are going, what you are doing, and match your insurance coverage accordingly. Depending on your plans, you may require comprehensive travel insurance, but it’s best to speak to your travel insurance provider to help select the appropriate level of cover for your trip.
Continue reading and we will explain the different types of travel insurance available so you can make the right decision for your trip.
Medical Travel Insurance
The first type of insurance we are going to look at will be medical related. This is a necessity for just about every single person who is going to plan a holiday. If you are in a foreign country you need to be covered in case you need medical treatment. Being insured can end up potentially saving you from a lot of financial issues if something major were to happen. It is much better to be prepared for a medical emergency and not have one than to be in urgent need of medical assistance without being covered.
Evacuation Travel Insurance
Here we have an interesting type of insurance that most people may not have thought about. There may be a situation when it is no longer safe to stay where you are holidaying. Things such as natural disasters, political upheaval, or military action could quickly change your travel situation. This type of insurance can sometimes cover being flown back to Australia for medical emergencies. It is best to be aware of the area you are headed and decide if evacuation insurance is right for you.
Personal Belongings Or Valuables Travel Insurance
This type of travel insurance is appropriate for those who want their belongings and valuables protected during their trip. If you’re on a longer holiday, gap year, backpacking around the world or even just a weekend away, with very valuable items like laptops and cameras, you might want to make sure that these belongings are covered in your travel insurance policy. This type of policy may be an extra or an add-on but it may cover your valuables if you are robbed or your hotel or hostel room is broken into.
Comprehensive Travel Insurance
Last, but certainly not least, there is comprehensive travel insurance. This is usually a top tier package deal that will combine some, if not all, of the above-mentioned insurances. If you want to feel completely safe and secure with the most coverage, this will be the type of protection you want to buy.
Keep Yourself Safe And Protected
There are a number of options you will have to consider before deciding on a travel insurance policy, and hopefully, this information will make it a bit easier. Just remember to plan accordingly, read the PDS to see exactly what is covered and what is not, and have fun on your trip.