Planning a holiday is exciting, but have you considered travel insurance?
It’s something that is often overlooked until it's needed. Understanding the right time to purchase insurance and selecting the appropriate cover ahead of your trip can save you from unexpected costs and stress encountered while on your adventure.
Here's a brief guide on when it’s a smart idea to consider purchasing coverage:
Before you book expensive trips
If you're booking a big-ticket holiday—overseas trips, cruises, or luxury resorts—it’s a good idea to get travel insurance as soon as you make the reservation.
Many people wait until just before their trip to purchase insurance, but this can leave you exposed if something unexpected happens before your trip. If you need to cancel your trip or face a personal emergency that prevents you from traveling, you might not be eligible for reimbursement. Securing travel insurance early ensures you're protected from the moment you book your trip.
Looking to use your bank’s insurance offer? Check your credit card first
Many banks provide some insurance options through their credit card offerings, but it’s important to read the fine print and understand the eligibility criteria. Coverage might be limited to specific issues such as lost luggage or trip delays, and often doesn’t include medical expenses or trip cancellations.
In many cases, for the insurance to apply, you need to have paid for the entire trip—or at least the return flights—using that specific card. Before purchasing separate travel insurance, check your credit card’s terms to see what’s already covered and make sure your booking qualifies.
When traveling internationally
If you’re heading abroad, particularly to countries where healthcare costs are high, having travel insurance that includes medical coverage is crucial. Even minor accidents or illnesses can lead to significant expenses, and most domestic health insurance plans won’t cover you internationally.
If you're taking adventure trips
Planning on skiing, hiking, or diving? These kinds of activities come with higher risks. Standard travel insurance may not cover extreme sports or adventure activities, so you might need a specialised policy.
Through insurance.com.au, you can select additional coverage to protect you against these adventure trips, as well as any equipment you require for these trips. You can read more about the adventure trip cover on our travel page, here.
When traveling during uncertain times
If you're traveling during times of uncertainty—whether due to weather conditions, political instability, or global health concerns—travel insurance can provide peace of mind. It’s worth considering coverage for trip cancellations, delays, or interruptions in case the unexpected happens.
While travel insurance isn’t always necessary, it is a smart investment for your trip. It is important to plan for the unexpected. When in doubt, having some coverage can go a long way in ensuring your trip is as stress-free as possible!
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