Why Travel Insurance Is Essential for an Overseas Trip

An oversees holiday is a time of great enjoyment and it seems a shame to think about the things that can go wrong, but just because you are in another country there is no reason to assume that you are less likely to fall foul of any of the dangers of everyday life. Theft, loss and medical emergencies are at least as likely to affect you when on holiday, and the experience will be even more traumatic if you are not covered and have to bear the full weight of any financial losses. Instead of seeing travel insurance as an unwelcome expense, remember that what you are paying for is the peace of mind that will allow you to relax and enjoy your holiday, without worrying how you will cope if something goes wrong. Travel insurance is a vital part of any overseas holiday, whether you are a fit young backpacker, an elderly traveller joining a group tour or a young family on a resort holiday.

If you are still not convinced, take a look at these reasons why you might need travel insurance.

1) Medical

Australian government statistics tell us that each year Australian Consulates deal with 900 deaths and 1200 cases of overseas travellers being hospitalised. Hospitals in South East Asia can cost up to $1000 per day and if the traveller has no insurance cover then they are likely to be wholly responsible for the cost. The same government statistics point to approximately 50 medical evacuations per year. When you consider that you might have to pay $100,000 to be evacuated from the USA, you can see how important it is to be insured.

2) Loss

Things get lost when you are travelling. Baggage gets lost at airports and wallets get stolen when you are sightseeing in unfamiliar cities where you are not as streetwise as you would be at home. As long as you have insurance cover however there is no need to be paranoid. Losing your property is always frustrating, but having insurance is the difference between a temporary inconvenience and an expensive disaster that could ruin your entire holiday.

3) Flight Cancellation

Flight cancellations are quite common and extremely stressful. At the very least you can find yourself hanging around at an airport for hours. If you have connecting flights or transfers, the knock on effect can be much worse — and very expensive. Even if you don’t, you may find that you suddenly need to arrange extra accommodation at the last minute, or you might miss out on one or more nights accommodation already paid for at your destination. Take out basic travel insurance and you will be covered for each of these problems.

4) Acts of Nature

If you get stranded overseas as a result of an act of nature such as a hurricane or typhoon, you may be covered by your insurance. If you are going to an area with a high risk of such phenomena it is a good idea to make this a priority when choosing your policy, as it is not always covered.

5) Personal Circumstances

Unforeseen circumstances in your personal life might mean that you have to cut short your trip, or even postpone it completely. You never know when you are going to fall ill or suffer a family bereavement. Travel insurance will allow you to recover some of the costs of your postponed or curtailed holiday.

Far from being a necessary evil, travel insurance is a safety net to ensure that you do not find yourself unnecessarily out of pocket as a result of your overseas holiday. It doesn’t need to be expensive either. There are plenty of cheap travel insurance deals available, so there is no reason ever to leave home without it.

Cheap Travel Insurance Australia

If you’re considering buying cheap travel insurance, Australian insurance companies are definitely the way to go. These days, there are so many options for Australian holiday insurance plans, and each of them have their own advantages and disadvantages. Once you find the low-cost holiday insurance company that is right for you, consider scheduling a consultation with a representative in order to discuss your coverage options. Here is a basic guide to the different types of insurance:

1) Travel insurance

Overseas Single Trip – This plan offers comprehensive coverage for those interested in a one-time-only trip overseas, and is valid for 365 days after purchase. It is ideal for infrequent travelers interested in adding some extra protection to their holiday investment.

Domestic Single Trip – The domestic single trip plan is basically the same as the overseas plan, except it only covers trips taken within the country.

Medical Only Coverage – This plan is often the cheapest travel insurance available, and only covers incidents related to health, medicine, and rescue. It does not cover possessions, liability, or cancellations, and is good for those interested in a simple and basic package. It usually covers an unlimited amount of hospital expenses, so it is great method of budget travel insurance for travelers looking for peace of mind.

Annual Multi-Trip – This cheap annual travel insurance plan covers travelers on an unlimited number of trips within the next year, both domestic and abroad. The maximum trip length is 90 days, and families are often eligible for discount travel insurance deals.

Backpacker Coverage – Backpacker coverage generally focuses on health and wellness, as that is the primary issue facing those traveling on foot. However, it can also be extended to cover possessions and cancellations if desired.

2) Ski Insurance

Overseas Ski Cover – If you’re traveling abroad in order to go skiing, this plan will cover you in the event of piste closure, helicopter rescue, avalanche closure, and bad weather.

Australia Only Ski Cover – This is pretty much the same as the overseas plan, but it only applies to trips taken within Australia.

Annual Multi-Trip Ski Cover – This plan covers an unlimited amount of trips within a 365-day period. It’s a wonderful option for avid skiers!

3) Corporate Travel Insurance

These unique plans are designed to cover a whole team of employees. If your line of work requires your staff to travel quite frequently, corporate travel insurance may be the right choice for you. These plans cover employees and their families on work trips as well as holidays.

Travel Insurance For Backpackers And Hikers

If you have a tour in your mind and you want to travel the free way, a good backpacker travel insurance policy is a thing you must consider before tour. Backpacking trips are bit riskier than regular planned travels. So in such case good backpacker travel insurance becomes a mandatory criterion for a hassle free tour.

Most of the insurers don’t know all the benefits of insurance as they are unaware but these insurance policies help a traveler in many ways.

A Backpacker insurance policy is basically for those who are low on budget. You don’t have to pay high for regular insurance policy but you will surely get the essential coverage with backpackers travel insurance policy. It covers you and your luggage at very less cost, as this type of insurance is designed for backpackers who are known for their low budgeted and unplanned travel schedules.

Before going through you must know backpacker insurance policy and its features.

Features provided by backpacker travel insurance

There are some important features and coverage that backpacker travel insurance policy can provide, these are as follows;

  • In case if you have to extend you trip due to any unexpected reason, backpacker insurance covers it too.
  • You get all covers round the clock all the year no matter what time or circumstances are there.
  • If you get sick during you trip, all the medical expenses will be covered by backpacker insurance providers. Most of the time such insurance policies also covers personal incidents that occur during travel (please confirm this before buying insurance policy from you insurance provider).
  • Many travel insurance firms provide option to opt out which they don’t want to be covered and ask for the things which they want to be covered. This flexibility is an added advantage for insurers.
  • Many travel insurance firms provide the option to the insurer that what they really want to be covered in their policy. This flexibility is an added advantage for insurers.
  • Many backpacker tours for winter sports, some travel for scuba diving. Such adventurous sports have high risks involved which can lead you to physical damages. Covers for such sports are also available as an optional measure. You can add such sports covers in your existing insurance for added safety.
  • You can extend you insurance any time with a single click sitting at your home in front of your computer.
  • Make sure that insurance policy covers the location in which you are planning to travel. Some travel insurance companies provide insurance policies only for a certain country.

Now the biggest which every travelers generally asks is “Do I really need a backpacker insurance policy? And is it really worth it? “

Backpacker travel insurance is surely recommended for you if you fell into any of these categories

  • You travel alone at places which are expected.
  • Your travel schedule is unexpected and never planned.
  • You have medical history or you are above 50 years of age.

Backpacking is surely an adventurous trip but it has its own risks too. Backpackers are very prone to injuries, robbery and related issues. There are some possible issues in which backpackers can easily get coverage. These are as follows:

Tour cancellation – Trips are cancelled many times due to many issues. Sometimes due to bad weather and sometimes due to some personal reason, one has to cancel his/her trip.

Emergency medical care – backpackers are very much prone to issue like food poisoning, diarrhea and other infections. Such diseases can lead to serious health issues which can be covered by purchasing insurance.

Accidents – accidents are common and can be occur at any time. Insurance not only covers for your injury but also the person affected by your mistake.

Theft or robbery – backpacker usually travel alone. They also stay at budget hotels. All this makes them prone to things like baggage theft and robbery.

Considering the current global scenario which is quite unsafe, having proper backpacker travel insurance is very necessary.

A backpacker insurance policy can be a great help for every traveler who wants to travel the free way. So what are you waiting for? Get a backpacker travel insurance for yourself and roam free