How do you get the best travel insurance policy in Australia, New Zealand and any other part of the world?
There is almost nothing on Earth that is not without some form of risk hence the need for travel insurance. If you live in Australia and you want to go on a trip, you would probably be looking for the best travel insurance company in Australia.
Whether you are traveling domestically that is within the shores of Australia or your journey will take you outside Australia, travel insurance is almost non-negotiable.
In everything we do, we seek the best and insurance is not an exception. To this end, I have crafted this post to reveal the best travel insurance company in Australia and the guys you should go-to if you want to secure an insurance cover ahead of your trip.
For added value, I have also answered some very important questions that relate to travel insurance in Australia such as what travel insurance covers in Australia and how much does travel insurance cost in Australia.
The goal is to ensure that you, my dear reader gets a concise understanding of the dynamics of this insurance type.
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What is Travel Insurance?
Travel insurance is a form of insurance that protects against the risks associated with going on a journey.
There are several types of risks associated with going on a journey and these risks incur varying amounts of losses.
For example, which is often one of the prevalent risks associated with traveling, you can fall sick while in transit or at the place you are visiting.
Times and times again when I visit new places I fall sick due to the change in environment and the weather conditions in that new region. This is often the scenario with many people. While this is normal, it can be frustrating when this happens and there is no provision to foot your medical bills.
It is typical for travel insurance to cover the cost of your medical bills while you are away from home. Yours may not be falling sick but you may sustain some form of injury that needs urgent care. Whichever is yours, travel insurance is expected to cover your medical bills.
Peradventure, your flight gets canceled or your Visa application is disapproved or your trip is delayed, you can receive compensation as this may cause some financial strain to you.
The repatriation of a corpse that died away from home is also taken care of by your travel insurance. Suppose, death meets up with a person while they are visiting a different country other than their hometown, the cost of carrying the body back home is paid by the travel insurance company.
Also, you may become a victim of theft or have your items of luggage misplaced. As much as you try to be circumspect, detailed, and careful, your valuables may get stolen and this can cause a lot of inconveniences.
When you lose your valuables while on transit, you would be compensated if you have travel insurance in place.
Several other benefits accompany travel insurance in Australia. All of which would be captured in the policy statement that would be provided by the insurance company.
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What Does Travel Insurance Policy Cover in Australia?
The following are provisions of travel insurance that makes it an important insurance coverage to purchase.
- 24/7 access to medical assistance and bill payment
- Compensation for travel delays
- Cover for trip cancelation
- Compensation for lost or damaged luggage
- Handling of family emergencies when you travel
How to Get the Best Travel Insurance Policy in Australia
The process of getting the best travel insurance cover is not as difficult as it is widely believed. With the steps I would be outlining below, you can get the best deals and enjoy quality insurance coverage.
1. Know the Type of Insurance You Need
There are several options for travel insurance. Certain travel insurance covers are designed for persons who are going on a vacation or holiday or a business trip and so on.
Your choice of an insurance cover must be predicated on what you need it for. You may want an insurance cover that would take care of your family while you are away maybe because you intend to stay away for a long time.
When you have decided what type of insurance cover you need, you are one step on your journey to getting the best travel insurance.
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2. Get Insurance Quotes
The next step after you have decided what you need an insurance policy is to get insurance quotes. You can search for where to find travel insurance quotes or simply reach out to the travel insurance companies I will soon reveal.
3. Compare Quotes
After you have gotten as many quotes as possible, you need to compare each one of them. You are comparing each one to see which best fits your needs.
The task of getting and comparing quotes can be outsourced to a travel insurance agent. They can help you find and compare insurance quotes that would match your needs perfectly.
4. Find an Affordable Cover
It is essential to find a cover you can afford. You do not want to live above your means or break the bank because you need an insurance cover.
Nevertheless, not all cheap covers are the best. Your insurance agent should be able to guide you in this regard.
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5. Understand the Provisions of Your Travel Insurance Policy
Many potential insurance policyholders do not read the provisions and stipulations of their insurance policy. This is why a lot of them do not fully appropriate the dividends therein.
No matter how large or small the documents containing the provision of your cover is, ensure you read and understand its contents.
If you get confused, you can consult your insurance agent and have him or she explain what you do not understand.
Travel Insurance Companies in Australia
Here’s a list of the best travel insurance company in Australia:
- 1 Cover
- Amex American Express
- Budget Direct
- Columbus Direct
- Fast Cover
- Insure and Go
- Online Travel Insurance
- Simply Travel Insurance
- Zoom Travel Insurance
How Much Does Travel Insurance Cost in Australia
The average cost of travel insurance in Australia is about $50. The cost ranges between $20 and $120 with the cost varying from one insurer to another and travel insurance type.
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How Much Does a Baby Add to a Travel Insurance?
Some family insurance policies will offer you a free cover if you have a baby, like a toddler. The implication is that having a baby won’t add to your travel insurance policy. When you include your baby under your adult policy, it will help you to save cost.
Of course, you may need to read reviews, compare insurance quotes and check with your insurance provider to be sure who and what your policy covers. But if your insurer doesn’t cover that, ensure that toddlers and newborn babies in your family have their own travel insurance. This can include their baby accessories.
Can I Get Travel Insurance in Australia with Pre-existing Conditions?
Yes, you can get the best travel insurance policy in Australia with pre-existing conditions. However, you must disclose them at the time of application. It doesn’t matter whether you’ve recently been diagnosed, are recovering from treatment, living with a long-term medical condition or no longer have a condition, you must as a matter of necessity inform your insurance provider about your pre-existing conditions.
What happens if you don’t disclose a pre-existing condition before purchasing a travel insurance policy? Failure to disclosure a pre-existing disease can result in denial at the time of renewal of the policy or dishonoring of claims if made for such diseases.
Do I Need Travel Insurance for My Pet When Going Abroad?
It’s not a legal requirement to have pet insurance if you’re taking an animal abroad but it can make life easier and save you money if something. This is particularly important because your own travel insurance policy won’t include cover for your pets or their medical expenses.
Can you get travel insurance for your pet (dog or cat)? Yes! You can choose between Accident Only cover or cover for Accident and Illness for your pet. This depends largely on your budget.
Now you have it, the best travel insurance company in Australia. The need for travel insurance can not be overemphasized and whether you are traveling around Australia or you are going overseas, you need one nonetheless.
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