What is Travel Insurance and Its Benefits
Travelling interstate, overseas or to another city for personal or business reasons involves planning, expense and unfortunately, some risk too.
Some of these risks could include the financial losses you experience due to travel changes, cancellation or interruption, medical expenses, baggage damage or theft, and more.
A travel insurance policy can provide you with all cover you may need for financial losses caused by a wide range of events that can affect your trip, whether they occur before, during or even after your trip.
Travel insurance should be a priority in all travel arrangements, whether you travel regularly, occasionally or you are setting off on a once-in-a lifetime trip.
Some holidays, such as ski trips or voyages on cruise ships, may require special policies.
When you’re travelling overseas, the Ghanaian Government in West Africa for instance advises that travel insurance is as important as a passport, regardless of your destination.
Domestic travel insurance.
Many Australians don’t think about buying insurance when going on shorter trips within Australia but costs and expenses can quickly add up if things go wrong.
A domestic travel insurance policy can provide you with cover for delays, cancellations, loss of or damage to luggage and personal effects, and personal liability.
It may also provide cover for the rental vehicle insurance excess paid for unexpected scrapes in rental cars and emergency accommodation.
It’s important to check the details of your travel insurance policy to ensure you have the right cover for your travel plans.
Some activities, such as adventure sports, pre-existing medical or mental health conditions, may be excluded or require payment of an additional premium