Young Australians 'taking risks abroad'

A new report from Australia Post has warned that many young Aussies jetting off to see the world and enjoy some adventures may not be fully covered by their insurance policies.

Indeed, some 40 per cent of globe-trotters between 18 and 29 may not be insured at all, meaning they could be in difficulties if they encounter a problem abroad and are unable to cope with it using their credit card.

The research also found that one in four travellers over the age of 50 is flying without insurance cover.

Although Australia has reciprocal healthcare agreements to cover the cost of essential medical treatment with a number of countries, including many in mainland Europe, the government has warned this should not be considered a replacement for adequate medical insurance.

The Commonwealth Bank recently indicated that Aussies are spending an estimated $360 million nationwide on travel documents they have lost or misplaced while abroad.

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