If you’re planning an overseas trip, chances are you’re swamped with choices when it comes to travel insurance. Since there are so many to choose from it can sometimes seem like a daunting and overwhelming experience, often leaving you uncertain about which one’s best.
At Mozo, we’ve done the hard work for you and simplified the process so you can get on with planning your trip and packing your bags. Just remember, this is a comparison tool for insurance if you’re travelling out of Australia. At this stage Mozo’s travel insurance comparison tool doesn’t cover domestic holidays.
When looking for travel insurance that best suits you, it’s a good idea to understand the different kinds that are available first. There are so many to choose from, so it’s never an easy task. Just by using our travel insurance Australia comparison tool at the end of our guide will help you sift through the noise.
It’s important that you familiarise yourself with the cover options available so you can then make the right choice for you. Travel insurance policies offered by Australian travel insurers will typically cover:
The good news is, if the unpredictable mishap occurs while traveling overseas, your medical bills will be covered. But there are two significant factors that may affect your claim should you fall ill or have an accident.
It’s a horrible feeling when a toothache starts at any time, let alone interrupt an overseas trip. Travellers can breathe a sigh of relief knowing that if the unfortunate timing of such pain should erupt, then they can seek dental help immediately and claim it afterwards.
Luggage and personal belongings
The thought of losing your luggage is every traveler’s nightmare. No one’s ever prepared for lost luggage. Rest assured, that if your luggage is lost in transit under the care of your airline, then your overseas travel insurance will cover you from $2000 - $12 000, depending on the cover you choose. But if your luggage is unattended and stolen from a public place or vehicle, then travel insurance may not cover you.
Cancellation and delays
If your flight is cancelled or delayed (generally by over 6 - 24 hours) your insurance provider would reimburse you for the delayed expenses, ensuring of course you leave plenty of travel time between hotel and airport, especially in case of poor traffic conditions. Because if you’re stuck in traffic for two hours and your flight is due to leave in half an hour, it’s unlikely that your policy will cover you to rebook your flight.
Accidental death and injury
No one ever anticipates accidental death or serious injury while abroad. That’s why it’s essential to have travel insurance when holidaying overseas. Medical bills can run into the thousands, and there’s no predicting how much time and care is needed during the course of treatment. In the unfortunate circumstance death being the result, then your beneficiaries will receive payment for a lump sum or loss of income, and may include funeral expenses, depending on the policy you secure.
Accidents are sometimes unavoidable. They can happen to you while on holiday, and sometimes they may be caused by you. An accident may happen especially if you’ve hired a scooter or car and are driving in unfamiliar territory. That’s why it’s a good idea to consider buying a personal liability cover, especially if you’re held responsible for causing harm to a person or property while traveling overseas.
Travel insurance policies don’t usually cover cash if it’s stolen. For policies that do cover stolen cash, you’ll need to check if the excess will outweigh the return. In most cases, the maximum amount of cash covered is up to $200.
Car rental excess
If you decide on hiring a car while traveling overseas, you’ll find you’re your basic overseas travel insurance policy covers you for rental car excess. But it’s easy to double up on paying for this because most car rental companies will offer you insurance also.
Airline and holiday default
Don’t leave your insurance to the last minute! The sooner you secure your overseas travel insurance, the better you are. Should you experience the unfortunate event of your airline or pre-paid holiday company going under, then your flights, transfers and accommodation expenses should be covered.
Think you have enough cover? Think again. You’ll need to comb through the fine print to really make sure you’re getting the best possible cover. Not every insurer will have all the inclusions you want, so understand exactly the cover you purchase before leaving Australia.
Your destination is key
If you’re traveling to global high-alert or unsafe territory, then you may need extra cover compared to someone traveling to a safer destination. It’s a good idea to do some background research to know which cover will best suit you.
Will the excess vary?
Every overseas travel insurance company has different fee structures. If the insurance is low yet the excess is high, then you may want to review your options by choosing a cover with an excess that reflects your financial situation should you make a claim.
Pre-existing medical conditions
It’s important to remember to disclose all pre-existing medical conditions to your overseas travel insurer. If you don’t, then it may affect your cover, should you fall ill relating to that pre-existing medical condition.
Understand all inclusions and exclusions
At Mozo, we believe in reading the fine print, and we hope that when choosing your overseas travel insurance, you will too. It’s better to be fully informed before traveling, because you never know if or when you’ll need to fall back on your policy.
When should I report an incident?
If the unthinkable incident of an illness or accident does occur, then you will need to report it to the authorities as soon as possible. You’ll need to consider requesting a doctor’s certificate, police report and receipts of all unexpected added costs to your trip.
Can I drive unlicensed?
Are you licensed to drive? If you don’t hold an international driver’s license then it’s a good idea to avoid driving altogether, even if the car or scooter company is allowing you.
Did you know that any injury or damage to property occurred whilst intoxicated will disqualify you from making a claim? It’s a good idea to drink sensibly when overseas, especially in countries where there are harsher penalties for drug and alcohol offences. You’ll also need to be mindful of spiking. Tourists can be an easy target, so keep an eye on your drinks.
The best thing about Mozo insurance comparison calculator, is you don't need to spend hours looking for the right travel insurance. When you’re just too busy to compare hundreds of overseas insurance products on the market, Mozo’s insurance comparison calculator is the ideal tool to help you get the cover you need, fast. Start off by taking a look at these links that can guide your decision.
Reading about other Australian’s personal traveling experience can often give you direct insight into a particular destination or experience with an insurer, which may or may not influence your decision when planning your overseas trip. Check out various scenarios and reviews.