Do I Need Travel Insurance?

Being sick or injured away from home is not just inconvenient. It can be very expensive. And your health insurance does not cover you overseas.

Lost or stolen luggage, cancelled flights and lost deposits can put you out of pocket. In the case of overseas medical bills it could be tens of thousands of dollars. You don't have to be a risk-taker either, a broken ankle overseas can cost you thousands of dollars. Defence Health travel insurance can help provide peace of mind. 

Did you know?

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Travel is all about exploring and discovering new places but sometimes things can go wrong. While most people who have it will turn to their travel insurance for assistance in such moments, for others it is something they will think about too late. Each year, millions of Australians head overseas without the security of travel insurance.+ 

Take a closer look at some of the reasons people think they may not need travel insurance - and why it may be beneficial to be covered. 

 

The great myths of travel insurance

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Lost or stolen luggage, disrupted travel plans, rental vehicle damage - these are all problems that can occur in any destination and even on a short trip away. Travel insurance often provides cover for more than just the risk of injury or accident. When you purchase travel insurance you are reducing the need to worry about the 'what ifs.' Imagine something as simple as dropping your camera while overseas. The cost of a comprehensive travel policy may be a lot less than repairing or replacing the items yourself. 
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Let's say you have asthma and you hurt your leg while overseas - it may not make sense that your claim for treatment would automatically be denied. Your cover generally relates to the circumstances around an incident, and where there are exceptions to this it is clearly stated in your Product Disclosure Statement (PDS). The PDS may have a long list of conditions which are covered for no additional premium, and may also allow you to apply for other conditions that can be covered for an extra cost. You might be surprised how much cover you can actually get! The Australian embassy won't always be able to help you out overseas. The primary role of our consulates and embassies around the world is to provide legal and visa assistance to Australian residents while away from home. Covering your losses or bills is not on their list of services, nor are they expected to handle routine emergencies. A travel insurance policy is your best bet to provide cover for emergency medical care, refund travel bookings affected by natural disasters, and claim for property lost or stolen along the way.
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 4 out of the top 5 reasons for claims have nothing to do with illness or injury!* Lost or stolen property, delays to travel and missing travel documents are all incidents just as likely to occur as a trip to the emergency room. This is a great thing to have while you're in Australia, but your private health insurance will not provide cover for a single thing when you leave the country.
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It may be beneficial to purchase your travel insurance policy as soon as you start booking your trip. This may help provide cover for any unexpected events that may delay or cancel your trip prior to leaving. Credit card travel insurance can be a convenient option. However it is important to read the policy terms and conditions as some credit card travel insurance policies may only provide basic cover. Depending on your trip you may need to purchase extra cover to make sure all of your possessions and activities are covered.

 

A man holds his head in frustration at the base of a waterfall. Don't stress if you lose something on holidays - Consider Defence Health Travel Insurance before you go.
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*Based on claims data processed during 1 June 2014 – 31 July 2015 from Allianz Global Assistance. ^ Attorney General's Department, 'Identity Crime and misuse in Australia 2013-2014', Commonwealth of Australia, 2015. + Galaxy Research 2013, reported in Herald Sun, “Australians without travel insurance millions out of pocket each year”, 7 Feb 2014. Disclaimer: Travel insurance is arranged by Defence Health Ltd ABN 80 008 629 481 AFSL 313890. This insurance is issued and managed by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708. Terms, conditions, limits and exclusions apply. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. Before making a decision please consider the Product Disclosure Statement. If you purchase a policy, Defence Health receives a commission that is 10% to 20% of your premium.