As the winter months close in, many Australians are likely looking to escape to brighter shores. Roy Morgan research has revealed that 2.7 million Australians took an overseas holiday, one of the largest volumes in years.
With so many people heading out of the country, perhaps for the first time, some may be dismissing travel insurance as unnecessary. Here are just a few reasons why insurance is that much more important when holidaying overseas.
The fact that airlines are getting better at keeping track of your bag is little comfort if you do find yourself stranded.
Arriving in a foreign country without your baggage can be a disaster, particularly if you are unable to speak the local language. Thankfully, this is a relatively uncommon experience, as SITA reports that only 6.5 bags in every 1,000 are mishandled globally, a drop on last year. But the fact that airlines are getting better at keeping track of your bag is little comfort if you do find yourself stranded.
Even worse can be finding that your money has gone missing or been stolen. Many travel insurance policies cover you for this eventuality, making it possible to get your holiday back on track without worrying about your missing cash.
No matter how well-planned your holiday is, you can end up encountering issues and having to cancel. When the situation is out of your control, a strike, sickness or an accident can put a stopper in your holiday plans.
With travel insurance, you can recover your capital and try again at a later date, rather than having to give up on your vacation before it has even truly begun.
Overseas medical assistance
Getting hurt overseas can be extraordinarily dangerous without the right cover. Some countries will refuse emergency assistance if you are uninsured or otherwise unable to pay. For example, Bali still remains one of the most popular overseas destinations for Australians to travel to according to Roy Morgan. But unlike other popular holiday spots like New Zealand and the UK, there is no reciprocal health agreement in place in Indonesia. If you get sick in Bali without travel insurance, you will have to foot the bill yourself.
A sudden sickness can put a big dent in your finances, and some injuries could put an end to your holiday altogether without treatment. Make sure you are covered with travel insurance to certify you don't come away from your holiday with an untreated injury or a hole in your wallet.
To discuss travel insurance in more detail, or for assistance in your domestic health insurance requirements, give HICA a call on 1300 44 22 01, or +61 3 9439 9888 from overseas.