Do you really need travel insurance?
Lost luggage, flight delays, overbooked hotels, these are some of the common inconveniences that travellers face. Travel insurance can cover these, but is it worth the expense? After all, you can buy new clothes wherever you are and arrange alternative transport and accommodation, and not be too much out of pocket. It would be annoying, certainly, but not financially disastrous to deal with such situations.
However, the single biggest reason for getting travel insurance is medical cover. If you've ever been overseas and required medical aid, you'll know just how valuable travel insurance is. Without it, you are personally liable for covering medical expenses - and the cost could be exorbitant depending on your situation.
No one wants to fall sick or require hospitalisation while they're holidaying, but it happens. Accidents and illnesses are often unavoidable, so having the right level of travel insurance can give you peace of mind and ease financial burdens.
Each year, the Australian government handles over 20,000 cases involving Australians in difficulty overseas, including those requiring hospitalisation or evacuation. However, they will not pay medical expenses incurred overseas, and neither will Medicare.
According to the Department of Foreign Affairs and Trade (DFAT), the cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and sometimes up to $300,000. In Southeast Asia, a favourite destination for Australians, daily hospitalisation costs can exceed $800. Medical evacuations from Bali have exceeded $60,000. Imagine having to pay these bills out of your own pocket.
The government's view is that travel insurance is as essential as your passport. They have dealt with cases where families have been forced to sell assets, including superannuation or family homes, so that they could bring loved ones back to Australia.
Given this risk, it makes sense to buy travel insurance and get yourself covered for the duration of your trip. With Australia Post's affordable travel insurance policies, you'll have cover for a wide range of possibilities plus have access to a 24-hour emergency assistance team.
Stay safe and happy while holidaying
Get 10% off1 basic or comprehensive covers, single or multi-trip policies, and for international or domestic destinations. Use promo code TRAVEL10 at the online checkout or in store.
- 1 Travel Insurance: 10% discount is not available in conjunction with any other offer. The premium will be rounded to the nearest $1 amount and as a result the discount received may be less than 10% in some cases. The discount will only be redeemable by quoting TRAVEL10 in store or online at time of purchase. Offer ends 30 June 2018.
- This advice is general in nature, and doesn't consider your needs or personal situation. You should consider your own needs and the Product Disclosure Statement (PDS) before making a decision to buy the product.
- Limits, sub-limits, conditions, exclusions and fees apply. Policies may not be available to all travellers. Australian Postal Corporation (ABN 28 864 970 579, AR No 338646) is the distributor of Australia Post Travel Insurance and is an Authorised Representative of Australia Post Services Pty Ltd (ABN 67 002 599 340 AFSL 457551). Travel insurance products are underwritten by Zurich Australian Insurance Limited (ABN 13 000 296 640, AFSL 232507). Consider your financial situation, needs and objectives and read the relevant Product Disclosure Statement before deciding to buy this insurance. Download a copy of the combined FSGS/PDS (596kb) , or for our In-store international Travel Insurance policies, contact us on 1300 728 015, email email@example.com or obtain a copy in-store.