You’ve got a deal. A holiday of a lifetime whether it is a cruise trip to Alaska, a Rocky Mountain rail journey in Canada, or a family vacation package to Disneyland. Now you think you can sit back and relax because you have organised everything. Think again. What could happen between now and when the holiday begins? You need to explore how the cancellation covers protect your holiday investment. Don’t risk your holiday with a last minute on travel insurance.
First of all, you can purchase travel insurance that covers cancellation fees up to 24 months in advance. Medical cover and other covers begin on your departure; however, the cancellation protection begins when you purchase your insurance covers on the date the Certificate is issued. You are covered for the defined events listed in the policy which may force you to delay or cancel your trip and if you have already left for your holiday, subsequent cancellation costs.
Cancellation or holiday deferments cost will be covered as well as pre-paid costs such as transportation – train, ship, accommodation, entertainment tickets – theme park, concert, Golf green fees, etc. You are also covered for loss of reward points which have been used to pre-purchase travel arrangments.
Common reasons for holiday cancellation covered by your travel insurance are:
- Natural disasters and extreme weather affecting scheduled transport.
- A sudden illness, injury, or the death of a travelling member or close relative.
- Loss or damage of your passport or travels documents or credit card.
- Job redundancy if you are a full-time permanent employee.
- A member of your travelling party who is a full-time student has to sit supplementary examinations.
It is important to read the Product Disclosure Statement and Policy Wording to see what is covered under the policy.
We all remember the recent events of Volcanic eruption and ash fall-out in Bali, or the Earthquake in Nepal in 2015, or the floods in Europe. Just think of the anxiety if you had no insurance protection. It is too late to purchase a policy once the event has happened, so the best strategy is to buy your insurance when you book and pay deposits for your trip.
Existing Medical Conditions
As you would expect your travel insurance policy has certain exclusions, If you or a member of your travelling party or a non-travelling relative at home, have an existing medical condition (other than those automatically covered) which required treatment or investigation in the 12 months prior to buying the policy then that existing medical condition will not be covered. Check the policy wording for further details.
What else should you know?
One of the most important reasons to buy travel insurance is to cover the cost of medical, hospital, dental costs overseas which can be more than ten times the equipvalent cost in Australia. Your private health insurance cover and Medicare benefits are unlikely to offer any protection for this cost.
Most people don’t realise the high cost involved in moving a sick or injured traveller to bring them home or to a location that provides good medical facilities. Air ambulance evacuations can cost well in excess of $100,000 depending on the country involved.
You don’t want to be caught without travel insurance if your baggage gets stolen or misdirected. Imagine arriving at your destination with nothing but the clothes you have on.
Why look at Ouch Travel Insurance?
A good travel insurance policy also covers you for emergency travel arrangements and accommodation expenses as well as costs for reasonable additional travel, meals, internet use and emergency telephone costs.
Don’t forget the travel insurance policy also has an emergency assistance hotline you can call 24/7 from anywhere in the world if something goes wrong and need help.
If you have any questions or need further clarification, please check the Product Disclosure Statement at ouchtravelinsurance.com.au or contact us at 1300 880 231.
Travel insurance is underwritten by QBE Insurance (Australia) Limited ABN 78 003191 035 AFSL 239545. Ouch Online Insurance Pty Limited ACN 115 166 946 is an Authorised Representative No. 291274 of QBE Insurance (Australia) Limited and issues policies on behalf of QBE Insurance (Australia) Limited. The information provided is of a general nature only. Please read the PDS to see if this product is right for you.