I bet everyone has a friend of a friend who ended up in the deep end on their holiday without any travel insurance. It's a scary proposition to find yourself in but one that can so easily be avoided.
Take this for example – if you are involved in a car accident in the United States and require intensive care, the medical bill could climb to more than $300,000. Plus if you require lengthy hospitalisation, be prepared for a medical bill approaching $1 million. Ouch (and not because of the actual accident!)
Scooter accidents are probably the most common accidents in Bali and skiing and snowboarding injuries in Canada represent some of the most expensive medical claims.
All of these scenarios represent the fundamental reason why all travellers shouldn't leave the country without quality travel insurance.
Before you take off on your next holiday, consider these 10 things you need to know about travel insurance...
- Make sure you are in safe hands. It is important to ensure your insurance provider has their own in-house emergency medical team of doctors and nurses to provide assistance should you require it. This will save time when it comes to potentially life-saving action and decisions.
- Don't leave it too late. It won't cost any extra to arrange travel insurance at the time booking. However, it could potentially save you a fortune down the track.
- Ask your travel consultant. They are experienced travellers and will be able to assist you in finding the right product to suit your needs.
- Choose a reputable insurer. Choosing a company with a good reputation means they will know how to look after you in your time of need.
- Not all policies are the same. Travel insurance products can vary greatly. It's important to read what is covered and find the policy that is right for you.
- Ensure you have the China Hospital Deposit Guarantee Card to avoid any issues when needing hospital care on Mainland China.
- If you travel a lot, consider an annual travel policy. The weekly spend is less than the cost of your daily cup of coffee!
- Don't get caught out. Credit cards generally have strict restrictions for coverage; make sure you read the policy wording and understand the policy activation requirements and triggers.
- Keep hold of any reports or receipts, in the event you need to claim.
- Don't consider travelling overseas without travel insurance. "If you can't afford travel insurance, you can't afford to travel."
By Kellie Carty