Travelling can be an exciting adventure, but unexpected events can happen at any time, and it is important to be prepared for them. This is where travel insurance might come in handy. Travel insurance is a type of insurance that covers unexpected events that can occur during a trip, such as overseas medical emergencies, trip cancellations, or lost luggage.
What is travel insurance?
Travel insurance is a type of insurance that provides coverage for unexpected events that can occur while travelling. It can cover a wide range of situations, including overseas medical emergencies, trip cancellations, lost or stolen luggage, and even emergency medical evacuation. The specific coverage offered under a travel insurance policy can vary depending on the policy selected and the provider, so it is important to read the terms and conditions carefully before purchasing a policy.
How does travel insurance work?
Travel insurance works by providing coverage for unexpected events that can occur during a trip. When you purchase a travel insurance policy, you will pay a premium to the insurance provider. In exchange, the provider will provide coverage for certain situations, such as overseas medical emergencies, trip cancellations, or lost luggage. If one of these situations occurs during your trip, you can file a claim with the insurance provider for the expenses you incurred as a result of the event.
Why might you need travel insurance?
There are several reasons why you might need travel insurance. One of the most common reasons is to protect yourself against unexpected overseas medical expenses that can occur while travelling. If you become ill or injured during your trip and need urgent medical attention, travel insurance can help cover the costs of your treatment.
Another reason to consider travel insurance is to protect yourself against trip cancellations or interruptions. If you need to cancel or cut short your trip due to a covered reason, such as an illness or a natural disaster, travel insurance can help cover expenses you incurred as a result.
Travel insurance can also be useful for protecting your belongings while travelling. If your luggage is lost, stolen, or damaged during your trip, travel insurance can help cover the cost of replacing your belongings.
What are the types of travel insurance available?
Overall, travel insurance is a type of insurance that can provide valuable coverage for unexpected events that can occur while travelling. By purchasing a travel insurance policy, you can help protect yourself against unexpected overseas medical expenses, trip cancellations, and lost or stolen luggage. When choosing a policy, it is important to read the terms and conditions carefully to ensure that you are getting the coverage you need.
Qantas offers different types of travel insurance such as:
Australian Comprehensive Travel Insurance
Australian Comprehensive Travel Insurance is an insurance policy that can help provide cover when you are travelling domestically in Australia. This type of policy offers cover for:
Trip cancellations due to sickness or injury before your trip;
Travel delays if your scheduled pre-booked transport is delayed from departing by more than 6 hours;
Rental car excess to cover the excess or deductible owed to the rental agency if your rental vehicle is damaged or stolen;
Your luggage if it is lost, stolen or damaged while travelling.
International Comprehensive Travel Insurance
International Comprehensive Travel Insurance is an insurance policy that can help provide you with cover when you are travelling outside of Australia. This type of policy offers cover for:
Medical expenses if you get sick while on your overseas trip including if you’re diagnosed with COVID;
Cancellation costs due to sickness or injury before or while you’re on your trip;
Rental car excess to cover the excess or deductible owed to the rental agency if your rental vehicle is damaged or stolen;
Your luggage if it is lost, stolen or damaged while travelling.
Annual Multi Trip Travel Insurance
An annual multi trip travel insurance policy is a type of insurance policy that provides you with cover for an unlimited number of trips, over a 12-month period either domestically or internationally. Each trip must not exceed a certain number of days, so be sure to check the policy on what the maximum duration limit per trip is. This type of policy is designed for frequent travellers. This type of policy offers cover for:
Overseas medical expenses if you get sick while on your trip including if you’re diagnosed with COVID;
Cancellation costs due to sickness or injury before or while you’re on your trip;
Rental car excess to cover the excess or deductible owed to the rental agency if your rental vehicle is damaged or stolen;
Your luggage if it is lost, stolen or damaged while travelling.
Disclaimer Qantas Travel Insurance is issued by AIG Australia Limited ABN 93 004 727 753, AFSL 381686 (“AIG”). Qantas Airways Limited is AIG’s authorised representative (AR 261363). This is general advice only and your objectives, financial situation or needs have not been taken into account. You should consider whether the advice is suitable for you and your personal circumstances. Before making any decision to buy the travel insurance, you should read the Product Disclosure Statement (PDS), Target Market Determination (TMD) and Financial Services Guide (FSG).
