Why do you need Travel Insurance?
Many travellers do not take out travel insurance believing “it won’t happen to me”. But it can and does happen to many travellers across the world. Some important points to consider are –
Many coach touring companies will not let you depart on a tour if you do not have sufficient travel insurance. This includes companies such as Trafalgar Tours and Contiki.
Medical costs can be very expensive when travelling internationally. Medicare does not cover you in most overseas countries.
If you cannot afford travel insurance, you cannot afford to travel.
Why DFAT do recommend travel insurance?
While most Australians travel safely overseas, some find themselves in trouble. Each year we handle over 20,000 cases involving Australians in difficulty overseas. This includes over 1,400 hospitalisations, 1,000 deaths and 30 evacuations of Australians to another location for medical purposes.
In cases where the victims are not covered by travel insurance, such personal tragedies can be further compounded by a long-term financial burden. Hospitalisation, medical evacuations, or even the return of the deceased’s remains to Australia, can be very expensive.
Daily hospitalisation costs in Southeast Asia regularly exceed $800; return of remains from Europe in excess of $10,000. The cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and sometimes up to $300,000. The Department has handled medical evacuations from Bali in which costs have exceeded $60,000.
Unfortunately, not all of these cases involved travellers covered by travel insurance. Travellers who are not covered by insurance are personally liable for covering incurred medical and associated costs. As a result, families have been forced to sell off assets, including their superannuation or family homes, to afford to bring loved ones back to Australia for treatment.
Where Australians cannot obtain travel insurance to cover their personal circumstances, they should consider the potential financial risks very carefully before deciding whether to proceed with planned travel overseas.
Why you would risk your trip without having a travel insurance? It is always wise to have a travel insurance while you are traveling overseas. We can get the best travel insurance policy for you to match your exact need within your budget.