Thousands of Australians experience some kind of trouble when holidaying overseas each year.
Having the right level of travel insurance cover is critical when traveling. If you fall ill or have an accident while overseas, travel insurance can ensure that you get the best quality of care and you can be moved, either back home or to a better medical facility, if needed.
If you require medical attention while traveling to overseas, you may be liable for the cost of your treatment if you don’t have travel insurance.
In many countries, medical treatment for visitors can be incredibly expensive; daily hospitalization costs in Southeast Asia regularly exceed $800; the cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and, in extreme cases, up to $300,000. Medicare will not pay or reimburse you for any medical expenses you incur overseas.
This covers you for costs if you suddenly find you can’t go on your trip for some unforeseen reason such as illness, an accident or a death of a close relative. The important thing to remember here is that for this section to be useful, you have to buy travel insurance when you start booking tickets and not the week before you leave.
Not all travel insurance plans cover cancellation, and only some cover your non-refundable, pre-booked costs if your trip is interrupted after you’ve left home, so please read the description of coverage (policy wording) relevant to you carefully.
While loss of your personal belongings is often the main reason most people buy travel insurance, it is arguably the least important: your things can be replaced but your health often can’t. World Nomads expects you to take ‘reasonable care’ of your belongings which means a claim may be denied if you leave your camera in a shared room in a hostel or in your car overnight (unsupervised in a public place) and it’s stolen.
If you are taking your laptop, camera and other valuables with you, some of our travel insurance plans allow you to specify these items to cover their higher value. Check your policy benefits and description of coverage (policy wording) carefully for the limits on this cover and exclusions, particularly for cash, high value items and sporting equipment.
First off this is not insurance for liability while you are driving your car. If you are involved in an accident or accidentally cause damage and are held accountable for it, insurance can cover your liability and legal expenses. Once again not all World Nomads insurers offer this type of cover so please read the description of coverage (policy wording) relevant to you.