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The real benefits of travel insurance

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Why you need travel insurance

Some say the best part of a holiday is planning it. Spending countless hours researching and then dreaming of all the places you’ll soon be going. It all leads up to that excitement as you close your front door and head off on your big adventure.

Travel insurance should be part of that planning, no matter where you’re heading. We say this for one simple reason… why bother with the scary ‘what ifs’? You don’t even need to think about them if you’ve got an appropriate level of travel insurance cover that can see you through any little unplanned adventure that may pop up while you’re away.

As you may be aware, travel insurance usually covers all the big issues that can crop up while you’re away. Here are some interesting benefits to travel insurance you may not have considered.

Peace of mind

At a basic level, travel insurance gives you the peace of mind to enjoy your holiday without the worries. While this isn’t a monetary benefit or something that is claimable, it’s something much more. Having an enjoyable holiday isn’t just about going to your favourite destination. It’s also about knowing that if anything unforeseen was to happen while you’re away (or before you go), that you’ll not need to re-mortgage the house to pay for it.

Help for when you’re sick

We’re lucky to have Medicare here in Australia, and even more lucky to enjoy reciprocal medical benefits in 11 countries. This means that if you become sick in any of these 11 countries, you could get help with some of the costs for essential medical treatment. If you’re travelling to one of the other 184 countries in the world, you’re going to need a helping hand. It could be something as small as needing to see a local GP if you lose your medication or something big like an accident or medical emergency. Having coverage for medical costs is a no-brainer as those costs can really add up and often, be beyond your control too.

Be comfortable, no matter what

Lost and stolen luggage can be a real pain in the backside. No one wants to spend their trip waiting for their suitcase to turn up and trying to make do with the clothes on their back. If you do need to replace the contents of your suitcase (even if you have travelled light and it’s only a temporary thing until your luggage finds you again), it’s still going to set you back a bit.

Being able to nip to the shops and grab some essentials shouldn’t be a chore. If you pre-load our multi-currency cash passport before you go, you’ll have access to that money at over 2.9 million locations worldwide where MasterCard is accepted. Hold onto your receipts too as you could also claim these replacement items thanks to your travel insurance.

Keep yourself out of trouble

This is one benefit we think most people simply wouldn’t consider until it happened to them. Exploring new countries is such a thrill, including all the little funny challenges that come along with it. Driving on the opposite side of the road and negotiating unfamiliar pavements while trying to read a map are the basis of hilarious holiday stories. However, not being familiar with your surroundings can mean accidents are more likely to happen. If you do cause an accident for which you are held legally liable, travel insurance can cover the associated costs that arise.

Find the right travel insurance cover for you

Taking the time to research and ensure you’ve got the right level of cover for your destination and the length of your trip is important. You don’t want to find yourself stranded without the appropriate cover just because you were too busy daydreaming about those Pina Coladas.

Remember to check the terms and conditions of your credit card before making any decisions as some credit cards offer free travel insurance (like our Visa Platinum Credit Card). However, it’s important to ensure that you check the insurance policy attached to the credit card (and the excess) so you know you’re getting the best deal.

For a quote, visit our Travel Insurance Quote Tool or speak with us to make sure you’ve got the best cover. It might take an extra few minutes out of your day, but it’ll save you a lot of heartache in the long run.

 

  Important Information

Our travel insurance is underwritten by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850, AFSL 234 708. Qudos Bank arranges this insurance as an agent for Allianz not as your agent. A Product Disclosure Statement (PDS) is available by calling 1300 747 747. Any information on this page does not take into consideration your objectives, financial situation or needs, which you should consider before acting on our recommendation. You should read and consider the relevant PDS and Financial Services Guide (FSG) before deciding whether to acquire any product mentioned. We receive commission on travel insurance products as a percentage of the premium paid for each policy of 30%. See our FSG or ask us for more details. Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305.

 

Article published June 2017