Authored by Insureandgo.com.au
There are plenty of myths surrounding travel insurance, from thinking it’s unaffordable to believing it’s a waste of time. We bust 5 common travel insurance myths and explain why travel insurance is essential for every trip!
Myth #1: Travel Insurance is a Waste of Time
“I don’t need travel insurance. Nothing’s going to happen to me on my trip. And if it does, I’ll just deal with the costs myself.”
Busted: Anything could happen when you’re overseas. If you experience an emergency, getting help can be incredibly expensive.
Medical treatments and hospital stays can cost thousands per day, and even a simple medical evacuation can cost up to $300,000 in the US. If you don’t have that kind of cash to spare, travel insurance is the only thing that can help (your home government won’t help with financial fees).
(Read more about case studies of Australians travelling without medical/travel insurance abroad.)
Myth #2: Travel Insurance is Unaffordable
“Travel insurance is expensive and can pile hundreds of dollars on top of my trip costs – I can’t afford that!”
Busted: Buying travel insurance doesn’t have to be expensive. In fact, it often only costs a fraction of your overall trip. It’s simply a matter of considering various providers, choosing the right level of cover and shopping around to get the most competitive deal.
Myth #3: Travel Insurance is Only for High-Risk Holidays
“I’m not going to be doing anything crazy on my holiday – like bungee jumping, skiing, rock climbing or diving – so there’s no need for me to get travel insurance.”
Busted: Accidents and illnesses aren’t always the result of high-risk activities.
Even if you’re taking a ‘relaxing’ trip, unfortunate incidents – like road accidents, thefts and even food poisoning – can still occur, meaning you’ll need medical attention or another form of help.
Travel insurance is essential in ensuring you’re covered, no matter what you’ll be doing while you’re away!
Myth #4: Travel Insurance Should Be Purchased Through a Travel Agent
“Travel agents can provide expert travel advice and deals, so they’ll be able to give me a great deal on travel insurance too, right?”
Busted: This isn’t always true. Travel agents aren’t necessarily experts in travel insurance. Going through a travel agent doesn’t mean you’ll get the best policy for your holiday or the cheapest option.
A lot of the time, they might also only offer you insurance with certain companies because if you buy, it means more profit for them.
Myth #5: My Travel Insurance is Already Covered Elsewhere
“I already have travel insurance through my credit card or another insurance package, so I don’t need to buy another insurance policy.”
Busted: Even if you do have travel insurance cover through another provider, there can be strict limits and exclusions. You might also only be covered for the most basic of emergencies or incidents, or only for a minimal amount of money.
Going with a specific travel insurance package can mean much more comprehensive cover and more dedicated help when you need it most.
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Photo credits: Hand with stack of $100 bills by Pictures of Money.