Selecting the right travel insurance for you will involve some research, understanding what activities you will be partaking in, and the countries you are visiting.
Travel insurance does not necessarily have unlimited cover so it’s important to be informed and choose the right level of cover for your circumstances. Read the Policy Document and Product Disclosure Statement (PDS) carefully to ensure the risks that are important to you are covered and how much they are covered for.
When choosing a travel insurance policy, you should find out:
- What is included in the policy;
- What is excluded, and how this compares with your intended activities;
- How to contact your insurer when you are overseas;
- What paperwork or information you need to take with you;
- The dollar limits for claims on individual items and as a whole;
- The proof you need to make a claim;
- The cost of the premium;
- The amount of excess you would pay on a claim.
You should buy a policy that covers you for the full duration of your trip. If you anticipate you may extend your trip, discuss this with your insurer to see if you will be able to extend your policy.
For more information, visit Understand Insurance.