Getting travel insurance before you travel anywhere, whether to another country or domestically, is the sensible thing to do. However, it is not as simple as signing up for the first travel policy offered to you, because just like with other kinds of insurance policies, there are different kinds of travel insurance policies to answer the different needs of travellers.
In choosing travel insurance, you should make sure that the policy you get covers all of your needs. At the same time, you should also make sure that you don’t end up wasting money on a policy that covers things you will definitely have no chance of encountering on your trip. For example, if you are just taking a vacation in your own country then there is obviously no point in getting a travel insurance policy that covers international SOS. Instead, you should just save time and money by comparing and getting domestic travel insurance.
If you are traveling overseas, check your health insurance policy to see if it already covers overseas medical expenses. Make sure you check the exact details of the coverage because it might only cover specific treatments and the coverage may be too small. If your health insurance is enough, there is no need to spend extra money on getting travel insurance that covers overseas medical expenses. On the other hand, if it does not provide coverage, then you’ll know that you’ll need to get additional coverage from your travel insurance.
Remember, the Australian Government advises that â€œif you can’t afford travel insurance, you can’t afford to travel”.