No matter what life stage you’re at, taking to the road fulltime means you’ve got an unforgettable travel experience ahead of you! But what do you ultimately need when it comes to travel insurance?
Medical & Hospital
Almost every insurer will offer cover for medical expenses, and many offer unlimited coverage that covers medical and hospital treatments, and expatriation if you are sick or injured.
There are two main caveats here:
- First, if you have an existing medical condition (even if you’ve recovered or aren’t yet officially diagnosed), you need to disclose it upfront to see if it can be covered.
- Second, find out what medical circumstances your insurance applies to (or doesn’t) – for instance, if you’re in a car accident but were driving under the influence, it could mean no medical cover at all.
Activities & Sports
Planning on jet skiing? Windsurfing? Even skydiving on your trip?
True, travelling fulltime can be about taking on new experiences and learning new things. But whatever you choose, ensure it’s covered by your travel insurance.
If you’re unsure what the road ahead will bring, familiarise yourself with what you are/aren’t covered for, and the conditions involved (e.g. if you go scuba diving, will you need a guide or instructor to remain covered?).
- Remember: If you end up injured or ill while undertaking a certain activity that’s not included on your policy, your medical and other costs likely won’t be paid for by insurance.
Emergency Expenses & Going Home Early
Being away for a long time means anything can crop up. You might become sick and be unable to keep travelling, or a family member back home might fall ill or have a life-threatening accident.
Cover for emergency expenses and heading home early can take the expensive edge off this situation. In most cases, this means you can cancel prepaid flights, hotels or tours and (assuming they won’t refund you) put in an insurance claim for the money you lose.
- Tip: In some cases, the insurer might also offer cover for the cost of resuming your trip. This can be excellent for fulltime travellers, and can mean you won’t have to pay for an additional flight from Australia back to your previous destination.
Luggage, Devices & Valuables
You might not be taking much with you, but if you lose your luggage or valuables, or they end up stolen or broken while moving from place to place, insurance can help with replacement or repair costs.
You’ll usually need to provide evidence of ‘ownership’ to most insurers (to avoid fraudulent claims), so purchase receipts can be handy here.
- Tip: Don’t forget to check the limits for each item you want to claim as well; your camera might be worth $2,000, but don’t automatically assume you’re covered for the whole amount.
If you’re taking something expensive, an insurance package that gives you the option of doubling your covered amount can be useful.
Keep in mind that you’re responsible for all of your belongings, too. If you leave them alone on a beach while you go for a swim or ask a stranger to mind them, for instance, you often won’t see much claim success.
Disclaimer: Mitsui Sumitomo Insurance Company, Limited, ABN 49 000 525 637, issues InsureandGo Travel Insurance (the insurance). Please read the combined product disclosure statement and financial services guide available at www.insureandgo.com.au/policy-wordings.html to decide if the insurance is right for you.