Travelling is undeniably one of life’s greatest pleasures. Whether it’s exploring the bustling streets of a new city, basking in the sun on a tropical beach, or trekking through rugged mountains, each journey brings with it a sense of adventure and excitement. However, amidst all the anticipation and thrill, it’s crucial not to overlook the importance of Travel Insurance.
Travel Insurance serves as a safety net, offering financial protection and peace of mind in the face of unforeseen circumstances. From medical emergencies and trip cancellations to lost luggage and flight delays, the potential risks associated with travel are manifold. Without adequate insurance, you could find yourself facing exorbitant expenses and logistical nightmares.
Understanding Premiums: What Determines Them?
The cost of Travel Insurance, known as premiums, can vary widely depending on several factors. Insurers take into account various elements such as the traveller’s age, destination, pre-existing conditions, trip duration, and the level of cover required. Those that are older and with pre-existing conditions may face higher premiums or even exclusions from many providers. All Clear offers
When to Purchase Travel Insurance
The timing of purchasing Travel Insurance is a crucial consideration. While some may wait until the last minute, it’s generally advisable to secure cover well in advance of your trip. Buying Travel Insurance before booking a flight ensures that you’re protected from unforeseen events that may arise between booking and departure. Moreover, purchasing insurance early allows you to take advantage of comprehensive cover options and potentially lower premiums.
Can you buy Travel Insurance after booking a flight?
Yes, it is possible to purchase Travel Insurance after booking a flight. However, it’s essential to note that the cover may be limited, and certain benefits may not apply if purchased after booking. For instance, if you buy insurance after booking but before departure, you may still be covered for trip cancellation or interruption. However, cover for pre-existing medical conditions or certain high-risk activities may be excluded.
Can I buy Travel Insurance after departure?
In most cases, buying Travel Insurance after departure is not feasible. Once you’ve started your journey, insurance providers typically do not offer new policies or extensions to existing ones. This is because the risks associated with Travel Increase significantly once you’ve left your home country. Moreover, insurance companies require travellers to provide accurate information about their trip and any pre-existing conditions during the application process. Attempting to purchase insurance after departure could result in invalid cover or denial of claims in the event of an emergency.
What to Include/Check in the Product Disclosure Statement (PDS)
The Product Disclosure Statement (PDS) is a vital document that outlines the terms and conditions of your Travel Insurance policy. It’s essential to carefully review the PDS to understand what is covered and any exclusions or limitations that may apply. For individuals with pre-existing conditions, it’s particularly crucial to check if their condition is covered under the policy. AllClear stands out by offering insurance for all ages, and cover for over 1300+ pre-existing conditions. Checking the PDS beforehand ensures that you’re adequately protected and aware of any potential risks.
Ultimately, there are many considerations to make before booking a holiday, however Travel Insurance is a necessity that should not be forgotten. The best time to book Travel Insurance is well before your holiday, to allow time for any pre-existing conditions to be cleared with the insurance company. All Clear is a great choice, with comprehensive options and no upper age limit, covering various pre-existing medical conditions.
Important Notice
Any advice provided is general in nature and does not take into account of your particular needs and circumstances. Before purchasing the insurance, decide whether this product is right for you by reading the combined Product Disclosure Statement and Financial Services Guide available here. A Target Market Determination for this product is available here. We also recommend consulting with relevant governmental and local authorities, including checking the Smart Traveller website, before making any travel decisions – https://www.smartraveller.gov.au/disclaimer
This insurance is underwritten by the insurer Mitsui Sumitomo Insurance Company Limited (MSI), ABN 49 000 525 637, AFSL 240816. Europ Assistance Australia Pty Ltd (EAA) ABN 71140219594, AFSL 552106 holds a binding authority from the insurer, MSI to issue contracts of insurance and to deal with or settle claims on MSI’s behalf and as MSI’s agent.
AllClear Insurance Services Pty Ltd, ACN 165 270 066, trading as AllClear Travel Insurance, is an Authorised Representative (AR number 1311154) appointed by EAA to distribute and administer this insurance product.