Budget Travel Insurance

“Why do so many leave home under insured when budget travel insurance is so easy to implement and affordable?

Surveys conducted across the travel industry indicate 1 in every 6 travellers covered by travel insurance file a claim – that’s a one in six chance you will need that cover you’d rather not take out. These are fairly high odds.

By comparison around 1 in 14 homeowners make a claim against their home insurance, yet there are few homeowners who would question the need to insure their home.

How to Find Budget Travel Deals

With the range of cheap travel insurance available that still provides extensive protection there is never any need for travellers to leave Australia without adequate cover. And yet an estimated 2 in 5 do.

With some travellers it is not a matter of price, as they mistakenly believe their credit card will fully cover any cancelled travel and accommodation arrangement and the like, or that Medicare covers overseas medical and hospital bills and emergency evacuation.

To find budget travel deals, purchase your travel insurance direct from the travel insurance company, saving around 50%-60% on cover purchased through the travel agents. One hundred percent online travel insurance companies come in as the cheapest option, making them a great choice for backpackers travel insurance, due to their lower overheads. These low overheads enable strong levels of policy and customer service support.

Having a wide range of policy levels is essential to cater for all budgets and travel needs. All companies start their options with medical only cover, which should include as a base line unlimited emergency medical assistance plus hospital, medical, dental and personal liability. Extras such as cash in hospital and emergency cash can make a critical difference.

Because people travel for so many different reasons and have such varied requirements and destinations, multiple tiers of cover with various costs have been introduced that take destination into account for travel insurance. UK and the rest of Europe is an example of this, with travel specific to Asia another… or worldwide but excluding the ultra medically expensive U.S.

Sourcing budget travel insurance to stretch the holiday dollars is important, however, travellers should also make sure the company provides a reliable 7-day a week phone contact and that all emergency assistance comes with a 24/7 reverse charge contact for emergency help and advice.