Health Insurance

Why travel insurance is essential for overseas travel

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Written by animalszoom

An overseas holiday is a very enjoyable time, and it may seem a shame to think about what could go wrong, but just because you’re in another country, there’s no reason to assume you’re less likely to foul out the dangers of everyday life. Theft, loss and medical emergencies will at least affect you while on vacation, and the experience will be more painful if you are not covered and have to bear the full weight of any financial loss. Rather than viewing travel insurance as an unwelcome expense, remember that what you’re paying for is the peace of mind that allows you to relax and enjoy your vacation without worrying about how you’ll respond if something goes wrong. Travel insurance is an essential part of any overseas holiday, whether you are a healthy young backpacker, an older traveler on a group tour or a young family on holiday.

If you’re still not convinced, check out these reasons why you might need travel insurance.

1) Medical

Australian government statistics tell us that the Australian consulate handles 900 deaths and 1200 overseas traveller hospitalisations each year. Hospitals in Southeast Asia can cost as much as $1,000 a day, and if travelers are uninsured, they are likely to bear the full cost. The same government statistics indicate that there are approximately 50 medical evacuations per year. When you consider that you may have to pay $100,000 to evacuate from the United States, you see the importance of being insured.

2) Loss

Things get lost when traveling. When you’re sightseeing in an unfamiliar city, luggage gets lost at the airport and wallets get stolen because you’re not on the street like at home. As long as you have insurance, there is no need to be paranoid. Losing possessions is always frustrating, but having insurance is the difference between a temporary inconvenience and an expensive disaster that can ruin an entire vacation.

3) Flight Cancellation

Flight cancellations are common and stressful. At least you’ll find yourself hanging out at the airport for hours. If you have a turn or turn, the chain reaction can be worse — and very expensive. Even if you don’t, you may find that you suddenly need to arrange extra accommodation at the last minute, or you may miss out on one or more nights already paid for at your destination. Buy basic travel insurance and you will be covered for these issues.

4) Natural behavior

If you are stranded overseas due to a natural disaster such as a hurricane or typhoon, your insurance may cover you. If you’re going to a high-risk area for this phenomenon, it’s best to make it a priority when choosing your policy, as it’s not always covered.

5) Personal situation

Unexpected circumstances in your personal life may mean that you have to shorten your travel time or even postpone it entirely. You never know when you will get sick or suffer a family bereavement. Travel insurance will allow you to recoup some of the costs incurred by delaying or shortening your vacation.

Far from being a necessary evil, travel insurance is a safety net that ensures you don’t unnecessarily out of pocket for an overseas vacation. It also doesn’t need to be expensive. There are plenty of cheap travel insurance deals out there, so there’s no reason to leave home without it.

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