The last thing you want is having to fork out a hefty bill for lost luggage, canceled flights or medical fees while you’re traveling.
If there’s anything Covid and the recent surge in travel chaos has taught us, it’s the importance of travel insurance.
There’s been some pretty chaotic scenes at airports around the world in the past six months post-pandemic — with flight delays and cancellations and one of the more frequent issues, lost luggage.
However, according to Gary Hunter, travel insurance expert at Australian comparison site Finder, while it is super frustrating, it’s also something travel insurance can cover.
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But it’s not just that. He said anything can go wrong, such as accidents and health-related issues, which is where travel insurance can play a big role.
“Healthcare costs overseas will come at a high price, and that’s certainly not something you want to stress about on holiday,” Mr Hunter told news.com.au.
“A basic insurance policy can cost anywhere between $10 and $20 per day,” Mr Hunter said.
“You can get a cheaper rate by increasing your excess, but you’ll end up paying more if you need to make a claim. For example, if you lose your luggage, you’ll be required to pay the excess when putting through a claim.”
Best time to buy travel insurance
All too often one of the biggest mistakes Aussies make is leaving it to last minute to purchase cover.
“You should buy travel insurance as soon as possible after booking your trip,” Mr Hunter advises. “That way, if something happens before you go – for example you get sick, injured or a close family member