The importance of travel insurance

If there has been one good thing to come from the Bali flight cancellations caused by the volcanic ash, it was more awareness of “the value of quality Insurance products”.

The Insurance Council of Australia (ICA) estimated that one in four people heading to Bali did so without cover prior to the 2015 eruption of Mt Raung.

Whether travelling abroad for business or pleasure, the effect of the “Bali Ash” situation has highlighted the importance of obtaining adequate Travel Insurance coverage prior to departure.

the effect of the “Bali Ash” situation has highlighted the importance of obtaining adequate Travel Insurance coverage prior to departure…

There are many insurance policies, including some that are attached to credit cards, that don’t provide coverage for flight cancellations and further on-going costs associated with the cancellation. Certain policies provide coverage for medical expenses only and are priced accordingly.

It is reasonable, dependent on your chosen Insurer, to expect that all “out-of-pocket” expenses should be reimbursed.

Also, if ever you find yourself in a position where you need to make a travel claim here are some tips that may assist;

Get it down on paper:

If your flight is cancelled or delayed, obtain written proof from your airline.

Contact your Insurer/Broker:

Before paying for any extra accommodation or flights check with your Insurer/Broker that added costs will be covered.

Keep receipts:

Your Insurer will need some type of proof of payment in order to pay out your claim.

Whether you’re a vacation veteran or first time flyer, any type of natural disaster can cause frustration. Whilst you always plan for the unexpected, a good understanding of your travel policy can help to smooth out any holiday hurdles.

As always check with us to ensure that you have appropriate and adequate coverage.

If you would like any assistance in this area, please email us on tbib@tbib.com.au or call us on 07 3252 5254 and talk to one of our brokers.