Travel insurance is an important part of any trip. It can help protect you from unexpected losses due to medical emergencies, flight delays, lost baggage, and more. Having the best travel insurance can provide you with peace of mind and financial protection if something goes wrong during your trip. It can also help you save money in the long run by providing coverage for medical expenses, lost luggage, and other costs that may arise.
The pandemic has undoubtedly reshaped the way we travel. It’s now absolutely imperative to select travel insurance that makes allowances for flights missed because you contracted the disease, as well as possible hospitalisation from its effects.
Although international travel is well and truly back, with many of us booking overseas trips, in 2023, Australians are travelling more cautiously. Fortunately many travel insurance policies provide specialised cover for pets, older travellers, adventurous activities and cruise voyages, giving tourists peace of mind.
The best way to think about travel insurance is to consider it as a contract between you and the travel insurance provider. You undertake not to put yourself in dangerous or high-risk situations (such as jumping on a motorbike in Thailand without a helmet or licence or running with the bulls in Spain after several drinks). And, in return, your travel insurance provider undertakes to look after you when trouble strikes.
Todd Nelson, Managing Director of Cover-More Australia
Lost baggage, legal liability and costs associated with pre-existing medical conditions can cost you a lot of money if you’re not covered while overseas and it’s imperative that you purchase an insurance policy that meets your individual needs.
For passengers in first and business class, it’s important that you make sure your insurance offers enough coverage to be able to reimburse you for higher-priced tickets. Not all travel insurance is the same, so we’ve compiled a list of the best travel insurance policies in 2023 to make sure you get home in one piece.
All Clear Travel
Voted the UK’s number one travel insurance provider for customer care, All Clear Travel offers extensive experience and an excellent product that will really put your mind at ease.
Cancellation cover is enough to deal with the frequent and sometimes consecutive border closures that have been a feature of international travel for the last two years. All Clear Travel also offer specialised policies for almost all medical conditions such as diabetes, heart disease and osteoporosis.
A huge range of programmes includes tailor-made policies for those over 70 and those on cruise voyages in almost every country across the globe.
The day before we flew out of the country, our daughter sustained injuries requiring hospitalization and surgery, delaying departure. We appreciated the reimbursement of new flight tickets, done without picky delays that can be typical of some travel insurance companies. We will definitely insure with All Clear again.
Penny M, All Clear Travel customer
Headquartered in Sydney, Cover-More serves more than 40 per cent of the Australian market and is one of Australia’s most trusted travel insurance companies. Their International Comprehensive+ Program covers you if you have to cancel your departing flight from Australia due to a COVID-19 diagnosis.
The protection doesn’t end there. This premium plan also covers you for any Covid diagnosis that affects your travel plans by forcing you to miss a flight. The plan helps with car rental coverage and offers up to A$25,000 in luggage coverage.
Are you going on a cruise? Will you be skiing or snowboarding? Jumping on a motorcycle or moped? You may have to pay slightly more premium to cover these activities or nominate them as ‘add-ons’, so it is critical you check.
Todd Nelson, Managing Director of Cover-More Australia
For those who live for adrenaline, quad biking, scuba diving and mountain biking are all covered under Cover-More’s additional Adventure+ program.
One of Australia’s most trusted insurers, the RAC is very reliable and renowned for its exemplary customer service record. Unlimited medical coverage is offered in its comprehensive international insurance plans, while grandchildren are given limited coverage for no extra fees.
Legal liability cover for up to A$10 million means that you can travel stress-free, knowing that accidents and mishaps won’t cost you big in the long run. A very handy rental vehicle excess covers you for up to A$8,000 and 24/7 emergency assistance is available to every policyholder.
For an older traveller, medical conditions are inevitable so understandably they want details. The questions were easy to understand and the whole process was much less difficult than with other companies and the price was very competitive.
Bob, RAC customer
Travel Insurance Saver
Backed by nib, one of Australia’s most trusted insurance providers, Travel Insurance Saver makes international and domestic travel stress-free with their flexible policies. A huge range of activities is covered, there’s no altitude limit for mountaineering and you can include cover for winter sports.
You can adjust your policy and pay a premium to allow for a A$0 excess fee if anything goes wrong and even purchase insurance from overseas with a very short 72-hour waiting period.
Travel Insurance 4 Medical
This UK travel insurance provider offers plans for a massive range of medical conditions globally. You can purchase insurance after screening online or over the phone in minutes and they say that if you or a loved one has been refused coverage at other providers, try them.
Travel Insurance 4 Medical’s Covid cover is top-tier and customers are entitled to have any costs associated with contracting Covid before or during their trip reimbursed. Their policies also cover you if a travelling companion, a person you’re planning on staying with or an immediate relative is hospitalised or passes away due to COVID-19.
A competitive price and very easy-to-use website make Travel Insurance 4 Medical a very strong option to give you peace of mind and let you enjoy your holiday.
Leisure Guard’s annual multi-trip travel insurance is designed specifically for those who like to travel often and offers competitive rates as low as £26.84, or A$47, for the entire year. Bolt-on optional coverage can be provided for cruise ship voyages and a long list of other activities such as winter sports.
Their Covid coverage for cancelled flights is another benefit of Leisure Guard’s travel insurance. Annual multi-trip Premier Plus covers you for up to £7,500, approximately A$13,150, in cancelled flights and £15 million (A$26.3 million) in medical expenses, as well as £3,000 (A$5,260) in baggage.
They’re supported by global insurance giant AXA and supply policyholders with a 24/7 helpline for emergencies.
The process was thorough, explaining terms of the appropriate policy and checking I understood and was satisfied with my purchase. The crowning satisfaction is that the policy is costing me less than the original quotation and still less than the premium last year!
Dorothy, Leisure Guard customer
This UK firm prides itself on a hassle-free travel insurance experience, providing coverage for 99 per cent of pre-existing medical conditions. Holiday Extras are the first choice for single-trip coverage due to how easy it is to purchase insurance, along with its very competitive rates and a wide selection of mishaps that can be claimed for.
The three levels of coverage offered by Holiday Extras means that plans can be personalised to suit individual needs. But, if you’re looking for maximum reassurance while travelling, the Gold level is by far the most useful.
Cancellation for any reason is covered up to £5,000, approximately A$8767, in value while the Gold level is the only policy that covers your furry friend.
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This article originally appeared on Fancy and do not necessarily represent the views of australiaexploring.com