Common Travel Insurance Misconceptions

Travel insurance is pretty awesome. For a reasonable cost, you can insure against the worst happening on your trip – so you can relax and enjoy the good stuff. But, there are a few misconceptions and myths surrounding travel insurance. To make sure you get the right cover – and stay protected as you travel – we’re going to debunk some of the most common ones.

Myth 1: You only need travel insurance to cover big trips overseas

There can be so much planning that goes into overseas travel. From researching the best places to go, to finding and comparing flights, to accommodation. You’ll also need to do a whole heap of other organising to make sure everything goes according to plan. It only makes sense that you want to protect your trip with travel insurance.

But it’s not only overseas jaunts that you should consider insurance for as things can go awry on domestic trips too. Apart from the core coverage for lost, stolen or damaged luggage reported to the police or transport provider within 24 hours and excluding items left unattended in a public place (per item limits apply), ,loss of travel documents where we will cover the cost to replace travel documents lost, stolen or damaged overseas (up to a maximum $500), the coverage can also extend to rental vehicle excess in the event you become liable to pay a rental vehicle insurance excess as a result of the theft of or collision involving Your Rental Vehicle by selecting the optional Driving Holiday Pack. You may also want to consider whether you need cover for interruptions or inconveniences to your journey resulting in postponement due to you or your travel companion being rendered unfit to travel on your start date due to an accidental injury or sickness in the opinion of a doctor.

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Myth 2: Your trip is will be completely covered by your credit card travel insurance

Credit card companies often offer travel insurance to customers who book travel with their card. While this can be handy, the travel insurance on offer is not always as extensive as many customers think, leaving them unknowingly uninsured when they travel.

Before you rely on your credit card insurance, be sure to read the fine print carefully to make absolutely sure it gives you the full cover you need – and that your trip is completely protected. Compare it to other travel insurance policies on offer and you may find that taking out a standard policy is a much wiser idea. Consider the different policies that Chubb Travel Insurance

Myth 3: Choosing cheaper travel insurance is not a good idea

We all compare travel insurance policies before we buy – but, should you cross a policy off your list just because it’s cheap? No! In some circumstances, a cheaper travel insurance policy can provide the cover you need. Just because it costs less, does not mean it won’t work! Just make sure to read the terms, conditions, exclusions and limitation to take note of what is covered by the insurance policy before going on your trip. To set your mind at ease, you may also want to do a little background research by checking online for reviews of the insurance provider.

Myth 4: You don’t really need to declare pre-existing medical conditions

You don’t really need to tell the insurer about your pre-existing medical condition, do you? Yep, you do. If you make a claim and the insurance provider finds out you did not disclose a pre-existing medical condition, your claim may be denied and you may be left to make the full payment for the claimed item. That’s not a good end to a holiday in anybody’s book.