Travel Insurance Benefits
If you’re injured or your luggage is stolen while you’re
on holiday, what you really want to know is am I covered and how much
money can I claim?
Here is a summary of benefits that an insurance company might pay out,
based on the popular Cover-More travel insurance offered at Flight Centre.
Cover-More Insurance Services manages approximately $125 million of travel
insurance sales per annum and arranges insurance for approximately 815,000
travellers each year. Here is a summary of Cover-More’s schedule
of benefits, which is a good guide of what to look for in a travel insurance
policy.
1. Overseas Medical And Dental
Cover for overseas hospital, medical, surgical, nursing, ambulance and
emergency dental expenses.
2. Additional Expenses
Cover for additional accommodation and transportation expenses as a result
of certain events including injury, sickness, disease, natural disasters,
collisions, strikes and lost travel documents.
3. Amendment Or Cancellation Costs
Cover, if due to unforeseen circumstances outside your control your journey
has to be re-arranged, or cancelled if it cannot be re-arranged. e.g.
illnesses, accidents, extreme weather conditions or retrenchment.
4. Luggage And Travel Documents
Cover for lost, stolen or damaged luggage, personal effects (including
dentures, glasses and contact lenses) and travel documents.
5. Delayed Luggage Allowance
Cover for the cost of essential emergency purchases overseas if all your
luggage is delayed by a transport provider. Delays in excess of 24 hours
– up to $500. Delays in excess of 72 hours – up to $1,000.
6. Money
Cover for cash that is lost or stolen from your person
7. Rental Car Insurance Excess
Cover for any rental car insurance excess you become liable to pay as
a result of damage to, or theft of, a rental car.
8. Travel Delay
Cover for additional accommodation expenses if your scheduled transport
is delayed for more than 6 hours.
9. Resumption Of Journey
Cover for the cost to return overseas if you have to return to Australia
early as a result of the ill health of a relative or business partner
in Australia.
10. Special Events
Covers additional costs to get you to a special event (as defined) if
your journey would otherwise be delayed and you would miss it due to unforeseen
circumstances outside your control.
11. Cash In Hospital
An allowance of $50 per night should you be confined to a hospital overseas
as a result of a disabling injury or sickness provided you are in hospital
for at least 48 hours.
12. Hijacking
An allowance of $50 per night should you be confined to a hospital overseas
as a result of a disabling injury or sickness provided you are in hospital
for at least 48 hours.
13. Loss Of Income
A Loss Of Income benefit is payable if, due to an injury sustained during
your journey, you are unable to work on your return to Australia.
14. Disability
A Disability Benefit is payable if caused by an injury sustained during
your journey which results in total loss of sight in one or both eyes
or total loss of the use of a limb.
15. Accidental Death
A Death Benefit is payable (to your estate) if caused by an injury sustained
during your journey. Limit of $1,000 for each accompanying child.
16. Personal Liability
Cover for legal liability if your negligence causes bodily injury or damage
to property of other persons.
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