5 Steps to Buy Travel Insurance
Purchasing Travel insurance doesn't need to be difficult! Follow these simple 5 steps to cover you while you travel.
Purchasing travel insurance can be simple and easy with Fast Cover
Finally, the time of year rolls around where you get to go on vacation! After carefully picking out your destination, finding just the right places to stay, and checking all vaccinations, you take the plunge and book the flight ticket. Immediately, a question pops up on the screen: ‘Would you like to purchase travel insurance?’ While ticking a box during your ticket purchase may seem nice and convenient, buying your insurance this way may not be in your best interest. Following are a few tips on how to buy travel insurance to make sure you not only get the cover you need, but also don’t end up paying too much for it.
Before you buy…
Generally speaking, one in five Australian travellers need some sort of assistance on their trip. Whether it’s lost luggage, a cancelled hotel, or a medical emergency, with the right insurance policy you are covered. Pick the wrong insurance plan though, and you end up with out of pocket expenses and a bitter taste in your mouth.
Before purchasing any travel insurance, check out your existing insurance packages. Sometimes you are already covered for certain eventualities by your private medical insurance, and often credit card companies also offer a certain insurance cover when using them for buying flights or booking hotels. Knowing what you are already covered for means that you can either opt for additional cover through a travel insurance or simply cherry pick a policy that suits your requirements.
Step 1 – Consider what level of cover you need for your trip
Most insurance companies offer policies with various tiers of coverage for both domestic and international travel. These can range from emergency medical-only policies, to comprehensive policies which may include cover for lost or stolen luggage, missed connections or cancellation costs.
Also consider if you need any extra cover for:
- Pre-existing medical conditions
- Adventure sports and activities
- Skiing or snowboarding
- Specified item cover for high value items
- Rental vehicle insurance excess
Step 2 – Compare Travel Insurance Providers & Policies
Compare policies and prices, but remember the old adage: you get what you pay for! While it may be tempting to simply scrounge for the cheapest policy you can find, make sure you check for loopholes and exclusions hidden in the fine print that might come back to bite you later.
Check for features such as:
Step 3 – Read the Product Disclosure Statement (PDS)
It’s important to understand exactly what you are and aren’t covered for, so read the PDS carefully. Insurers will have their PDS available on their website or you can request a copy to be emailed or posted to you.
The PDS should include:
- Words with special meanings
- Eligibility criteria to purchase a policy
- What you ARE and AREN’T covered for
- A table of benefits (the limits and sub-limits of your cover)
- General exclusions
- Information on how to make a claim
Step 4 – Get a travel insurance quote
Now you’ve researched and compared policies, it’s time to get a quote for your travel insurance.
To get an accurate quote you’ll need to know:
- Your travel departure and return dates
- The regions you’re travelling to
- The names of all travellers
- The birth dates of all travellers
Step 5 – Purchase a travel insurance policy
The last step is to purchase your policy. At Fast Cover we’ve made it as fast and simple as possible. You can find and purchase your desired level of cover within a few clicks online or give us a call and we’ll be happy to arrange it for you.
To purchase a travel insurance policy:
- Go to our website: fastcover.com.au
- Or call us on: 1300 409 322
|Such a good insurance company
After having insured with Fast Cover many times I find the policy is of excellent value, and so easy to set up online. I have recommended this company to many of my friends as I am extremely satisfied with how friendly and helpful they are.
Mim – Productreview.com.au
|Comprehensive travel insurance
We have used Fast Cover many times and find this company in particular good value for money and cover all the items we need as senior travellers.
Rainy – Productreview.com.au
The policy was very well priced and options were available so I could tailor what I purchased to my needs. I set it up online, paid and had confirmation and printable paperwork in less than 15 minutes. On the occasion I needed to make a claim, this was dealt with quickly and satisfactorily by helpful telephone assistants. I continue to buy my travel insurance from Fast Cover.
Sandy – Productreview.com.au
^ For travellers aged 80 - 89, additional terms and conditions apply.
# Available with our Comprehensive policies only.
** No cover is provided for pregnancy, childbirth or related complications unless it is a single, uncomplicated pregnancy up to and including 23 weeks. In any event we will not pay medical expenses for regular antenatal care, childbirth at any gestation or care of the newborn child. Complications mean any secondary diagnosis occurring prior to, during the course of, concurrent with, or as a result of the pregnancy, which may adversely affect the pregnancy outcome.
+ Statistics based on 'Travel by Australians' quarterly report for June 2013, 'Tourism Industry Facts & Figures at a Glance' September 2012, Cruise Industry Source Market Report: Australia 2013 and Fast Cover Customers.
2 5% saving is based on the cost of a Duo policy versus the cost of two single policies. Excess reduction discount based on excess reduction cost under a Duo policy versus cost under two single policies. Duo policies do not provide cover for any dependent children.
3 Children or dependants under 21 years old and not in full time employment covered for free when travelling with an insured adult. Excludes Duo policies.
4 Price based on an 18 day Basics policy to Pacific region for Single traveller aged 50 years old or younger with $200 excess.
5 Additional terms and conditions, limits and excesses apply to travellers aged 80-89.
6 Must be accompanied by a professional instructor or guide.