While having an unlimited amount of money to spend on your travels is the dream of many, realistically, most of us travel on a pretty tight budget.
We understand you want the best deal, regardless of whether you’re a globetrotting retiree, backpacker, flashpacker, student, business traveller or family.
Fast Cover provides affordable travel insurance for every type of traveller, with flexible options so that you can tailor the policy to cover what's most important to you without blowing out your travel budget.
Who should buy travel insurance?
Travel insurance is an essential purchase for all travellers, no matter where you're headed or how tight your budget may be.
Even if you're only taking a short trip overseas, or travelling to a 'safe' first-world country, accidents can happen anywhere and emergency medical costs overseas can quickly reach hundreds of thousands of dollars.
The Australian Department of Foreign Affairs and Trade reports a medical evacuation in Bali could set you back $60,000 AUD, and medical bills in the United States can range from $75,000 to a whopping $300,000 AUD.
Medicare and private health insurance may not cover you for any overseas medical costs, and the Australian Government generally doesn't provide financial assistance.
This means that without travel insurance, you (or your family) would have to foot the bill for any unexpected expenses if you run into trouble overseas.
Who should get budget travel insurance?
The Australian Government’s Smart Traveller website says “if you can’t afford travel insurance, you can’t afford to travel”.
It may not be as exciting as booking accommodation or adventure tours, but you should always include travel insurance in the budget plan for your overall holiday expenses.
If your travel budget is super tight, you can tailor your Fast Cover travel insurance policy to cover just the things that are most important to you, and forgo benefits you won't need on your journey.
Some of the main benefits you might want to consider when looking for a travel insurance policy include:
- Unlimited emergency medical and hospital expenses
- Theft or loss of luggage and personal belongings
- Theft or loss of passports, cash and credit cards
- Travel delay expenses
- Alternative transport expenses
- Personal liability insurance
- Permanent disability insurance
- Accidental death insurance
- Loss of income insurance
- Adventure sports and activities
- Rental vehicle excess insurance
Remember it's important to compare the benefits and exclusions when shopping around for travel insurance, not just the prices.
Budget travel insurance does not necessarily mean limited!
Nothing is more important when travelling than your health and safety.
Fast Cover's Basics policy is ideal for travellers who just want cover in case they unexpectedly get sick or injured during their travels. It offers a high level of cover for overseas emergency medical and hospital expenses, without the other benefits like luggage and personal effects or cancellation costs.
If you're mostly concerned about emergency medical cover, but also need a few other benefits thrown in, our Standard Saver offers a high level of emergency medical and hospital expenses cover, as well as cover for cancellation costs, luggage and personal effects, and additional expenses.
Compare the levels of cover with your budget in the below table: