In the year to June, Australians made a record 8.4 million short term overseas trips, proving the travel industry is huge. The types of trips vary, from leisurely trips to visit friends, to wild and adventurous rafting trips, but one thing they do have in common is that many opt for travel insurance for piece of mind when away.
With trip details varying so much, it's important to search for an individual policy and according to Yahoo Finance, it's an area in which you should seek professional advice.
There are a few things to consider when starting your search for the right travel insurance policy.
1. Will you be taking any items of value that need extra cover?
2. Do you have any pre-existing medical conditions?
3. What dollar limits are you prepared to accept on claims?
4. What proof will you need when making a claim and what paperwork are you required to take away with you?
Answering these questions should give you a good indication of the kind of cover you will be requesting.