Everyone should know that travel insurance on holiday or on vacation is a must. Medical emergencies can cost up to $ 100,000 or more if evacuation is required. Canceled place, cruise or tour tickets can also be very expensive and sometimes there is nothing you can do to avoid it. Even theft of luggage can be expensive, as more and more people travel with notebooks and mobile phones.
Sometimes you may not want to pay for travel insurance. For long trips, the insurance can cost more than the insurance for injured. This is especially true for backpacking through places like Asia or Europe. Even backpackers may not have expensive tours or luggage to worry about. The usual overall level of holiday insurance is largely wasted on these individuals.
Many travel insurance companies offer deals for the budget conscious and backpackers. These plans typically cover general medical expenses such as hospitalization, medical and operating costs, dental expenses, and medical evacuation. Sometimes they also provide limited coverage in other areas such as luggage, credit card and document exchange. It is up to you to decide if you want to, as this will increase the premium.
In Australia, there are a few companies offering budget and backpacker travel insurance: iTrek Travel Insurance, Downunder Insurance, 1Cover Direct Insurance, Insure4Less and Travel Insurance Direct. You should look for reviews to determine the best policy for you.
Pay attention to the excess. The standard deductible is usually $ 100. However, some companies charge a higher deductible to offer you lower premiums. It is usually best to avoid high elevations, as this makes it difficult to use. However, this is usually not a problem for the budget travel insurance, as it covers only costly medical expenses, where the overage is only a fraction of what the bills would be.
Since each policy offers a different level of coverage that meets their own conditions, it is advisable to read the product disclosure policy. This is compulsory in Australia and describes all terms and conditions of the policy.