How to avoid Australia’s most common travel insurance mistake

If there’s anything Covid and the recent surge in travel chaos has taught us, it’s the importance of travel insurance.

There’s been some pretty chaotic scenes at airports around the world in the past six months post-pandemic — with flight delays and cancellations and one of the more frequent issues, lost luggage.

However, according to Gary Hunter, travel insurance expert at Australian comparison site Finder, while it is super frustrating, it’s also something travel insurance can cover.

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But it’s not just that. He said anything can go wrong, such as accidents and health-related issues, which is where travel insurance can play a big role.

“Healthcare costs overseas will come at a high price, and that’s certainly not something you want to stress about on holiday,” Mr Hunter told news.com.au.

“A basic insurance policy can cost anywhere between $10 and $20 per day,” Mr Hunter said.

“You can get a cheaper rate by increasing your excess, but you’ll end up paying more if you need to make a claim. For example, if you lose your luggage, you’ll be required to pay the excess when putting through a claim.”

Best time to buy travel insurance

All too often one of the biggest mistakes Aussies make is leaving it to last minute to purchase cover.

“You should buy travel insurance as soon as possible after booking your trip,” Mr Hunter advises. “That way, if something happens before you go – for example you get sick, injured or a close family member falls ill – you’ll be covered for cancellation costs.

“Additionally. a few providers won’t accept Covid-related claims within 21 days of your trip.”

One of the most common questions people ask if “which is the right cover for me?” — to which Mr Hunter said: “A basic insurance policy can cost anywhere between $10 and $20 per day and will cover you for unlimited medical expenses if you’re travelling overseas.”

But he warned “not much else”.

“For example, it typically doesn’t cover you for cancellation costs or lost luggage. You’ll need a more comprehensive policy if you want cover for this,” he said.

“There are over 20 travel insurers that include cover for Covid-related expenses now. This can include paying for medical expenses, trip rearrangement or cancellations, and additional accommodation.”

He said as an example, it can cover you if you catch Covid while on your trip and you need to reschedule your flight home and pay for additional accommodation.

It comes as Australian woman Michelle Armenis urged fellow Aussies to take out travel insurance and check their policy “carefully” after her husband Babis had a stroke and a serious fall while in Greece.

Babis was in the country visiting his elderly mother when he suddenly ended up in a hospital in Corfu needing to have brain surgery.

His son Nik told Sky News he managed to get his dad back home to Australia but at a “huge…