We’re fast heading into the holiday season, and if you’re one of the many Australians looking for an overseas vacation, it’s recommended you start assessing your travel insurance options. The insurance market, like most financial services, has been heating up in 2015, meaning there’s both more chance of being lead astray and an increase of more competitive deals in the market.
The surge in competition among insurance providers is both a blessing and a curse for travellers: there’s plenty of great deals out there, but there’s also a slew of offers to wade your way through. This is where a comparison tool can act as your GPS to the best deals. Just get in early, to be covered for unseen cancellations. Buying insurance for your Bali trip a few months ago, for example, would probably mean the recent ash cloud would have not been a big deal – but don’t think finding cover now will be easy!
Only being covered for what you actually need is key to finding a better deal for your own, unique situation. Perhaps the most pertinent example of saving money with this perspective is the fact that certain credit cards have built-in travel insurance – and what screams ‘a good deal’ like not having to purchase insurance at all?
If you apply for your cover early you’re also likely to be that may happen in the lead up to departure, as they were unforeseen circumstances at the time of purchase. This means that delaying on your cover purchase leaves more time (and with it other variables) up in the air, which is where you should be – not your holidays plans.
You’re worked hard all year, and 2015 is finally coming to an end. It’s time to make your travel insurance list, check it twice, then say goodbye to the 9-5 grind, and unwind.