Travel Insurance for terrorism related issues

[JohnK]

Yes and No. Wouldn't work/drive/travel/live without the appropriate cover.

Define appropriate?

Health insurance. Car insurance. Home Insurance. Travel Insurance. Life insurance although I do not believe in it.

The rest is just overkill.

 

[amaroo]

Define appropriate?

Health insurance. Car insurance. Home Insurance. Travel Insurance. Life insurance although I do not believe in it.

The rest is just overkill.

I suppose it works a little like the more you have - the more you have to protect.

Did you catch the news today? Ten Islamic State militants have ‘slipped into Thailand’

AUTHORITIES believe at least ten Islamic State militants have slipped into Thailand with the intention of attacking western targets, a leaked police memo has revealed.The “urgent” and “secret” memo cited information about ten Syrian members of ISIS that was provided to Thailand authorities by the Russian Federal Security Service (FSB), according to Bangkok-based news service Khaosod.
It said four suspects had travelled to Pattaya, two Bangkok and two to coughet, with the remaining two heading to unknown locations.

 

[legroom]

Define appropriate?

Health insurance. Car insurance. Home Insurance. Travel Insurance. Life insurance although I do not believe in it.

The rest is just overkill.

The most important bit is the income protection JK

Without it, you may be in a private hospital while your car is being repaired and/or house rebuilt but you'd have zero income to service ongoing commitments.

Pricey but I have it.

 

[opusman]

At least it's tax deductible

 

[get me outta here]

Looking at the Australia Post Post PDF, it does not cover terrorism. It does cover reward points bookings (not in the plain language that I can follow though), but only has $5m public liability.

I don't plan on driving in the US which I suspect may be the most problematic re public liability, but even so, 5m is pretty low isn't it?

 

[MEL_Traveller]

Looking at the Australia Post Post PDF, it does not cover terrorism. It does cover reward points bookings (not in the plain language that I can follow though), but only has $5m public liability.

I don't plan on driving in the US which I suspect may be the most problematic re public liability, but even so, 5m is pretty low isn't it?

I would have thought $5m was enough! I dunno - I travel with $3m and am not losing any sleep over it Just by way of comparison - QF's 'preferred' partner QBE offers $3m on their super deluxe policy, with lesser amounts for more basic coverage.

The wording in the Aus Post PDS re FF points is pretty much standard. I just tried it manually with an example using QFFF points for a return to Europe (256K). It works out you basically get the full or pro-rata (in the event you might have completed some travel) amount back, based on the airfare at the time of the claim. (noting it would probably not be applicable to QF given there's only a 5000 point penalty if you are able to cancel).

 

[get me outta here]

Ok good I will rest easy with $5m. (Maybe I was thinking of contract work where some insist on $20m pub liability).

What does this red bit mean if I'm on a J or F redemption of which I have 4 coming up:

for frequent flyer or similar flight reward points lost following cancellation of Your airline ticket. The amount We will pay is calculated as follows: (i) the cost of the equivalent class airline ticket, based on the best available advance purchase airfare at the time the claim is processed, less Your financial contribution towards the airline ticket multiplied by (ii) the total amount of points lost divided by (iii) the total amount of points used to obtain the airline ticket.

I would have thought $5m was enough! I dunno - I travel with $3m and am not losing any sleep over it Just by way of comparison - QF's 'preferred' partner QBE offers $3m on their super deluxe policy, with lesser amounts for more basic coverage

.

The wording in the Aus Post PDS re FF points is pretty much standard. I just tried it manually with an example using QFFF points for a return to Europe (256K). It works out you basically get the full or pro-rata (in the event you might have completed some travel) amount back, based on the airfare at the time of the claim. (noting it would probably not be applicable to QF given there's only a 5000 point penalty if you are able to cancel).

 

[MEL_Traveller]

Ok good I will rest easy with $5m. (Maybe I was thinking of contract work where some insist on $20m pub liability).

What does this red bit mean if I'm on a J or F redemption of which I have 4 coming up:

for frequent flyer or similar flight reward points lost following cancellation of Your airline ticket. The amount We will pay is calculated as follows: (i) the cost of the equivalent class airline ticket, based on the best available advance purchase airfare at the time the claim is processed, less Your financial contribution towards the airline ticket multiplied by (ii) the total amount of points lost divided by (iii) the total amount of points used to obtain the airline ticket.

Basically they will take the cheapest available fare at the time of your claim for your class of travel.

So it will mean Aus Post uses the lower of any available business class fares, rather than the 'full flex'.

They have to be able to calculate your 'loss', so they do this against the best available airfare. Again, how relevant this might be will depend on your frequent flyer program. Qantas and many others allow you to cancel and receive a full refund less a small amount of points.

If the program doesn't allow cancellations, or won't refund the return leg after the outbound has been completed, you'd be eligible to receive the equivalent cash back.

 

[get me outta here]

Thanks MEL_T, what about half way through a trip and getting home ... is that in the class that I originally booked. I don't want to organise F and come back Y.

Basically they will take the cheapest available fare at the time of your claim for your class of travel.

So it will mean Aus Post uses the lower of any available business class fares, rather than the 'full flex'.

They have to be able to calculate your 'loss', so they do this against the best available airfare. Again, how relevant this might be will depend on your frequent flyer program. Qantas and many others allow you to cancel and receive a full refund less a small amount of points.

If the program doesn't allow cancellations, or won't refund the return leg after the outbound has been completed, you'd be eligible to receive the equivalent cash back.

 

[andye]

The most important bit is the income protection JK

Without it, you may be in a private hospital while your car is being repaired and/or house rebuilt but you'd have zero income to service ongoing commitments.

Pricey but I have it.

And nearly always a more sensible option than Critical Illness/Defined Illness/Accident benefit which are basically just a bet

Should insure outcomes (eg no income) not methods (eg cancer, hit by a bus)

 

[MEL_Traveller]

Thanks MEL_T, what about half way through a trip and getting home ... is that in the class that I originally booked. I don't want to organise F and come back Y.

The loss of frequent flyer points is relevant in the event of cancellations. If you have to cancel, and the airline won't refund your points, the methodology explains how much money you'll get back.

That is related but different to becoming ill and having to rearrange your flight to come home at another time. In that case you need to refer to the policy to see how the insurance company will bring you home. Some companies will bring you home in economy class only, others will fly you home in the same class you originally booked. It is rare, unless a doctor decrees it is absolutely necessary, for an insurance company to upgrade your return flight home (for example, you bought economy, but want to fly first class).

 

[amaroo]

The most important bit is the income protection JK

Without it, you may be in a private hospital while your car is being repaired and/or house rebuilt but you'd have zero income to service ongoing commitments.

Pricey but I have it.

Lost count of the $$$ we pay for the cover we have. IIRC Key-man insurance could be called excessive .... minor bucks in the scheme of things

 

[get me outta here]

I have emailed aussiepost asking about getting back from a trip if on an F rewards and something untoward happens, but no answer as yet.

The loss of frequent flyer points is relevant in the event of cancellations. If you have to cancel, and the airline won't refund your points, the methodology explains how much money you'll get back.

That is related but different to becoming ill and having to rearrange your flight to come home at another time. In that case you need to refer to the policy to see how the insurance company will bring you home. Some companies will bring you home in economy class only, others will fly you home in the same class you originally booked. It is rare, unless a doctor decrees it is absolutely necessary, for an insurance company to upgrade your return flight home (for example, you bought economy, but want to fly first class).

I am the key woman in my world.

Lost count of the $$$ we pay for the cover we have. IIRC Key-man insurance could be called excessive .... minor bucks in the scheme of things

 

[MEL_Traveller]

I have emailed aussiepost asking about getting back from a trip if on an F rewards and something untoward happens, but no answer as yet.

I suspect this will be covered by Section 2, 1(c), where Aus Post will pay:

c) reasonable Additional hotel accommodationexpenses and Additional transport expensesincurred by You and at the same fare class asoriginally booked, if You are unable to completethe Journey on the written advice of the overseasmedical practitioner;

This section needs to be read in conjunction with all the other inclusions and exclusions... so for example Aus Post would work with you to determine the appropriate method of your return. If You had booked Qantas First class for $10,000, but they could find you a ticket on Emirates for $6,000, you would likely be limited to the Emirates flight. Or indeed if you could change your award booking to fly home for 'free' at a convenient time they would ask you to take that option.

In the event your FF ticket couldn't be changed, you lose your points, and they paid to fly you home in First class, I would suspect you couldn't claim twice under the policy. You wouldn't for example be flown home and get paid out for any missing frequent flyer points.

Any other issues where you might need to rearrange your travel such as weather, ATC (etc) would be down to the airline (under standard IRROPS recovery).

Will be interesting to hear what they say back to you.

 

[get me outta here]

All they are doing is sending quotes from the PDS. But, yes, as you say 2, 1 (c) seems to cover it to be flown home in the same class that I booked, which is of interest if having booked F, or J.

I guess, if Y was booked, a J may be hoped for.

I suspect this will be covered by Section 2, 1(c), where Aus Post will pay:



This section needs to be read in conjunction with all the other inclusions and exclusions... so for example Aus Post would work with you to determine the appropriate method of your return. If You had booked Qantas First class for $10,000, but they could find you a ticket on Emirates for $6,000, you would likely be limited to the Emirates flight. Or indeed if you could change your award booking to fly home for 'free' at a convenient time they would ask you to take that option.

In the event your FF ticket couldn't be changed, you lose your points, and they paid to fly you home in First class, I would suspect you couldn't claim twice under the policy. You wouldn't for example be flown home and get paid out for any missing frequent flyer points.

Any other issues where you might need to rearrange your travel such as weather, ATC (etc) would be down to the airline (under standard IRROPS recovery).

Will be interesting to hear what they say back to you.