I discovered today while arranging for travel insurance (TI) (which should be compulsory at least for medical and evac), that family annual multitrip will only cover the "family" if they are travelling with "you". Each family member is not individually covered except the first adult. So my understanding is that in a family of 2 ad and 3 ch, if adult a purchased TI then if adult b travels individually for another trip they are not covered. Am i correct?
I believe that at exit immigration there should be an exit "tax" for aussies who do not carry an eligible TI policy which covers at a minimum medical treatment and medical evac. The tax which should be a premium to comparable TI policies is then used to purchase travel insurance. So we don't get these situations where people get injured OS and we get sob stories and requests for help via crowdfunding etc etc. No travel insurance = exit tax which is say 150% of a comparable TI policy
TI on the other hand covers a lot of "extras" which are relatively unimportant
I say the top 5 "Musts" in a TI policy is:
Medical treatment
Medical evacuation
Rental vehicle excess
Personal liability
Evacuation for terrorism, coup detat, riots, political/civil unrest, natural disasters etc etc.
Everything else should be optional.
A couple of people have mentioned dom travel insurance, well for me personally I'm not so worried as it's always possible to get back home by driving if the worst comes to the worst.
I have gotten dom TI a couple of times when I realized that it was cheaper (at worst the same price) to do that than pay for car hire excess insurance. But there I was more worried about not been out of pocket if it crashed the car, the medical and other benefits where simply icing on the cake.
Frequent traveller policies include domestic cover, mine paid for itself a few years back when a cyclone crept up on me, it's not always possible to get home by driving nor cheap. The domestic car hire coverage is probably the biggest benefit though in risk and $$$, especially during storm season.
Since most of my dom travel is within the golden triangle, whilst it's hardly a fun drive (I should know, I have driven from CBR to BNE / SYD and MEL vv within the space of a few weekends) it is certainly doable, and worst case scenario I can call family / friends to come and get me.
I've never bothered to get an annual policy since my travel amount is so up and down, so each trip I'll simply arrange a single trip TI policy before traveling.
I say the top 5 "Musts" in a TI policy is:
Medical treatment
Medical evacuation
Rental vehicle excess
Personal liability
Evacuation for terrorism, coup detat, riots, political/civil unrest, natural disasters etc etc.
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