Choosing the right travel insurance is important, especially if you are travelling overseas. In Australia, there are several different companies that you can choose from. It’s important to understand how each of these travel insurance providers work, so that you can make the best choice.
World Nomads
Founded in 2002 in Australia, World Nomads is a specialist travel insurance provider. Its policies are designed to meet the needs of travelers, and include a wide range of extra benefits. This includes medical and emergency evacuation, as well as luggage and personal liability.It is possible to purchase insurance before leaving Australia, or during a trip abroad. The company offers two types of plans. These include the Standard Plan and the Explorer Plan. The inclusions and benefits of each type vary, depending on the country and policy.
The Standard Plan is designed for those who want coverage for adventure activities. It provides medical emergency assistance for high-risk activities. This covers a variety of activities, including white water rafting, zip lining, black water rafting, and more.
HIF Travel Insurance
Founded in 1954, HIF is Australia’s oldest health fund. It is also the country’s only carbon neutral health fund. It offers a wide range of private health insurance policies designed to meet the specific needs of individual consumers. In 2013, HIF recorded $110 million in premiums.
Unlike most Australian health insurance companies, HIF has grown its policyholder base across the nation. The company has also won multiple CANSTAR awards for its hospital cover. It is not surprising that this not for profit provider has a vested interest in the medical travel industry.
Not only does it provide insurance for your pre-existing conditions, but it can also cover you for a host of other travel mishaps, such as delayed or lost luggage. For those whose plans change due to the vagaries of the travel industry, HIF Travel Insurance can even pay for cancellation costs if the airline is forced to cancel your flight.
Generali Global Assistance
Among the myriad travel insurance companies out there, Generali Global Assistance offers a well-rounded package of features and benefits that is sure to please the discerning traveler. The company’s offerings include products and services that can be purchased through digital and physical channels. Some of the most notable products and services include medical coverage, trip and baggage insurance, and travel insurance to name a few.
Generali’s travel insurance product line includes three plans. The Premium plan provides the most comprehensive coverage, as well as the highest coverage limits in some categories. The company’s Preferred plan, on the other hand, offers special coverage for sporting equipment and a higher limit of protection than its Standard counterpart. The company also boasts a nifty one page policy form that is easy to navigate.
Nationwide Insurance
Founded in 1926 as Farm Bureau Mutual Automobile Insurance Company, Nationwide is a Fortune 100 company that provides auto, home, and life insurance. It is headquartered in Columbus, Ohio and has regional offices in San Antonio, Texas, and Scottsdale, Arizona.
Nationwide is an insurance company that focuses on personal clients, and offers comprehensive coverage options. It offers car and home insurance, as well as professional liability and managed healthcare coverage.
As a mutual insurer, the company is owned by policyholders. The company has a low complaint ratio, and has been accredited by the Better Business Bureau.
The company offers a number of discounts, including a defensive driving discount for drivers who complete a safe driving course. It also offers a multi-car discount and a multi-policy discount. The company’s mobile app has a highly rated rating. It is free to download, and provides information on Nationwide’s discounts and policies.
SafetyWing
Whether you’re planning a quick trip or a long-haul one, SafetyWing travel insurance can offer you peace of mind. The company offers comprehensive medical coverage for a relatively low price. Among other things, it includes common carrier accidental death and dismemberment coverage.
The company’s subscription model means that you can purchase a single policy or opt in to a monthly renewal program. In addition, you can adjust your coverage based on your needs. For example, you can get a high-deductible plan to reduce your overall premium. In fact, SafetyWing has some of the lowest premiums on the market.
SafetyWing has some unique features that you may not find in other travel insurance companies. For example, they don’t require you to specify a specific time frame for your trip. In this way, you can enjoy instant cover as soon as you arrive abroad. This is especially useful for longer trips. In addition, SafetyWing has an excellent reputation for reliability.
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