What is excluded from cheap travel insurance?
Trip interruptions and cancellations: If your trip is interrupted or cancelled due to delays or circumstances outside of your control, a budget insurance policy might not cover these costs.
Missed flights: If you miss your flight for whatever reason, your insurance might not cover you for the cost of booking a new flight.
Pre-existing medical conditions: Any pre-existing medical conditions might not be covered by a budget insurance, or you will receive limited cover for these conditions.
Excess: A budget travel insurance might require you to pay a high excess for claims, due to lower insurance costs. You might also be required to pay for procedures upfront and claim back later.
Terrorism or natural disasters: A budget insurance policy might not cover you for any incidents related to terrorism or natural disasters.
Electronic equipment: Electronic equipment such as cameras, mobile phones, tablets, and laptops might not be covered by a budget insurance policy.
Watches and jewellery: Expensive jewellery and watches could be excluded from your cover.
Theft of cash: Any loss or theft of cash will not be replaced on a budget insurance policy.
Whichever travel insurance policy you choose, it is advisable to always read the Product Disclosure Statement (PDS) carefully, so that you are aware of what you are covered for. Don’t be fooled into thinking that a higher rate immediately means higher cover. Be wise when choosing travel insurance, and find the best policy for your budget.
We also offer tips on buying travel insurance for families