An adventure of a life time or life time of regret?

It is always important to remember when it comes traveling, it is far better to be prepared for the unexpected than to suffer the long term physical, emotional and financial consequences of not having the proper travel insurance policy in place.

At Rate Detective we're here to help you compare travel insurance policies and choose the most appropriate policy to suit your needs to ensure that the only thing you should be thinking about whilst on holiday is whether you'll have time to go for that elephant ride before dinner time.

Things to consider whilst applying for Travel Insurance:

Pre Existing Conditions

If you have a pre existing medical condition which you do not note on your policy and the condition suddenly flares up whilst you are travelling. It may deem your insurance policy invalid or you may not be able to claim your expenses with your insurer. So always read through your policy thoroughly when applying for insurance. However even this scenario where your ailment may not be covered for insurance, it is still important to apply for travel insurance in case of theft, cancellations or hazards that are not associated with your preexisting medical condition.

Extreme Sports or areas that have travel warnings

It is important to note, that the Travel Insurers duty to their company is to insure they do not insure an individual who purposely puts themselves in harms ways. Hence your policy may have many restrictions to extreme sports activities and may not include the remuneration for injuries associated with these activities. However due to the ever increasing popularity of these sports, some insurers are beginning to recognize the demand for this sort of insurance and are now simply charging a higher fee in order for you to receive that extra coverage. Furthermore if you choose to travel to an area where the Australian Government has put a travel warnings and restrictions in place, you do so at your own risks as many Insurers will not be able to provide coverage to individuals who make claims in these destinations.


Although many of us feel young at heart and even some of our grandparents have more energy and enthusiasm than our technology obsessed teenagers, our numerical ages still play a major factor when insurers assess our insurance policies. Generally if you are 45 and under, you will most likely be given cover easily if you have no preexisting ailments. And once you have reached over the age of 65, the policies are generally a lot more price sensitive, however there are still policies around for people who are young at heart and have an adventurous spirit.

Length of Stay

If you decide to go travelling for an undisclosed length of time, always insure you know the exact maximum length your policy allows for and the procedures in place to extend the duration of cover if you require it. For example, you would not want to be in this situation just after you policy expired.

A young man was travelling and decided to let his travel insurance policy expire just before he was to fly back home. He was suddenly hit by a car and suffered extremely serious head injuries. He was transported via ambulance to the emergency department and required intensive care until he was stable enough to be flown back to Australia. As his policy had expired, he was not covered by his insurance policy and the family received a devastating bill of over eighty thousand dollars for just the medical evacuation alone. His family has now taken out a second mortgage on their house to help raise funds to subsidies the costs, whilst he continues to recover from his injuries.

Applying after you arrive

It is extremely important for you to have your policy in place before you travel. The normal rule of thumb is that you can apply for travel insurance at least 24 hours before you depart. However if you find that you've completely forgotten to apply and you've already boarded your international flight, there are some (but very few) insurers that may provide you cover depending on the circumstances.

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Published on December 12-th, 2008 in Travel Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

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