Travel Insurance for Expatriates
It is very unlikely that you will find the best “value for money” in travel insurance at your travel agent – this is regardless of whether your agency is based in Australia or if you are an expatriate and using a “local” travel agency.
Simple economics means that the travel insurance is usually best purchased over the internet and this is particularly the case if you are over 70 years of age or have a pre-existing condition which you need covered.
In the past, expats have sometimes been limited to taking travel from “local” insurers in their host country, but this is rarely the case now with online travel insurance cover on a very competitive basis now available for expatriates in almost all countries.
There are three principal issues that should drive your selection of travel insurance:
- The adequacy of cover, particularly in the “high cost” areas such as medical cover and repatriation, cancellation, loss of baggage and personal liability.
- The cost of cover, and
- The bona fides of the insurance underwriter; the size and reputation of the insurance company which stands behind the policy.
We suggest you consider the online providers below below in any comparison.
If you are not Resident in Australia: World Nomads
Available not just to Australian expatriates but to people resident in over 150 countries, with online claims and the ability to extend coverage while overseas. It can cover adventure activities such as skiing and snowboarding.
If you are Resident in Australia: 1Cover
Provides travel insurance cover for individuals resident in Australia and it is possible to arrange multi-trip or annual insurance, which can be much more cost and time effective for regular travellers.