Travel Insurance for Australian Residents

Australian residents have the option of paying for the services of travel insurance when making trips abroad or even within the country of Australia. The benefits of this type of insurance include peace of mind while you travel in the event that you are injured or need medical assistance while away, or in the event that your luggage is damaged or stolen. In addition, some travel insurance plans cover the cost of cancelling your travel arrangements should this unfortunate need arise.

For instance, MyCover Travel Insurance offers four travel insurance coverage options, allowing one to chose what is right for them. Their first plan, Plan A, covers travelers internationally. It is the most comprehensive plan because it covers you in the event of cancellation due to sickness, injury or death, it covers costs of your luggage should it be stolen or damaged. It also covers emergency medical expenses while you are away internationally.

MyCover provides a Plan B travel insurance for those who are traveling within Australia only. Plan B does not cover any medical expenses incurred during travel but does cover cancellation of your trip and your luggage. Plan C covers medical expenses only for international travelers seeking medical attention outside of Australia. Plan D is an annual policy, made available to frequent travelers making multiple international trips per year. It covers a traveler from the moment they leave to the moment they return, up to 37 days for the leisure traveler or 90 days for the business traveler.

These policies can be fully reviewed by visiting MyCover online at http://www.mycover.com.au/index.htm. Each product, Plan A to Plan D can be clicked on to reveal important content including a summary of the benefits and a product disclosure statement, which will detail for you what the travel insurance will pay and what it will not pay. Travelers would be wise to visit the FAQ page of the website to ensure they fully understand how travel insurance works. For example, insurance must be in place before the date of your journey. It is not possible to purchase insurance for a trip you have already begun.