There are people whose jobs require them to travel most of the time. When the stress and challenges of the job as you go from place to place or country to country overwhelms you, you could use an adequate travel insurance to cover certain emergencies if something went wrong, says Dan Warne, in his article for the Australian Business Traveller. An insurance broker can clarify how this option could work for you and save you costly headaches in the long run.
Australia’s seventh-place perch in the World Economic Forum’s 2015 Travel & Tourism Competitiveness Report is a good sign for business people all over the world to visit Australia to look for investment opportunities. This has also allowed Australians to reciprocate by travelling to the investors’ home countries on official duties. When the prospect of frequent travel overseas keeps you on your toes about safety and security, it doesn’t hurt to consult with insurance brokers in the Sunshine Coast such as those from Insuring theProduct to help you secure a good travel policy.
Travel specialists recommend that you look up the country in your travel itinerary to check out the conditions as such factors as risk potentials sometimes affect the premium. Warne said you should take the time to read Australian government travel advisories on the subject countries – they may counsel against travel if the local situation presented clear dangers on Australian citizens. Your insurance brokerage may advise you further on this.
Many business travellers usually bring a raft of equipment— laptop, chargers, digital camera, and smartphone—as part of their paraphernalia to better perform their duties. The loss of these items, among others, is nightmarish in a place where you may not know anyone. Some travel insurance policies are known to compensate for such items. Consult your homeowner insurer, Warne says, and ask if the items can be put under worldwide portable valuables coverage, provided you still have the receipts for the lost items.
Your medical needs can skyrocket for emergencies overseas, and in many cases, the federal government does not provide financial assistance. Consult your insurance broker on your options, especially if you have pre-existing conditions. Some countries, on the bright side, have established reciprocal healthcare pacts with Australia, which will allow free healthcare options for Australians who can provide a copy of their passport and Medicare card, Warne said.
Some people claim that you should not travel if you can’t afford a health insurance, which might make sense if the place you need to go to are danger-zone areas or pose potential health risks. Leading Sunshine Coast insurance brokers, such as the Insuring theProduct, can recommend an affordable policy with the right coverage for you.
Australia’s making big strides in travel and tourism, Business Insider Australia
Top 10 tips for getting the best travel insurance, Australian Business Traveler.