Depending on your level of insurance, annual travel policies won’t cover certain activities like winter sports including skiing, snowmobiling, and snowboarding. These activities are considered high-risk and can be covered by paying an extra premium. Even so, you can still be subject to certain conditions. Interestingly, some providers automatically cover bungy jumping, skydiving, and white water rafting subject to terms of cover. For more information, please read adventure travel insurance.
Similarly, cruises require cover specific to certain scenarios, including being confined to a cabin, or requiring emergency medical attention (like an airlift to the nearest hospital).
Claims arising from the following are typically not covered:
While annual travel insurance and single trip policies are very similar in coverage, there are some differences worth noting. As mentioned, annual travel insurance covers you for multiple trips in one year, whereas a single trip policy, as its name suggests, only covers one trip. You can visit multiple destinations when covered by a single trip policy, however the cover ends when you first return to your home in Australia. Moreover, while annual travel insurance typically covers multiple trips in one year of up to 90-days duration per trip, single trip policies cover just one trip that could be as short as two days, or could cover travellers for one long trip of up to 12 months or longer.
If you’re an employer or an employee who regularly hops on a plane for interstate or international business trips, you might like to consider business travel insurance. You can find an annual policy to cover either one or multiple employees within the same organisation throughout a 12-month period. Be sure to check your travel policy’s PDS, however, as some won’t cover injury, loss, or damage resulting from your profession.
Here are some extra considerations if you’re planning on taking out annual travel insurance:
For further information on how your age might affect your policy, be sure to take a look at seniors travel insurance.