What’s the difference between singles and couples travel insurance?
The main difference between acquiring a couples travel insurance policy to that of two single policies is the costs involved. Couples are likely to save money and time for choosing to be under one inclusive policy, rather than two separate policies.
We’ve compared the same three policies from different insurance companies for singles and couples travel insurance below:
These prices are a guide only, and were generated for one single and one couple’s policy for a 21 day trip to France and Italy during Jan 2018.
- Basic: $9.17
- Mid-Range: $12.92
- Comprehensive: $26.66
As you can see, it may be beneficial to look at covering both of you under one policy, and it will save you time in doing so. Depending on what level of cover, and what insurance provider you choose, selecting the right couples travel insurance policy may help ease the burden of having two separate policies.
Benefits of couples travel insurance
There are many benefits of being under one policy, particularly if you choose a higher level of cover such as comprehensive. Some common benefits may include:
- Cover for medical and hospital expenses: Peace of mind in case you or your partner fall ill or injure yourselves overseas.
- Cost/time effective: Save time and money under one policy. Less stress with cover documents as one policy number applies for the both of you.
- Accidental death benefit: An amount paid if you pass away during your travels.
- Rental vehicle excess: Excess fees paid for by insurer in case of a car accident.
- Loss of income and permanent disability: Some policy brochures offer benefits if you are injured abroad and can’t return to work for a period of time.
- Transportation arrangements: Generally paid if your flight or transport is cancelled or delayed, and will arrange necessary transportation to get you where you are heading.
- Optional cover for adventure sports and activities: Handy for couples venturing to places where the risk of injury is heightened (i.e. snowboarding and adventure holidays).
Interesting facts about Aussies abroad
In 2016-17, more than 1,700 Aussies ended up in hospital abroad – a fear many travellers share. Thailand – the most visited country for Aussie tourists – saw the highest number of travel insurance claimable incidents of all.
It’s little wonder that Aussies need protection when they’re abroad, and insurance can offer peace of mind, so that you don’t become a statistic yourself. In fact, a 2017 smartraveller.gov.au survey found that 94% of Australians with travel insurance felt at ease knowing they were covered.
The Department of Foreign Affairs listed the five most visited countries by Australians in 2016-17 as:
- United States of America,
- Vietnam, and
Last year there were almost 2,500 Australian passports reported as lost overseas, with more than 2,100 passports reported stolen. These figures tend to highlight the importance of having travel insurance, and the amount of people reliant on such an essential aspect of travelling.
Common exclusions and helpful information
While having the appropriate level of cover for you and your beloved half is a step in the right direction, there are some exclusions you should be aware of when taking out travel insurance. Similar to other policies, there are activities and circumstances that may affect your cover; therefore, the importance of understanding your product disclosure statement (PDS) is paramount.
Common exclusions include:
- Base jumping,
- Injured while partaking in winter sports (usually you’ll need to pay extra for this),
- Riding a motorcycle or diving without a licence, and
- Your hotel/tour operator goes into financial receivership.
You will not be covered if you:
- Undertake in illegal activities (break the law),
- Are under the influence of drugs and alcohol,
- Ignore official government warnings (natural disasters or civil unrest), and
- Leave your possessions unsupervised.
Be aware that pre-existing medical conditions can impact the cost of your desired insurance cover. Couples should ensure they always disclose and declare a pre-existing medical condition to their insurer.