At Compare the Market, we know how quickly and unexpectedly plans can change while you’re abroad.
This is especially true for travellers who decide their plans on the fly, depending on who they meet and what they learn as they travel along. They could be in London one day, before waking up the next and catching a train to Paris without any prior planning.
As experts in travel insurance, we’re here to explain how such plans could impact your travel insurance policy, depending on your level of cover.
For largely spontaneous adventures, or for people wanting to enjoy a number of short stays overseas for leisure activities, there are a few travel insurance policies that could be suitable. One such type of cover is annual travel insurance, which offers automatic coverage for an unlimited number of departures and returns within a pre-indicated maximum trip length restriction – typically 15, 30, 45, 60 or 90 days.
This kind of cover can prove to be more cost-effective than taking out separate policies for each destination. However you intend to travel, it’s a good idea to check the Product Disclosure Statement (PDS) before purchasing to ensure you are aware of any restrictions, limits or exclusions of the policy.
With international travel continuing to prove popular, we were curious to see how transport may continue to evolve, as technology and transport continues to improve. So, we’ve explored how travel could look if high-speed trains existed globally. If one was in operation near you, or in a destination you visited, would you squeeze in a few more landmarks before your holiday ended? Perhaps you could go for that bigger and better job interstate while living in a cheaper suburb. Or, maybe you prefer to keep your feet firmly on the ground – and such travel times via rail are heartening.
We crunched the numbers to discover how a 1,000km/h (621.37mph) high-speed train1 – speeds akin to Virgin’s Hyperloop One design – may cut down future travel times for some of the world’s busiest travel hubs and routes.2
Several of these popular travel hubs are also found in countries that don’t have any form of high-speed rail, at the time of writing: America, Canada, Australia, New Zealand and India. So, we also show how both a standard bullet train (with a median speed of 300km/h – or 186.41mph) and the super high-speed train (1,000km/h) may drastically transform commute times between major cities in these countries.
Dreaming of working in Silicon Valley, but live in Los Angeles? You could save around US$842,480 on a single-family home3 if you lived in LA and commuted the:
• 1 hour and 46 minutes on a 300km/h (186.41mph) bullet train; or
• 31 minutes on the 1,000km/h (621.37mph) train.
Love architecture? Well, if you took a 1,000km/h (621.37mph) train from London to Gare du Nord, Paris, you could walk around the Eiffel Tower about eight times before the standard high-speed train arrived at Gare du Nord.^
By the time the standard high-speed train rolls into Osaka station from Tokyo, you could have already ventured around Osaka Castle 11 times if you took a 1,000km/h (621.37mph) train.*
Think you could never afford to work in Sydney because of house prices? You could save AU$369,669 on housing4 if you lived in Brisbane and commuted under an hour to Sydney on the 1,000km/h (621.37mph) speed train.