That is the main question here, and hopefully we can answer both for you! If you bought a house would you leave it uninsured for thefts, natural disasters and emergencies? No way! You invest a lot of time and money into a house so why would you leave it, and yourself, unprotected?
We see travel insurance in the same way. It exists to protect YOUR investment in YOUR holiday! You’ve invested time and money into making this holiday happen, and travel insurance is there to protect this investment should anything happen to change your plans.
It can cover you for disruptions to your holiday that are out of your control - like delayed flights or if you need to return home for an emergency. It can cover you for an unexpected natural disaster that means your trip gets shortened, or worse, cancelled – like a volcanic eruption or a flood. It can cover you if you fall ill or have an accident and need medical treatment while you are away. If you need to be airlifted to hospital, or flown home to get medical treatment, it may cover you for those costs too. It can even protect you if your phone, laptop or camera gets stolen while you’re travelling.
And that’s just the main stuff – there are different policies to suit different people and types of holidays so that you can get the right kind of cover for you.
According to research conducted by Colmar Brunton*, 18% of Kiwis travelling overseas go without travel insurance. How many of these people experienced an insurable event on their holiday? Could you afford to take the chance that you might be one of them? When you look at what something as simple as a fall on a slippery path, or your luggage being stolen, could cost you, how could travel insurance not be a top priority?
And that’s why, at Travel Money NZ, we want to make it easy for you to prioritise your travel insurance and help you find the right travel insurance policy for your holiday, through our partner, Cover-More^.
To give you an idea of what travelling without insurance could potentially cost you, we found a few real-life examples from Cover-More customers~ where an accident, illness, theft or some other unforeseen event happened to them while on holiday. If these customers had not had travel insurance – like all those Kiwis who travelled without it last year - the costs associated with that event would have fallen to them to cover.
Luckily for them, they had taken out travel insurance before they left, so Cover-More was there to help instead. Here are some of these examples:
From a few thousand to hundreds of thousands of dollars, these customers benefited from having a travel insurance policy that suited their personal needs and circumstances. Without that protection, the customers would have had to pay those medical bills, replace their own luggage or rearrange their holiday plans at their own expense.
If it happened to you, would you be able to afford it?
While we hope it never does, you never know if you might fall down some stairs, or a volcano might erupt and ground all flights – and you. Isn’t it worth protecting yourself in case something does happen? It’s all about protecting your investments – and a holiday is definitely one worth protecting!
If you would like further information about any of Cover-More’s travel insurance policies, you can call 0800 284 345 or visit any of our Travel Money NZ stores nationwide. You can find your nearest store on our website.
*Colmar Brunton research originally appeared in a news article for Stuff.co.nz – “Kiwis going to Australia without travel insurance are taking big risks”, 28 October 2015. ^Limits, exclusions and conditions apply. Insurance issued by Great Lakes New Zealand. Please consider your financial situation, needs and objectives and read the Policy Wording available from us before deciding to buy this insurance. ~Customer examples provided by Cover-More website https://www.covermore.com.au/interactive-claims-map
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