Allianz Partners Highlights Risks of Travelling Uninsured for Australians
Allianz Partners Highlights Risks of Travelling Uninsured for Australians
0
Allianz Partners is calling on Australian travellers to reassess their approach to travel insurance, following research revealing that 14% of Australians embark on overseas trips without any coverage.
This statistic is even more pronounced among younger travellers under 30, with 23% travelling uninsured.
The study, conducted by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade (DFAT), found that two-thirds of uninsured travellers consciously chose to forgo coverage. Reasons cited include:
Perceived Safety of Destination: 31% believed their destination was safe enough to not require insurance.
Perceived Poor Value: 27% felt that travel insurance did not offer good value for money.
Self-Reliance: 22% believed they could handle emergencies on their own.
Damien Arthur, Executive Head of Travel at Allianz Partners Australia, expressed concern over these misconceptions: "It's worrying that travellers might decide against purchasing insurance because they think a destination is safe. This overlooks potential accidents, medical emergencies, and travel interruptions that can be very costly if travelling without insurance."
Allianz Partners remains committed to helping Australians travel with confidence, backed by insights that highlight the importance of being protected wherever their journey takes them.
For more information on Allianz Partners' travel insurance offerings, visit their official website.
Europ Assistance Australia (EAA) has achieved a significant milestone by obtaining a general insurance licence from the Australian Prudential Regulation Authority (APRA). This development allows EAA to underwrite its own travel insurance products, marking a new chapter in its commitment to Australian travellers. - read more
Recent insights from the Royal Automobile Club of Victoria (RACV) reveal a concerning trend among Australian travellers: 35% are purchasing travel insurance within seven days of departure, with 5% waiting until the day they leave. This last-minute approach can lead to significant gaps in coverage and benefits. - read more
Allianz Partners is calling on Australian travellers to reassess their approach to travel insurance, following research revealing that 14% of Australians embark on overseas trips without any coverage. This statistic is even more pronounced among younger travellers under 30, with 23% travelling uninsured. - read more
Recent data from the Australian Financial Complaints Authority (AFCA) reveals a significant increase in consumer complaints against insurance companies, reaching an unprecedented average of 100 complaints per day. This surge is primarily attributed to delays in processing routine claims, rather than issues arising from natural disasters. - read more
Life insurance is a fundamental component that can play a significant role in the continuity of a business. Essentially, it's a contract between the policyholder and the insurer where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. This financial safety net can be crucial for businesses wanting to safeguard their future operations against unexpected losses. - read more
Life insurance is a contract between an individual and an insurance company. The insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. - read more
Life insurance is a cornerstone of financial planning, offering peace of mind to you and security for your loved ones. It's a contract between you and an insurance company: in exchange for regular premiums, the insurer agrees to pay a sum of money to designated beneficiaries upon your passing. This vital tool ensures that your family's financial needs can be met during an incredibly difficult time. - read more
Income protection insurance is a vital safety net for many Australians, offering financial stability when unexpected circumstances like illness or injury occur. Despite its importance, there are numerous misconceptions surrounding this type of insurance, leading to confusion and inadequate coverage among consumers. - read more
Start Here !
Apply now for your free Insurance assessment and price comparisons!
All quotes are provided free and without obligation. We respect your
privacy.
Knowledgebase
Exclusion: Specific conditions or circumstances for which the insurance policy does not provide coverage.
