The next thing you should do after booking your flights and accommodation is to take out travel insurance cover that’s tailored specifically for schoolies. Most insurance providers include cancellation cover as part of their standard policy, and this basically protects you in case your trip gets cancelled due to unexpected circumstances such as unforeseen illness or death in the family, natural disasters or motor vehicle accident injuries.
Read on to find out more about how schoolies travel insurance can benefit you.
What’s Included in the Schoolies Insurance Cover
Let’s say you’re heading to Bali for the holidays. Travel insurance cover is a really good idea when travelling to any Indonesian country for a number of reasons, including:
- Medical Cover – Being outside of Australia means that you’ll no longer have access to Medicare cover, whereas travel insurance cover will provide for the cost of any medical expenses that you incur while overseas. This includes emergency hospital care, medical expenses, and medical evacuation or repatriation.
- Cancellation Fees and Deposits – You’ll also be covered for trip cancellation fees if you’re no longer able to travel due to unforeseen circumstances such as natural disasters and unexpected illness or death in the family.
- Accidental Death – A policy with accidental death cover will make provision for returning your body home in the unfortunate event of unexpected death.
- Lost Luggage – Theft is a common occurrence in most Indonesian countries, so it’s important to exercise caution and take out an insurance policy that incudes cover for your personal belongings and luggage in case it gets lost or stolen, as your cover will reimburse you for the cost of replacing them.
- Personal Liability – Your policy will also cover you for any legal liability costs that you may incur while overseas, such as paying for damages or injuries caused to a third party.
What’s NOT Included in the Schoolies Insurance Cover
- Alcohol Use – You won’t be covered for any claims related to excess alcohol use.
- Driving Without a License – If you’re going to rent out a moped, make sure that you have a license to drive it, otherwise you’ll immediately forfeit your cover if you drive without a license because it’s illegal in many countries to do so.
- Leaving Your Bags Unattended – Travel insurance does not cover the cost of lost or stolen valuables or luggage, so be sure to always leave your valuables in a safe or vault. Also keep your hotel room locked at all times when you’re out and about.
- Breaking the Law – Your cover will not reimburse you for any losses that you incur as a result of willfully breaking the law.
- Ignoring Travel Warnings – Be sure to check for any weather warnings related to your intended destination before you book your trip, and if there’s a Do Not Travel warning at the time, rather postpone the trip until conditions get safer. If you ignore travel warnings then you’ll forfeit your cover for the trip.
- Not Declaring Pre-Existing Medical Conditions – Always inform your Schoolies insurance provider of any pre-existing medical conditions that you have, or else any claims you make related to the condition will be rejected.
- Not Reading the Product Disclosure Statement (PDS) – To understand what you’ll be getting with your Schoolies insurance cover, read through the PDS thoroughly and ask any questions that you may have.