Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Travel Insurance: what you should know

Travel Insurance: what you should know

14 July 2014

Many Kiwis consider travel insurance a luxury good and don’t take out a policy when going on holiday. However, if disaster strikes and you don’t have the proper coverage, you may be liable for damages that you cannot afford or did not foresee.

What to look for

Travel insurance is an important form of financial and health protection when travelling. Many people think that travel insurance only covers personal belongings, but an important component of travel insurance is medical treatment and medical repatriation cover.

• If you are travelling around New Zealand check that your contents and car insurance covers your needs. There may be exclusions if you are not careful enough with your contents, like leaving expensive equipment unattended, or driving on dangerous roads.

• Get travel insurance as early as possible, then you can make the most use of its protections. Usually it will protect you if you have to cancel the trip because of an accident or emergency. But it is important to check the terms and conditions carefully.

• Shop around for the deal that suits you the best, this may not necessarily be the insurance offered by your travel agent. Also check to see whether your existing bank account or other insurance policies already include free travel insurance.

• Make sure that you disclose any pre-existing medical conditions or symptoms as many Insurers will not automatically cover these, unless they are disclosed and accepted by the Insurer. Also some insurance policies contain exclusions for claims relating to pre-existing conditions of close family members.

• If you are unsure about any health conditions or symptoms you are aware of, which require treatment, contact the insurance company’s qualified medical assessor before you complete the travel insurance application.

• Check the wording of your travel insurance carefully so that you fully understand what it does and doesn’t cover. Many insurance companies have general exclusions in their policies which apply to certain types of activity, usually high-risk and potentially dangerous. Also travel insurance policies can exclude certain types of loss such as where valuables are left unattended or not stored securely.

• If you are unclear about the wording, seek advice, either from your travel agent, Insurer or insurance broker.
Making a claim
• Always take your policy details with you when you travel.

• Complete a claim form as soon as possible and give a clear account of the events that caused your loss.
• Keep all receipts and records when travelling and provide all the required documentation in support of your claim to prevent delays in the assessment of the claim.

• If you do not agree with the outcome of the claim, the Insurance and Savings Ombudsman (ISO) can help you mediate with the insurance company if it is a member of the ISO.
Need more information?
• Ministry of Foreign Affairs and Trade: www.safetravel.govt.nz
• Insurance and Savings Ombudsman: www.iombudsman.org.nz 0800 888 202

//ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news