Allianz Partners Highlights Risks of Travelling Uninsured for Australians
Allianz Partners Highlights Risks of Travelling Uninsured for Australians
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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.
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Grace Period: A set amount of time after the premium is due during which a policyholder can make a payment without the insurance coverage lapsing.
