One in 10 (9%) Australians went without insurance on the most recent occasion they travelled overseas, and 52% of uninsured travellers are likely to participate in risky behaviour, like water sports or rock climbing, according to the most recent Survey of Australians' Travel Insurance Behaviour, commissioned by the Department of Foreign Affairs and Trade (DFAT).
While over 90% of Aussies who travel buy insurance, the survey findings show that Aussies should take travel insurance more seriously because most do not really understand their travel insurance coverage. For example, among those that did travel with insurance, 87% were unsure about which countries their travel insurance covered.
“When purchasing travel insurance, it is important to ensure that the insurance will cover all the places to be visited; all the activities planned, and any pre-existing medical conditions and current medical treatments,” said DFAT officials.
The survey revealed other findings. These include: the majority (70%) of travel insurance policies bought are single-trip policies. A third (33%) self-identify as having chosen the cheapest quote available, without due consideration of other factors. In addition, 87% of travellers aren’t certain that standard insurance policies don't cover motorcycle riding overseas
The sample size for the travel insurance survey, carried out online between 25 May and 5 June 2017, was around 1,100.