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Almost one third of Australian travellers are exposed

May 15, 2014 Corporate No Comments Email Email

Independent research conducted by SureSave, involving more than 1,000 respondents, analysed Australian travellers’ perceptions of the importance of purchasing travel insurance.

Michael Callaghan, Executive General Manager at SureSave, says respondents were asked “When travelling, do you view travel insurance as a necessity?”  He explains the results show that almost one third of Australians could be putting themselves at risk by travelling unprotected.

“Almost one in three (31%) Australian travellers do not perceive travel insurance as a necessity for every trip, with 23% stating that they purchase travel insurance ‘only sometimes’ and a further 8% saying they ‘never or rarely’ purchase a policy,” says Callaghan.

“Of the 23% of Australians who state that they purchase travel insurance ‘only sometimes,’ the majority (16%) say they would purchase travel insurance only if they consider their destination to be risky. Others say they would only purchase it if they were travelling for longer than a week (4%) or depending on the type of trip they were taking (3%).”

While travellers can be more likely to experience illness, injury or loss of personal effects when visiting certain destinations or participating in certain activities, Callaghan says that the reality is that anything can happen whilst travelling.

“When on holiday, some travellers take risks that they wouldn’t normally in their daily lives at home, such as using a moped overseas without a license, however some travellers are simply unlucky. In fact, we had one recent claim for almost $500,000 when a skier in the US went over a mogul incorrectly. Travel insurance is a small price to pay for peace of mind when travelling,” says Callaghan.

Predictably, when broken down into age groups, the statistics revealed that older age groups place a much higher importance on travel insurance.

“Just 53% of 18-29 year olds (Gen Y) said they always purchased travel insurance, contrasting with 65% of 30-49 year olds (Gen X) and 89% of 50-69 year olds (Baby Boomers),” says Callaghan.

Women (71%) were 5% more likely than men to say they always purchased travel insurance.

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