Travel insurance is compulsory on all Globetrotting rides, regardless of whether you’re travelling within your home country or abroad. It’s absolutely imperative to be covered by travel insurance so that you have a safety net in case unexpected circumstances arise.
Travel insurance can cover you for financial losses caused by a wide range of events that can affect your trip, whether they occur before, during or even after your trip. These might include travel modification, cancellation or interruption, medical expenses, baggage damage or theft, and more.
For international journeys, the Australian Government advises that travel insurance is as important as a passport, regardless of your destination.
You should purchase a travel insurance policy as soon as you have paid for your trip. That way you may be covered for unused travel and accommodation in the event that you must cancel your trip due to a covered event, such as illness or a natural disaster.
Now horse riding can be unpredictable at the best of times, so it’s ESSENTIAL to have a travel insurance policy that specifically covers horse riding as an activity. Don’t worry, we can help with this and can provide you with a quote. Please email us at firstname.lastname@example.org if you wish to receive a travel insurance quote.
Why international travel insurance is so important
Incidents that may be easily manageable in Australia can become expensive and difficult to negotiate when you are in another country.
Most international travel insurance policies cover overseas medical and dental expenses, lost or stolen luggage, liability cover, accidental death or disability, and expenses if you incur a financial loss due to delays, cancellations or rescheduled arrangements.
Some travel insurers offer additional services, such as 24-hour medical emergency translation, which can make a huge difference to the quality of treatment you get while travelling.
Medical treatment in some countries can be exceptionally expensive and in some cases it can be difficult to be admitted to a hospital and receive treatment unless you are able to guarantee payment. When you travel overseas, you are personally liable for covering your medical costs. It’s not uncommon for even a short stay in, for example, an American hospital to cost tens of thousands of dollars.
According to the Department of Foreign Affairs and Trade (DFAT), daily hospital costs in Southeast Asia regularly exceed $800 and return of remains from Europe can cost in excess of $10,000. The cost of medical evacuations from the United States regularly range from $75,000 to $95,000 and sometimes up to $300,000. DFAT has also handled medical evacuations from Bali in which costs have exceeded $60,000*.
Travellers who are not covered by insurance are personally liable for covering the medical and associated costs they incur overseas.
DFAT assists more than 20,000 Australian travellers each year who find themselves in difficulty overseas, including more than 700 hospital admissions, 600 deaths and 100 evacuations of Australians to another location for medical purposes. However, the Australian Government does not pay any costs, such as legal fees, emergency flights or medical care.
The Smart Traveller website has up-to-date travel advice, news, guidance and important information for Australians travelling overseas.
Travel insurance through your credit card
First things first, if you have a credit card, I would suggest giving them a call or read through their Product Disclosure Statement (PDS) to see if a) your current credit card includes travel insurance and b) if that particular travel insurance policy includes horse riding and c) whether there are any requirements you need to meet to qualify for this cover.
Travel insurance agencies that include horse riding within their policy-
As at the time of writing here is a list of insurance companies that include horse riding (does NOT include professional riding such as hunting, polo, show jumping, eventing, horse racing) within their travel insurance policy –
COVER MORE (we recommend)
For our NZ, UK and US guests, you can also choose a travel insurance policy through Cover More which includes horse riding:
Travel Insurance Direct (allows you to start policies after you’ve left home, which is great if you choose to extend your trip!)
**Double check with the insurer above before committing to your policy.
Thanks to Understanding Insurance for providing useful information for this blog post.
Also, if you’re looking for a comprehensive list of Australian insurance companies, you might find this website handy – findaninsurer.
I would love to hear your first hand experiences with travel insurance and if you can recommend a company that not only includes horse riding in their policy but offers superb customer service.