Travel insurance doubling up?

Thenarrator on 02/03/2019 - 12:03
Last edited 02/03/2019 - 12:03

Going on a trip with family of 5. I paid for everything using my card (not a credit card) including flights, hotels, rental car etc. and now looking to get travel insurance for either myself only or for everyone.

I've read the PDS and for claims such as cancelled hotels, car rental excess, lost luggage, isnt there essentially a doubling up of cover if i buy cover for everyone considering that I paid for all on my card? i.e. if hotel cancels on me, i can claim back accomodation for all my family member's room, not just my room since I paid for everything with my card. If family member got their luggage stolen, I can say it was my luggage and claim it back.

Insurance is all about risk we're planning to take for the cost. The assumption behind this question is that there are some who are prepared to travel without travel insurance and is happy to take the risk.

Travel Insurance Travel Insurance

Comments

  • Ocker on 02/03/2019 - 12:12
    +2

    Insurance is also about telling the truth when making a claim, backed up by a police report when necessary. So a family member has their luggage stolen and you make a police report saying it was yours - not a real smart idea!

    • try2bhelpful on 02/03/2019 - 15:48
      +1

      NAB complimentary travel insurance

      https://www.nab.com.au/personal/banking/credit-cards/manage-…

      Overseas travel insurance
      To be eligible, you’ll need to spend at least $500 on pre-paid transport, tours, and/or accommodation on your NAB card and you were 90 years or under before you take off.

      Who’s covered?
      You, your spouse and any dependent children travelling with you.

    • Gunther on 02/03/2019 - 21:30

      Fraud!

  • Randxyz123 on 02/03/2019 - 12:23

    You need travel insurance for everyone, not just yourself.

    isnt there essentially a doubling up of cover if i buy cover for everyone considering that I paid for all on my card? i.e. if hotel cancels on me, i can claim back accomodation for all my family member's room, not just my room since I paid for everything with my card.

    I don't think debit cards work the same way. Sure if your hotel cancelled you could get the cost back but the bank won't cover the cost of having to book a hotel at the last minute.

    If family member got their luggage stolen, I can say it was my luggage and claim it back.

    Claim it back how? Also lying on a police report is a criminal offence

    It would be very silly to travel without insurance. Given a lot of credit card companies include it with their cards if you buy flights with that card, even if it is a pretty basic one(e.g ANZ Qantas Platinum). You'd have to check the PDS for dependants but usually, it does cover them.

    Also what if someone got sick or injured? Or (knock wood) a family member back home was sick and you had to get back?

    • shadowangel on 02/03/2019 - 15:16

      He may have a premiem debit card, like the nab one that has travel insurance and a few other insurances built in.

      • Ughhh on 02/03/2019 - 17:37

        and now looking to get travel insurance for either myself only or for everyone.

        OPs a bit confusing imo. That implies he doesnt have complimentary insurance from the card?

  • abm on 02/03/2019 - 12:53
    +2

    Losing luggage or having accomodation cancelled aren't the worst things that can happen. A simple broken ankle or wrist could means surgery and a few days in hospital.

    Depending where you travel, medical costs can be extremely expensive costing tens or even hundreds of thousands. Some countries have great medical services but will be expensive without insurance. Other countries have very basic services unless you are insured, and some have no services and if seriously injured you might need to be medevaced out.

    I would definitely get insurance that will cover all family members in the event of illness or injury.

    • Kenb0 on 02/03/2019 - 14:39
      +11

      Ah but OP can claim it's their ankle or wrist that got broken!

      /s

      • djkelly69 on 02/03/2019 - 15:16

        Haha I thought of this too - had a mental image of a bloke relaying symptoms to a doctor to try and convey what the problem was while the actual injured/sick person was hiding beside the bed or something.

  • djkelly69 on 02/03/2019 - 13:23
    +3

    Can't to see the claim assessor's face when you state that all 5 bags which were stolen were yours, and no-one else in the party had any luggage.

    Just take out the insurance for the whole group.

  • deveshwar0 on 02/03/2019 - 13:25
    +4

    Insurance is all about risk we're planning to take for the cost. The assumption behind this question is that there are some who are prepared to travel without travel insurance and is happy to take the risk.

    Mate, if you can't afford travel insurance, you can't afford to travel. Simple as that.

    • Thenarrator on 03/03/2019 - 17:04

      that is not true. It depends on the individual's risk apetite.

      • Ughhh on 03/03/2019 - 22:59

        Then don't buy insurance. It's one of those things that's useless until Something happens. Then you wonder why you were so stupid. It'll be entertaining to read though.

        Some risk you have 0% control over.

        • Thenarrator on 05/03/2019 - 15:49

          your risk apetite isnt a blanket statement for everyone else mate.

          • try2bhelpful on 05/03/2019 - 16:08

            @Thenarrator: If you are travelling overseas and you don't have, at least, health cover you are irresponsible. It can cost hundreds of thousands of dollars if you have an accident/illness. I don't give a rats if I lose my luggage etc but health cover is non negotiable IMHO.

            • Thenarrator on 05/03/2019 - 16:47

              @try2bhelpful: Again insurance is about statistical probability and risk. it is all personal preference.

              • try2bhelpful on 06/03/2019 - 00:31

                @Thenarrator: How many times do we read articles about people who’ve had accidents overseas and didn’t get insurance and are now trying to get money off others playing the sympathy card. I double down that people who don’t have health cover insurance when they travel are irresponsible. The cost of travel insurance is a pittance compared to house, car etc insurance. If my house goes up in flames the loss is considerable so it is insured, I don’t have funeral insurance because I can afford to pay for that in available funds. The medical costs overseas has, virtually, no top out. An acquaintance had to sell one of their investment properties to cover a relatives overseas health costs. Yes it is statistical but when you don’t know the ultimate cost you can’t do the maths.

          • Ughhh on 05/03/2019 - 17:48

            @Thenarrator: Whats your risk apetite then?

            Accidents can happen. Its not an accident if it was expected or intentional. Many factors in life beyond your control.

            • Thenarrator on 05/03/2019 - 19:14

              @Ughhh: Of course I know accidents can happen. Let me ask you this. do you go around buying all sorts of insurance? home contents, flood, hail, third party property, public liability, loss of income, life, funeral insurance, credit protection insurance? If not, why? "Accidents can happen" you know.

              You are probably gona answer, well the risk is low for these.

              To which I answer, there you go, you just applied probability to your decision making. Now just imagine that with travel. Hope you get an epiphany.

              • Ughhh on 05/03/2019 - 20:02
                +1

                @Thenarrator: Home vs foreign place. You don't need separate insurance for all of those…
                You never answered my question about your risk appetite. Either way its your choice, your life, your family's life and your problem. Truth is no one here would really care if something was to happen. Good luck.

  • robbyjones on 02/03/2019 - 13:29
    +4

    A lot of travel insurance companies will cover children under 21 for free with your policy. Get insurance for everyone, I don't say this lightly but you're an idiot if you don't.

    • jjjaar on 02/03/2019 - 14:57

      Also a lot of insurers add additional people for minimal costs. The last time I travelled my insurance alone was going to cost $20 less than adding my friend who I was travelling with for the duration.

      • djkelly69 on 02/03/2019 - 15:19

        The OP's trip appears to be less than a week in NZ, so doubt it is going to add much cost at all.

  • ilikeradiohead on 03/03/2019 - 10:03

    If you have a Commonwealth Gold/Platinum CC you can get travel insurance through it for free without using it.

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