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Young people are actively rejecting travel insurance


Look around your plane next time you fly out of Australia – one in every ten people you see is leaving the country without travel insurance.

 

In fact, those cavalier individuals actively reject the very idea of travel insurance, convinced they won’t need it and it being aexpense they don’t need.

 

Further, more than half of the other nine are travelling with coverage unsuitable or inadequate for their trip and potentially taking either their lives or their mid-to-long-term financial security in their hands.

 

Young Australian travellers continue to flippantly thumb their noses at the risks associated with travel and the idea that travel insurance can potentially save their lives, according to a newly released DFAT report.

 

With Australians travelling once again unabated, DFAT’s Consular State of Play report highlights some concerning scenarios for Australian consulate officials around the world.

 

While the balance still weighs firmly in favour of those ensuring there are covered for their trip, half of those travellers appear to be doing so reluctantly, with half casually identifying instances when they might not need travel insurance for an overseas trip.

 

‘What could go wrong’, you might hear them muse.

 

In launching the report, Assistant Minister for Foreign Affairs, Tim Watts, said the number of requests for assistance in the 2021/22 financial year tripled to 34,000 – although this is somewhat understandable with a pandemic in full swing and airline capacity at agonising lows.

 

Australian Federation of Travel Agents CEO, Dean Long, welcomed the release of the report and said he was pleased at the industry’s role in changing attitudes towards travel insurance.

 

“The report confirms that 95% of Australians who have booked a trip will take out travel insurance and, with our ATAS-accredited businesses the Number One distributor of Travel Insurance, travel professionals can and should be very proud of our role in keeping Australians travelling safely and with the appropriate and essential level of insurance protection.

 

“If you can’t afford travel insurance, you simply shouldn’t be travelling,” Long said.

 

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Written by: Matt Lennon
Published: 7 November 2022

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