As thousands of school leavers prepare to celebrate their freedom abroad, iSelect is urging young travellers to review their travel insurance policies carefully.
New research reveals nearly 1 in 5 Australians have “no idea” what’s included in their cover, leaving many at risk if things go wrong.
The survey of over 1,011 Australians revealed 19.3% didn’t understand how travel cover worked, and what would be covered if something were to go wrong.
iSelect spokesperson Sophie Ryan said young people aged 18-25 were more likely to feel confused about the inclusions and exclusions in their cover.
“If you’re used to travelling with mum and dad, you probably haven’t had to think too much about insurance because it’s all been looked after for you,” Ms Ryan said.
“Travel insurance is there to protect you when things don’t go to plan, but it’s crucial to understand what’s included before you pack your bags.”
Key risks for Schoolies
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High-risk activities: Riding jet skis, quad bikes, or scooters? Check your policy – these activities are often excluded unless you add extra cover.
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Helmet rules: Riding a bike or motorcycle without a helmet could void your insurance if you crash.
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Alcohol-related accidents: Most insurers won’t cover injuries sustained while intoxicated. Drinking increases your risk of accidents, and claims may be denied.
Ms Ryan said Schoolies travelling abroad should be extra careful while drinking, as alcohol related accidents were excluded in most policies.
“Basically, insurers expect you to take precautions and minimise your risk of making a claim – drinking alcohol dramatically increases your risk of having an accident,” Ms Ryan said.
“So, if you take a tumble after having a tipple, chances are you won’t be able to claim for the treatment of any injuries.
“Also, don’t even think about getting on a bike or motorcycle without wearing a helmet, if you do, and you have an accident, your insurance could be voided.”
Ms Ryan also advised schoolies to keep policy details and emergency contacts handy, even if parents purchased the policy. “If something goes wrong, you’ll need quick access to those details,” she said.
