Southern Cross Travel Insurance has announced that they have paid a travel insurance claim that topped the one million dollars in New Zealand, underlining the importance of coverage as the cost for becoming injured or ill while away from home – even when in countries that have reciprocal healthcare – are on the rise.
Previous to this most recent claim, in the last year, the insurer reported an individual claim that was greater than three hundred thousand dollars in Australia. Both this claim and the most recent record breaker for the company were to pay for repatriation and overseas medical expenses.
Craig Morrison, the CEO of Southern Cross Travel Insurance, said that the cost of medical care in Europe and the United States can be “astronomical” for individuals traveling in those countries. He pointed out that there is also an additional expense for the evacuation costs. He went on to say that in many countries worldwide, if there is a health issue or an accident, then travelers can be left with costly payments for boat, air, or ambulance transportation.
Morrison said that the severity of the illness or injury can play a major part in the size of the cost, but that the ability to return home again could include the necessity of “a first-class seat, as well as the travel costs of an accompanying medical professional or family member, or even chartering an air ambulance.”
His advice to travelers is that if they don’t feel that they can afford the cost of a travel insurance policy, then travel itself should be considered too expensive for them.