The Complete Guide to One Way Travel Insurance

The weather in the land down under may be frightful, but Aussies sure know to pack a bag and get away to a brighter spot. With the high season just around the corner, this is a great time to talk about different insurance policies you can take out for your next trip or family holiday. 

One-way travel insurance seems to be quite a popular option nowadays, with multiple benefits to your safety and security while abroad, at a lower price point.

But just what is one-way travel insurance and why the high demand lately?

If this is your path, read on to find more!

One Way Insurance Policy

One way insurance is a special type of insurance package that covers outward-bound travels from your home country to your destination of choice. One of the many reasons you might need it is emigration to other countries or returning to your home country after staying in Australia, perhaps with a few stops on the way. The vast majority of insurance policies are limited to about 30 days, so if you plan on staying longer, one way travel insurance is definitely something to look into.

How does single trip travel insurance work?

One way travel insurance in Australia is similar to standard travel insurance policies, including medical expenses, lost luggage, and the possibility to cancel your one-way flight (in a certain time interval). Standard travel insurance policies oblige you to arrive at your final destination at a certain time, which is usually a week after the departure for standard insurance packages. But one way travel insurance lets you wander a bit more before you reach the final destination, which makes it appealing to all those wanderlust addicts out there. 

Apart from wanting to stop and sightsee, note that travel stops may not always depend on you – layover flights are a typical example. One-way insurance policies offer long-term packages that cover potential stops during your travels. This takes any possible changes to the plan into account, which increases your safety for an additional 24 hours during your trip.

In fact, air traffic is exceptionally dynamic and flights are regularly postponed, rescheduled, or even cancelled. Chances are you could be even more unlucky and your luggage may get lost or stolen during your trip. These are the common events that have been driving the demand for one way travel insurance. Should any of this happen to you, the policy covers the costs. 

In case you suffer from any long-term health conditions, you should probably examine the more specific travel insurances intended for pre-existing medical conditions. It will certainly cost more, but any specific claim regarding your condition will be declined otherwise. Other incidents are generally covered by travel insurance one cover and in the event that anything happens to you, you will be taken care of at your destination of choice rather than your country of origin. 

Can you get travel insurance without a return ticket?

Travelling without a return ticket is all the rage among adventure-seekers nowadays, yet most travel insurance agencies won’t offer you coverage without a return date. What is more, they usually require a return ticket with a specific date to complete the form. That’s where one-way travel insurance comes in handy, offering the possibility to travel without a return ticket and still stay insured. 

Where can you find the best travel insurance in Australia?

You can take out travel insurance policies that range from a few days to a few months. You can either ask a standard insurance company to cover your one-way trip or do business with a company that specializes in such coverage. According to user reviews, some of the best travel insurances in Australia are as follows:

  • 1Cover

1Cover was founded in 2003 and has dominated the Australia and New Zealand market ever since. 1Cover covered more than 1.5 million travellers in 2018 and 2019 alone, receiving the Travel Insurer of the Year award from ProductReview.com.

  • Columbus Direct

Columbus Direct is another industry-leading insurance provider. The company dates back to 1988 and has an extensive history of innovation. Established in the UK, it has had a strong market presence in Australia for years. Columbus Direct has won multiple awards, including the ITIJ Travel Insurance Intermediary for 2008, 2012, and 2013.

  • DownUnder Insurance

DU Insurance has been covering travellers since 1988, offering the best prices on the market. What makes DU Insurance stand out are the various specific policies on offer, such as insurance aimed at covering older families, multiple trips, business travels, and of course, one way travel insurance.

Conditions of Cover

Whenever you’re taking out travel insurance, it’s prudent to investigate the terms and conditions it actually provides. Let’s take a look at some of the benefits of one-way insurance.

BenefitWhat does it entail?
Overseas medical costsUnforeseen hospital expenses (except pregnancy and childbirth)
Cancellation feesCost of previously paid travel, accommodation and similar expenses. Should you be forced to delay or cancel a trip due to a last-minute event or injury, the travel insurance covers it
Luggage and personal effectsThe cost of your personal belongings. In the event that they are lost, damaged or stolen, you can rely upon your insurance
Additional costsAdditional travel, accommodation and food expenses. You will be reimbursed if the event was insured

The claim you are entitled to receive will vary depending on the company and type of insurance package you’ve chosen. After reviewing your needs and the nature of the trip, the exact figures for the insurance premium and the claim should be presented to you by the travel insurance agent.

While it’s an awesome option to have, one way travel insurance from Australia has its downsides and does not cover absolutely everything. We’ve taken a closer look at the exceptions and list them below.

Your one-way travel insurance will not cover:

  • Incidents that occur 24 hours after you’ve left immigration control in the destination country
  • Mistakes in your travel bookings
  • Any type of incident including alcohol and/or drugs
  • Riding a motorcycle without the necessary licence or without wearing a helmet
  • Loss of luggage if left unattended
  • Countries listed on the ‘do not travel’ list by the Australian government’s Smart Traveller website
  • Pre-existing medical conditions
  • Hospital costs that arise in Australia (that are already taken care of by Medicare or your private health insurance)
  • Relevant vaccinations and inoculations are at your own cost if you’ve failed to take them before leaving

Advantages of One Way Travel Insurance

What are the main advantages that might encourage you to choose it? Let’s dive in and talk details.

Annual travel insurance, also known as the standard multi-trip travel insurance, covers you for 12 months, but the time spent abroad is usually limited to a month, whereas one-way travel insurance lets you freely wander around the world without a specific return date. Maybe you feel like going to another country to work for a few months, but aren’t necessarily interested in specifically defined business trips, or you’ve decided to slowly find your way across Europe or Asia. Such circumstances benefit from the protection and lack of constraints of one-way insurance, compared to standard travel insurance packages.

For a clear overview, we’ve listed the main advantages in the table below.

Medical benefitsFinancial benefitsSnow sports benefits
24/7 Overseas medical assistanceTrip cancellation expensesSnow sport equipment
24/7 Overseas hospital expensesPersonal liabilitySnow equipment replacement hire
Overseas emergency dental careTrip disruption expensesSnow prepaid expenses
Overseas emergency evacuation & repatriationTrip resumption expensesSnow resort closure
Overseas hospital cash paymentLuggage & personal effects
Accidental deathPassports, credit cards, & credit card fraud
Permanent disabilitySpecial event transport expenses
Loss of incomeRental vehicle excess
Travel delay expenses
Delay of luggage and personal effects
Theft of cash

How much does travel insurance cost in Australia?

You can usually find one way travel insurance in three principal plans, depending on the type of travel and your personal needs: basic, standard, and comprehensive. Additionally, there’s an optional Snow Sports Plan, which can be bundled with any of the others.

The price of any type of travel insurance policy will vary depending on your destination, the characteristics of your trip, as well as some personal attributes such as your age. In general, the average prices are about $45 for the basic plan, $65 for a standard plan, and $75 for the comprehensive insurance. In order to work out the final cost, you will need to contact an insurance specialist and discuss the nature of your trip.

What’s The Bottom Line?

Оne way travel insurance is a real benefit to those looking for affordable coverage during a one-way trip to a specific destination or a wide-open, no-agenda trek of self-discovery. It doesn’t require a return ticket, letting you explore the world without having to worry about medical and financial safety. Should anything happen to you while abroad, you will be taken care of at the destination country with all of the expenses covered, as opposed to having to cut short your trip and return home to be treated.

However, note that any pre-existing medical conditions – including pregnancy or childbirth – won’t be covered by your one way travel insurance package. If you expect to find yourself in such a situation, it’s probably better to have other options at your disposal in order to maintain your safety and sense of well-being on your travels.

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