The costs associated with some New Zealand adventures can be just as expensive as their overseas equivalent, according to Southern Cross Travel Insurance (SCTI).
Ms Jo McCauley, CEO at SCTI, said in an article posted on the company’s website, “Looking at our claims across the last 17 months we’ve seen the average domestic claim sit at 70% of the value of an international claim.
“We also looked at the number of claims we received for Domestic NZ vs our flagship International Comprehensive policy. Across the same period (i.e., Jan 2023 to the end of May 2024) as a percentage of policies sold, we received more claims for our domestic policies than our international comprehensive policy. And when we compare our claims paid rate on Domestic against our International Comprehensive policy, it’s also marginally higher.
“All of our data shows that customers are certainly finding reasons to claim on their domestic travels and illustrates just how much domestic travel insurance can support NZ travellers adventuring at home.”
The article is titled, “Travelling at home and think you don’t need insurance? You could end up seriously out of pocket.”
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