Complete Guide Zoom Travel Insurance in New Zealand [2024 Review]
Planning a trip? This comprehensive guide explores Zoom Travel Insurance for NZ residents, including policy options, coverage details, claims process, and FAQs.
If you’re planning a trip abroad then travel insurance should be on your list of things to do! It offers peace of mind and protection when away from home, helping to ensure you’re cared for and aren’t out of pocket if the unexpected happens.
Speaking of the unexpected, you may not know that your credit card actually comes with a form of travel insurance which may be more comprehensive than you’d expect.
In this article we’re going to delve into the ASB complementary credit card insurance, including who’s eligible, what’s covered and what to look out for.
💸 Hold 40+ currencies in your account and spend at the mid-market exchange rate with the Wise Debit card while abroad. |
---|
Learn more about the
Wise Account and card
If you’re a Platinum Cardholder with ASB you can be eligible for complimentary ASB Visa Platinum Rewards Travel Insurance.¹ This insurance applies to overseas travel that departs from and returns to New Zealand, offering a level of protection if something unexpected happens while you’re abroad.
Currently, this policy is only available to holders of an ASB Visa Platinum Rewards credit card.¹
While ASB offers the insurance, they aren’t the underwriters. Instead, the policy is underwritten and managed by AIG Insurance New Zealand Limited.¹
Here are some of the main benefits of using your eligible ASB credit card to access the complimentary travel insurance.
The travel insurance offered by ASB includes coverage for a number of different events which are outlined in their entirety in the current PDS.
Here’s a quick look at some of the main sections and the associated benefits.¹
Coverage | Maximum Benefit |
---|---|
Medical expenses | Unlimited (sub-limits apply) |
Missed connection | $10,000 per person or family |
Travel delay (12+ hours) | $400 per person up to $1000 per person $800 per family up to $5000 per family |
Luggage delay (12+ hours) | $1000 per person $5000 per family |
Luggage, money and replacement travel documents | $20,000 (sub-limits apply) |
Rental vehicle excess cover | $3000 per person or family |
As seen on 29 March 2024
Like most insurance policies, there are exclusions that can limit or void your coverage. These are a few of the general exclusions to know about which can apply to costs or losses that arise directly or indirectly.¹
It’s worth checking the current PDS to see which exclusions would apply to you and your travel plans.
There are some eligibility criteria you need to meet to be covered by this travel insurance policy.¹
A spouse and dependent children can also be covered under this insurance provided their ticket purchases also activate coverage and they’re travelling with the Platinum Cardholder.
To activate the policy you and any covered companions need to meet at least one of these criteria before leaving New Zealand, at which point you’re automatically covered.¹
If you want to confirm the policy is active you can check on the ASB website. It’s important to keep in mind that if you make a claim you will be asked to prove that your coverage was activated.
With the ASB credit card travel insurance, any claims you make will be managed by AIG, the insurance underwriter.²
In the event of a medical emergency contact AIG Travel on +64 (4) 916 6312 for guidance as soon as possible after admission to hospital. If it’s non-emergent you can still call +64 (4) 916 6312 to consult a registered medical practitioner or gain advice on where to go for treatment.
For other claims that are being made either during or after the trip, head to the ASB Travel website for the claims procedures and forms.
In the current PDS there’s no specific mention of COVID-19. As a result, your level of coverage would be dependent on the current status of COVID-19, and whether or not it’s being considered an endemic disease, meaning it’s present in the community but not out of control, or an epidemic or pandemic.
Here’s a couple of other things to keep in mind when deciding if this complimentary policy is right for you.
For the ASB credit card travel insurance policy there are some excesses that apply. One to be aware of is that you’re required to pay the first $200 of every claim made under Sections 1, 2 and 3 arising from the same event.¹
If you’re heading off on a business trip it is highly likely this insurance won’t be valid, even if the trip is combined with leisure. That’s because if the company pays for the flights you wouldn’t have met the activation requirements for the policy.¹
If you have more questions here’s a few contact numbers you can use.
With a Wise Account you can hold money in 40+ currencies and spend it in 150+ countries. Whenever you exchange currencies it’s done using the mid-market rate with a transparent conversion fee shown upfront.
To make everyday spending easier you can order a Wise Debit card for your Wise Account and generate virtual cards as needed. If you have the local currency in your Wise Account the Wise card will use it and charge no fees. If you don’t, it uses smart technology to auto-convert your money at the mid-market rate, for a conversion fee.
Join over 16 million customers currently using Wise. It’ll only take a few minutes to register and see what’s inside.
Register your Wise account
in minutes
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information. |
---|
Sources:
Sources checked on: 29 March 2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Planning a trip? This comprehensive guide explores Zoom Travel Insurance for NZ residents, including policy options, coverage details, claims process, and FAQs.
Learn how Vacations To Go can help NZ residents save on travel. This guide covers everything from finding deals to booking your trip.
This guide covers everything NZ residents need to know about pay later travel. Explore available options, eligibility criteria, payment plans, and FAQs.
Travelling overseas from New Zealand soon? Sounds like you’ll need to organise some travel insurance. Although it's not mandatory to have, it can be a...
If you’re a Kiwi who’s keen to travel and explore new destinations, sorting out travel insurance is a must. Whether purchased as a standalone policy or...
Each year hundreds of thousands of New Zealanders travel abroad to explore new places, visit family and follow up on exciting opportunities. Many choose to...