Southern Cross Travel Insurance (SCTI) has investigated related claims for customers from Australia and New Zealand to understand the impact of the cyclone. Scti has a unique vision as a travel insurer that operates in New Zealand and Australia, with clients traveling through the Tasman Sea between the two countries, or in the country inside and between the states.
Jo McCauley, CEO of Scti, commented: “We are pleased to help a wide variety of customers of both markets and we are seeing extreme climatic events that promote an increase in claims, so we are interested in travelers understand how important their investment is to protect their investment on a long -awaited vacation.”
As of March 13, Scti had received 65 claims from New Zealand clients, with the vast majority about cancellation and changes in a trip before the client left.
McCauley said: “Of the 65 claims received, we have paid more than NZ $ 29,635 to date with more than $ 100,000 probably why do.
He added: “In 2024, we saw a 16% increase in the interruption caused by natural disasters or severe climatic events since we began to see this problem in 2018. Every year, since then, the climatic conditions seem to be increasingly extreme than the last one that the last one is already representing 9% of the cadastrophic claims of 2024, with cyclone aluminum that is now added to this total.
According to the last future of SCTI’s travel research, travelers appreciate the need for travel insurance when they go abroad, but they often do not see the importance of national travel insurance, with only two out of five (41% of Australians, 40% of Neozylalands) that say that national travel insurance is a high priority for them.
McCauley concluded: “Internal research shows that Neozylalands are less likely to buy a policy to travel to Australia, which, given this and other recent events, is probably not wisest.”
A new research from SCTI suggested that younger Australian adults choose to prioritize travel on the purchase of a house, reflecting the generational economic division.
