What is the difference between travel insurance and visitor insurance for Australia is important for choosing correct cover. Travel insurance is for short-term trips, typically 1 day to 12 months, covering medical, hospital, emergency evacuation, trip cancellation, baggage loss, personal liability and 24/7 assistance, for both Australians going overseas and foreigners coming to Australia for holiday, costing $50 to $300 for 2-week trip with $20M medical cover, from providers like Cover-More, Allianz, 1Cover and World Nomads. Visitor insurance, also called Overseas Visitor Health Cover OVHC, is specifically for foreigners visiting or living temporarily in Australia on tourist, working holiday, 482 and other temporary visas, covering mainly health and hospital costs in Australia, like public and private hospital, GP, ambulance and repatriation, with limited or no cover for cancellation and baggage, costing $40 to $150 per month for single, from Bupa, Allianz Care, Medibank, nib and AHM, and meets Department of Home Affairs adequate health insurance requirement for visa. Travel insurance is for return trip with cancellation cover, visitor insurance is for stay in Australia with health focus. For example, if you are US tourist visiting Australia for 2 weeks, travel insurance from US covers cancellation and medical $100K, visitor insurance OVHC bought in Australia covers hospital $1M but not cancellation. Many visitors buy both, travel insurance for trip and OVHC for health while in Australia. For long stay over 3 months, OVHC is required.
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