Friends With Money #278: Travel insurance mistakes that could cost you

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Planning an overseas holiday? Once you've booked your flights and accommodation, travel insurance should probably be next on your checklist.

On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Natalie Smith, travel insurance expert and head of marketing at Comparetravelinsurance.com.au.

They run through what travel insurance really covers and the common mistakes travellers make.

a woman boards a plane with a backpack - friends with money podcast episode on travel insurance mistakes

Episode timestamps

00:00 Introduction

01:44 When should you buy travel insurance?

03:13 Basic vs comprehensive travel insurance

03:38 How much does travel insurance cost?

05:23 Does travel insurance cover adventure activities?

07:00 Can you rely on credit card travel insurance?

09:00 The most common travel insurance mistakes

10:20 Natalie's top travel insurance tip

11:14 Conclusion

Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Tom Watson is a senior journalist at Money magazine, which won three awards at the 2026 Mumbrella Publish Awards, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.

Natalie Smith is head of marketing at Comparetravelinsurance.com.au and a travel insurance expert with more than 10 years' experience in the insurance industry. Qualified in Tier 2 General Insurance - General Advice, she specialises in travel insurance, travel safety and real-life claims, helping Australians better understand their cover before they travel. Natalie regularly provides expert travel insurance commentary across a range of media outlets and is committed to providing no-nonsense information to help Australians make decisions about their travel insurance. Connect with Natalie Smith on LinkedIn.