ANZ Rewards Black travel insurance: what does it actually cover?

Reimburses the non-refundable portion of prepaid travel and accommodation, plus travel agent fees and lost frequent flyer points, up to $20,000 per cardholder or spouse. It triggers on any cancellation, disruption or rescheduling that was unexpected and outside your control, not a short named-reasons list. A $500 excess applies per claim, and pre-existing conditions are excluded unless assessed and approved.

Covers overseas emergency medical and hospital costs up to $20 million per cardholder or spouse, with a $500 excess per claim. Treatment is arranged and approved by the 24/7 Allianz Global Assistance line, and cover for a covered event continues for up to 12 months of treatment. Pre-existing conditions are not covered unless assessed and confirmed in writing for a $75 fee.

Overseas Emergency Assistance covers medical evacuation and repatriation up to $20 million, arranged by the Allianz Global Assistance team, with no excess. It includes emergency transport to the nearest suitable hospital, repatriation to Australia when medically necessary, and repatriation of remains. The 24/7 line is reachable from overseas on a reverse-charge basis.

Covers overseas emergency dental for sudden acute pain to natural teeth, up to $2,000 per cardholder or spouse, with a $500 excess. It is limited to the relief of spontaneous pain, not planned, routine or cosmetic dental work.

Pays a cash allowance of $75 per person per day while you are hospitalised overseas, up to a total of $8,000 per cardholder or spouse, with no excess. It is a small comfort payment on top of medical cover, not a substitute for it.

Additional Expenses covers reasonable extra travel and accommodation if your journey is disrupted by a covered event such as injury, illness or a transport failure, up to $100,000 with a $500 excess. It picks up the unplanned costs of getting back on track after something goes wrong overseas.

Travel Delay Expenses pays for meals and accommodation once your transport is delayed six consecutive hours or more, at up to $50 for meals and $250 for accommodation per 24 hours, capped at $2,000 with no excess. The delay must be outside your control.

Alternative Transport Expenses reimburses the reasonable cost of alternative transport to reach a destination on time after a covered delay, up to $2,000 per cardholder or spouse, with no excess. It applies when a scheduled service fails and you need another way to get there.

Return Home and Resumption of Journey pays up to $3,000 to fly home and, where time allows, resume your trip after the death or hospital admission of a relative in Australia, with no excess. It covers the extra fares that a family emergency forces on you mid-trip.

Luggage Delay pays $500 for essential purchases after a 10 hour delay, plus a further $1,000 after 72 hours, up to $1,500 per cardholder or spouse, with no excess. It covers the clothes and toiletries you buy while the airline still has your bag.

Luggage and Personal Effects covers theft, loss or accidental damage up to $12,000 per cardholder or spouse, with a $500 excess. Per-item sub-limits apply: $4,000 for computers, cameras and video cameras, and $1,000 for any other item including mobile phones. Items left in a vehicle are covered only up to $5,000 and only during daylight hours.

Covers the cost of reissuing lost or stolen travel documents, transaction cards and travellers cheques up to $3,000, and fraudulent use of your cards up to a further $3,000, with no excess. It helps you replace what you need to keep travelling after a theft.

Personal Liability covers your legal liability for accidental injury to other people or damage to their property overseas, up to $3,000,000 per event, with no excess. Legal expenses are covered separately up to $15,000. It is the benefit that matters if an accident abroad turns into a claim against you.

Pays a lump sum of $50,000 on the accidental death of a cardholder or spouse and $25,000 per dependant, up to a family total of $150,000, with no excess. Permanent Disability is covered separately at $50,000 per cardholder or spouse.

Loss of Income replaces your verified weekly income if an overseas injury stops you working after you return, up to a total of $10,000 for a cardholder or spouse, with no excess. There is no cover for dependants. It applies only to injury, not illness.

Domestic Travel Insurance covers cancellation of prepaid interstate travel up to $3,000 for all claims combined, with a $100 excess. It applies to interstate trips where the return domestic flight, or at least $250 of prepaid costs, is charged to the card. Cover runs for up to 28 days per journey.

Pays for meals and accommodation after a domestic flight delay of four hours or more, at $125 per person up to a total of $300 for all claims combined, with no excess. It is modest cover for an interstate delay, not a full domestic policy.

Covers reasonable extra domestic travel and accommodation after a covered disruption on an interstate trip, up to $3,000 with a $100 excess. There is no domestic medical cover, because Medicare (Australia's public health scheme) applies within Australia.

Covers domestic luggage loss, theft or damage at up to $750 for each covered item and $2,000 in total, with a $100 excess. The per-item cap is low, so a single expensive item is only partly covered.

Pays for essential purchases after a domestic luggage delay of 12 hours or more, at $150 per person up to $400 for all claims combined, with no excess. It covers the basics while an interstate carrier still has your bag.