Most vacationers and travelers will opt for single trip travel insurance when they travel, but frequent travelers should consider getting an annual travel insurance policy instead. Annual multi trip travel insurance provides coverage for all trips made within a year.
The major benefit that an annual plan travel insurance policy offers regular travelers is savings. Rather than paying for a single trip travel insurance policy each time they travel, which can add up to quite a lot of money, those who travel frequently can purchase an annual multi trip travel insurance policy and get the same coverage for every trip at a lower overall price. The savings will be greater for travelers who go on many trips, but generally, it will benefit those who travel more than two times a year. In some cases, one annual plan policy is even more affordable than two single trip insurance policies.
Other than savings, an annual multi trip travel insurance policy also provides great convenience for regular travelers. This is especially true for business travelers, because it means they do not have to book travel insurance every time they go on a business trip. Adventurous travelers who may make last minute trips will also find that an annual travel insurance plan is a better option, because they may not have enough time to make arrangements for travel insurance before their trips. Annual travel insurance also provides coverage for eventualities that are more likely to happen to adventurous travelers.
There are different types of annual multi trip insurance policies to suit the needs of different travelers. Families and couples can avail of special annual travel insurance packages that offer great discounts, and some policies even offer free coverage for children. Another option usually offered with an annual travel insurance plan is activity-based coverage. Such a plan can cover a variety of sports and recreational activities as well as special events, such as: golfing, winter sports, or weddings, but the coverage is usually only valid for a limited number of days, and extra money has to be paid to extend the duration of the coverage. Many travel insurance agents also provide special policies for businesspeople and professionals, and these policies offer coverage for certain work-related activities, but they are usually not available to manual workers.
One of the main reasons why travelers choose annual multi trip insurance is because it is flexible, and it can be easily customized to suit the insurance needs of different individuals or groups. Besides getting extra coverage for special activities, travelers can choose to exclude certain coverage items, such as: baggage, cancellation, or cash, and get a discounted rate. Ordinarily, an annual travel insurance plan has a limited coverage of 31 days for each trip within the year, but the duration of coverage can be extended to 45 days or 60 days at an additional cost.
Photo credit: https://www.flickr.com/photos/jimfrazier/
