Annual and Single Trip Travel Insurance – The Great Debate

Travelling around the world is definitely an exhilarating experience. No one can deny the fact that travelling to foreign land has some risks. It doesn’t matter if you are travelling for a business or leisure; you certainly need much planning before the trip. Moreover, even after the vigilant trip planning, you cannot ignore the risk of mishaps such as medical emergencies, natural catastrophes, terrorism, theft, and damage. This is why it is advocated to get an annual or single trip insurance to stay tension free.

Both types of trip insurance will provide legitimate cover on the listed mishaps on the insurance deal. However, it is important that you must conclude which type of insurance is beneficial for you. The annual trip insurance provides legitimate cover for multiple trips in a year. On the other side, if you are not a frequent traveler and travel only on holidays then single trip travel insurance is there for you.

However, it is advocated that if a person or a family travel more than twice in a year then annual travel insurance is more cost-effective, since it is cheaper and provides more benefits than single trip coverage. For instance, in the UK, the single trip travel insurance would cost £42 for the two-week trip to the United States. Whereas, the annual multi trip insurance would cost £65 for a multi-trip to the United States giving an extensive list of benefits (such as winter sports insurance) for a small fee or free of charge. Moreover, this type of insurance offers legitimate cover of £10 million on medical expenses, £1,500 on baggage protection, and £3,000 on the cancellation of the holiday which is more than if taking single trip coverage.

Additionally, the annual trip travel insurance also provides insurance cover for the trips of family members during the insurance period. The annual trip travel insurance offers greater cancellation and medical cover, which lacks in single trip travel insurance. Also, it is beneficial for the people whose travel plan is uncertain and they require last-minute insurance deals. With the annual trip travel insurance, you don’t have to worry about the insurance coverage on the trip. You can travel at any time with the assurance of being covered on your travel.

Annual Multi Trip Travel Insurance

Multi Trip Travel Insurance is also known as Annual Travel Insurance.

With an annual multi trip you can take unlimited trips in a 12 month period. It is ideal for anyone who takes more than 3 trips a year, especially for anyone with a family because most multi trip insurance allows for up to 4 children for free.

Benefits and advantages of multi trip insurance:

  • Take unlimited trips annually. (depending on the insurer, each trip duration limit can range from 30 days to up to 60 days).
  • Children are insured for free, usually up to 4 children under the age of 18. Please note that children are covered only if they travel with one of the insured adults.
  • Some of the insurers throw in a Free Ski Insurance ranging from 7 days – 21 days annually.
  • Few Annual covers provides domestic travel insurance. This usually has a minimum distance and will require a hotel stay as well. The domestic travel insurance cover makes the Multi Trip Insurance even more compelling economically.
  • It works out cheaper if you take 3 or more trips a year, especially if you add up all your business and holiday travel cover.
  • Multi Trip Insurance cover is ideal for contract workers who have to travel a few weeks at a time on project related work.

Why You Need Travel Insurance

We are most vulnerable when we travel and Trip Insurance is the only way to protect yourself for monitory loss incurred due to circumstances beyond your control. These eventualities can occur at any time before or during travel and its essential to have protection against them. Here are some examples of why you need travel insurance:

  • You meet with an accident on the way to the airport and subsequently miss the flight to your non-refundable holiday.
  • You or your family member falls ill a few days before the holiday, forcing you to cancel your trip.
  • Your baggage is lost or delayed by the airline and you are forced to buy the essentials. In the event it’s lost, the airlines pay very little as compensation, so you need insurance.
  • You or your family members meet with an accident or fall ill and require medical attention or surgery whilst on holiday. This can prove to be very expensive depending on which country you are in, especially if it requires medical evacuation.
  • You accidentally damage someone else’s property or person and require legal representation and or have to pay 3rd party damages.
  • Travel insurance for activity holidays like skiing, etc., where there is a greater change of injury, damage and loss.
  • In case your expensive equipment or possessions like jewelry, camera, ski equip, etc., is damaged, stolen or lost.
  • You are forced to evacuate because of a natural calamity and lose your possessions in the bargain. Some situations require emergency evacuation as well.
  • You and or your family members get food poisoning and needs hospitalization.
  • You need someone to fly out to you in the event you are hospitalised.

What Annual Multi Trip Travel Insurance is All About

Travel companies and insurance companies have addressed this new choice in terms of travel preferences by offering very tempting annual multi trip travel insurance plans. The main benefit to buying annual multi trip travel insurance is that it provides good cover and is less costly than buying several single trip travel insurance policies. In fact, if you buy single travel insurance policies each time you travel you would end up spending more on travel insurance than on the price of your tickets.

Before deciding to buy annual multi trip travel insurance it is a good idea to make an assessment of your travel needs and then choose an appropriate insurance cover while at the same time also taking into account the needs to travel for business, holidays and any other reasons to travel. In case you find that you will be traveling more than once in a year then buying annual multi trip travel insurance makes sense as it will help you to save valuable money and time as compared to buying a single trip insurance policy each time you travel.

The main benefit to buying annual multi trip travel insurance is that it ensures that you will be covered for each trip you take including trips that involve making very short duration halts. In fact, annual multi trip travel insurance means that you can rest assured of having greater peace of mind knowing that you are covered and have very little to worry about.

Annual holiday travel insurance in fact is ideally suited for people that are very passionate about traveling for the purpose of vacationing during a year. Such an insurance coverage will help you get cover no matter how many times in a year you travel and there will also not be any additional costs incurred regardless of how many trips you take in a given year.

Factors to look out for when buying annual multi trip travel insurance include knows whether you are of the right age to get maximum benefits; are there limits on how many trips you can take in a year; and, are you covered for business travel and are children and partners also covered. Keeping in mind these factors, you should then focus your energies in finding a suitable insurance cover to address your travel needs.

Cheap Single Trip Travel Insurance Takes Care of Health and Luggage

When making plans to take a trip for your next vacation it is very easy to believe you won’t need insurance for a cheap single trip. Insurance is a necessity because no matter how carefully we plan our trip there is no guarantee that things will go one hundred percent smoothly. It really is much better to realize there is a small chance that something unexpected may occur.

Something could go wrong with your health. It may not be very serious but if you need medical attention in a foreign country it is going to cost a great deal. No matter where you are in the world, good medical care is expensive.

Your child may fall and break an arm or suddenly develop full blown measles. Not only do you want medical care but you want the best. If you have cheap single trip travel insurance then you will know exactly how much money is available to you in this situation.

In fact, it is very likely you will be in contact with a representative of the travel insurance company to advise you through the procedures.

When compared to illness or sudden accidents then the loss of luggage does not seem as important. However, just because you don’t need medical care does not mean you have to put up with losing your assets. Luggage is a necessary part of traveling.

It is very common to fill your luggage with curios, gifts and other luxury items. There isn’t an airport in the world that does not have to deal with its fair share of lost luggage. More often than not, lost luggage is never recovered and simply remains lost.

Don’t forget, it is not only the contents of your luggage that you will be covered for but also your actual luggage. Nowadays, decent luggage that can take the rigors of travel is expensive. Cheap single trip travel insurance will cover this.