Why is Annual Travel Insurance Cheaper Than a Single Trip?
We all know just how important it is to have a travel insurance to keep us covered and protected while we’re away. With a lot of different insurance policies and coverages, it can be overwhelming to choose which one can be best for your needs. There are many types of travel insurance such as family travel insurance, group travel insurance, couple’s travel insurance and etc., but the most popular is a single trip and annual travel insurance.
Annual Travel Insurance versus Single Trip
More travelers opt to purchase annual travel insurance than the other types of travel insurance policies available like the single trip insurance as they believe it is cheaper and more beneficial to them. But what is really the difference between the annual travel insurance and single trip?
The Annual Travel Insurance (also called multi-trip insurance) is specially designed for families or couples who undertake several trips within 12 months from the date the policy starts while the Single Trip Insurance is a type of insurance covers you for just one trip and ends right when you come home.
More and more choose the annual travel insurance because in terms of cost-effectiveness it is cheaper in the long run. It is true that the single trip travel insurance is cheaper than the annual one but if you go on several trips within a year and you take out the single trip policy each time, obviously, the cost can certainly add up. With an annual travel insurance, you can take many trips as you wish and you’ll be covered all year long — without paying additional costs.
Why Choose Annual Travel Insurance?
Though both the annual and single trip travel insurance cover medical expenses, baggage/luggage, cancellation, repatriation, and personal money, there are some benefits that you can only enjoy when you buy the annual travel insurance aside from being cheaper than the single trip if you’re traveling most of the time. The following are the key benefits of annual travel insurance:
- If you avail the 45 days Annual Multi Trip Policy you can enjoy 17 days Winter Sports Cover FREE.
- Children 17 years and below and couples are covered for free.
- Available for people 79 years’ old
- Individual trip durations for up to 120 days
- 24-hour emergency assistance, no hidden charges, and low excess levels
- Cruise covers are included as standard
- End supplier insolvency insurance which includes the schedule airline insolvency insurance
A travel insurance can protect our financial freedom when something unexpected happens while we are away. If you’re planning to take several trips abroad within a year, then it is more cost-effective to purchase the annual travel insurance. With it, you only need to buy just one insurance policy per year with no any additional costs no matter how many times you travel within the 12-month period. The only issue with this type of insurance is that it costs more than the single trip if you don’t travel enough.
