Annual Travel Insurance

If you are planning a trip than you most likely were questioned if you would like to purchase travel insurance. , Travel insurance is protection for those things that could cause you cancel a trip whether it is your fault or the airlines fault. Travel insurance can be bought for a one time event or if you are a regular traveler it may make financial sense to purchase an annual policy.

What is it?

So you may be wondering what is an annual travel insurance policy? Basically, an annual travel insurance policy helps you be covered for traveling for multiple trips in a year. If you are traveling a couple times or know that you are planning a few trips than this option may be in your best interest. Instead of purchasing coverage for each trip, just get one policy for the year and you will be all set. It will save you money in the long run since you only pay one premium for the year. You need to weigh your cost vs the benefits.

How does it work?

Purchasing annual travel insurance works similar to your standard travel insurance. However, you will just need to make sure you insurer offers this type of insurance. When selecting your policy to enroll in make sure you select the annual policy. It may ask you a bunch of questions regarding the trips you are going to take but the most important is to be sure to include the length of your longest trip. Basically the annual insurance makes sure it will cover you for an extended period of time. You will be covered for an unlimited number of trips as long as it is within the year, to the day that you enrolled. If you happen to find out if a trip of yours overlaps your end date, it is best to contact your insurance company to make sure they will extend your policy for a few days. It is as simple as that!

Who is it for?

Obviously the type of person who would be interested in this type of insurance product is someone who travels often. The more you travel, the more you get out of your policy. You should be sure to review all of your policy documents to make sure you are a proper fit for the product. Certain medical restrictions or cancellation reasons may not apply to your policy so it would not be smart to enroll in something that wouldn’t even be able to claim or use.

An informed insurance broker will know all of the ins and outs of this type of product if you have additional questions. Long story short, if you have a number of trips planned within the year than you should definitely invest in this product.