Annual Travel Insurance: Do You Need It?
Posted on | December 8, 2009 | 9 Comments
Travel insurance is a necessity if you plan to travel away from home. This is especially true if you plan to travel abroad. But not all travel insurance plans are created equally. There are different types of travel insurance and you need to be sure that you are making the purchase that best meets your needs.
One type of travel insurance is called annual travel insurance. It’s not for everybody, but it can save you a lot of money if it meets your needs. Annual travel insurance is just like all other types of travel insurance except that it covers all of your travels for an entire year instead of only covering one trip. This type of insurance is perfect for people who travel several times throughout the year.
There are many benefits that come along with annual travel insurance. For starters, the premium for annual insurance is much lower than that of several single-trip insurance plans. There is also less hassle. You only have to purchase one plan instead of purchasing a plan each time you travel. All in all, annual travel insurance is a great deal if you do quite a bit of travelling.
There aren’t many drawbacks associated with annual travel insurance, but there can be if you use it incorrectly. Insurance premiums are non-refundable, so you need to be sure that you will be travelling extensively throughout the year before you purchase an annual plan. Remember; annual insurance costs more than a single-trip plan. If you only plan to travel one or two times, it might be more economical to purchase single trip plans rather than take out an annual policy.
So, is annual travel insurance for you? Answer the following questions. If you answer yes to any of the questions, you should look into obtaining annual travel insurance.
? Do you take several, short family holidays throughout the year instead of one long holiday?
? Do you travel extensively with your job?
? Do you visit out-of-town friends and family often?
? Do you own a holiday home that you plan to spend a lot of time at?
? Do you have ageing or ill family members that might not be able to complete a short trip?
If you answered yes to any of the above questions, you should investigate annual travel insurance further. An annual policy may end up saving you money, but only if you spend a lot of time on the road. If you travel more than a handful of times each year, you should probably purchase annual insurance rather than trip insurance. However, if you only travel two to three times per year, you might want to compare prices before you make your final decision.
Travel insurance is a necessity, but you shouldn’t have to pay a king’s ransom to get it. Always purchase the best coverage you can get at the best possible price. Beware of cheap, skimpy policies. Always make sure that you know exactly what coverage you’re getting for the price.
Related posts:
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- Annual Travel Insurance Vs Single Trip Travel Insurance: Which Is Better?
- Guide to Cheap Annual Travel Insurance
- Annual Travel Insurance Deciphered
- Cheap Annual Travel Insurance: for a Safer Journey
- The Benefits of Getting Single Trip Travel Insurance
- Annual Travel Insurance: Enjoy Your Trips Without Any Worry
- The Advantages To The Regular Traveller Of An Annual Travel Insurance Policy
- Benefits of Multi-trip Travel Insurance for the Frequent Traveller
- Cheap Travel Insurance: Why You Need to Be Covered When You Travel
Comments
9 Responses to “Annual Travel Insurance: Do You Need It?”
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December 8th, 2009 @ 10:36 am
You can apply online:
http://www.eglobalhealth.com/international_emergency_medical_evacuation.html
December 8th, 2009 @ 11:22 am
Check out a comparison site that has several annual plans from different companies.
http://www.squaremouth.co.uk
http://www.squaremouth.com
December 8th, 2009 @ 12:00 pm
best person to ask is your doctor…he may have reasons for you not to travel long distances…..as for insurance try your insurance agent if he cant then they should know who can…
December 8th, 2009 @ 3:53 pm
call AARP & get updates! user friendly
December 10th, 2009 @ 7:39 am
Yes, several companies offer on line travel insurance, but you will have to print off your cover from wherever you are, and not all internet cafes will let you download/print attachments. Regret you will have to complete the forms fully – whether you think the info is relevant or not
December 10th, 2009 @ 7:58 am
Try Squaremouth.
It's a comparison site that strips away products that are not available to you and allows a sort by price option.
It should be easy to find the right travel insurance product. It also shows you which plans provide pre-existing medical cover.
US Residents:
http://www.squaremouth.com
UK Residents:
http://www.squaremouth.co.uk
December 10th, 2009 @ 9:57 am
My first guess is that you may be covered while traveling on your own and not necessarily with your partner.
It would depend on the specifics of the couples insurance . Most insurance policies cover individuals listed on the policies individually.
Do read the fine print.
December 11th, 2009 @ 1:23 pm
Talk to your parents. They should be able to get it for you.
December 11th, 2009 @ 6:11 pm
"Age Limit
For annual multi-trip insurance you must be under 65 years of age at the start date of the policy. For single trip insurance there is no age limit.If I live outside the UK, can I get travel insurance from the Post Office™?"
"Travel insurance from the Post Office™ is available to UK residents only (including Channel Islands and Isle of Man), where the trip starts and finishes in the UK (including Channel Islands and Isle of Man)."