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Annual travel insurance
A Guide to Annual Travel Insurance

Nowadays a lot of US consumers are opting to take out annual holiday insurance rather than to simply insure themselves on a single trip basis. The fact is that taking out a cheap annual travel insurance policy can be much more cost effective than taking out a policy every time you plan a trip.

And, with more and more of us taking more holidays, weekend breaks, and short trips abroad every year, annual travel insurance can simply be a quick and easy way of getting protection; once you arrange annual holiday insurance then you can forget about it! And, if you take the time to look for cheap annual travel insurance, then you could make significant savings.

How does annual travel insurance work?

Unlike single trip insurance which will give you coverage for one specific holiday, cheap annual holiday insurance will give you insurance coverage for a year. So, once you have set up this kind of policy, you don’t need to take out coverage for any other holidays in the course of the policy year. This kind of coverage can be set up for individuals, groups, or families.

What to consider before taking out annual travel insurance coverage

  • People:  Think about how many people will be covered by the cheap annual holiday insurance policy. It’s often possible to find a cheap annual travel insurance policy that will cover a family, but which will cover children free of charge, so you can save some money in that way.

  • Holidays:  Think about the kinds of holiday that you will be taking. If you will mix types of holidays and breaks during the year, then you may need a specialist policy. For example, some standard annual insurance policies won’t include winter sports holidays, so you may need a policy that covers this if you are planning on going skiing.

  • Day Options:  Check on any day limits that are set per holiday before buying an annual policy. Some annual holiday insurance policies will only cover you if your trips are limited to a certain number of days, for e.g. 24 days per trip.

  • Extra features:  Many policies will add extra features to annual trip coverage such as business insurance. So, if one of the people on the policy needs to make a business trip, they may well find that their standard policy covers them as well.

Taking out annual travel insurance isn’t just easy (although there is a lot to be said for only having to arrange coverage once a year!), it is also often a much more cost effective way of buying insurance. Taking out a cheap annual travel insurance policy is a little like buying in bulk; the cost savings make it a lot easier to find cheap annual travel insurance when compared to single trip coverage.

As with any insurance purchase, do make sure to shop around before buying an annual holiday insurance policy. The costs of annual holiday insurance will vary from insurer to insurer and getting a few policy quotes will help you find a cheap annual travel insurance with the right coverage, features and benefits. So, shop around!      

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