Getting Low Cost Annual Holiday Or Travel Insurance

August 29th, 2007 Posted in Annual Trip Travel Insurance

Holiday insurance is usually a very important investment for frequent travelers. Baggage loss, cancellations, delays and medical emergencies can be extremely costly for travelers. The more frequently you travel, the more likely it is that you will encounter these problems. The cost of travel insurance for several trips can add up and become quite a substantial sum. There may however be a simple solution – annual holiday or travel insurance.

Annual holiday or travel insurance offers all of the coverage of other travel insurance policies except that, instead of purchasing it for each individual trip, customers purchase this insurance once a year and it covers any trips they take during the given year. For frequent travelers, this can represent a huge money savings. In fact, many times, if you plan to purchase insurance for even two holidays in a given year, annual holiday or travel insurance is a better deal than individual trip policies.

Who Sells Annual Holiday Travel Insurance?

Two well known policies that offer annual rates for holiday travel insurance are Medjet and Travel Guard; these are certainly not the only such policies but they show the distinctions that exist among policies. Medjet focuses primarily on medical coverage while Travel Guard offers more comprehensive coverage. Shop around from a variety of independent insurance companies and agents, read the fine print on any policy, and be sure to talk to someone to be sure that the annual holiday travel insurance policy is purchasing meets all of
your travel insurance needs.

How Much Should I Expect To Pay?

Annual Holiday Travel Insurance policies are generally relatively inexpensive, and can cost as little as $100 American, covering any and all trips that you take during a given year. When you compare that to an average per trip insurance cost of about $60 American, it quickly becomes apparent that this is a good deal for most frequent travelers. Depending on the types of coverage you need, your rates may be higher, so once again consider all your options before making a decision.

Something to keep in mind is the fact that you pay for this type of insurance annually, whether you end up traveling frequently or not. If you are only going to travel once a year, then annual holiday or travel insurance will be a waste of money. If you are going to be going on several trips however, then this may be a very viable and cost-saving option for you.