Annual travel insurance can be a good way to cover all of your family's trips for the whole calendar year. It will cover you and your family for the entire year, no matter if you are on a family rate or a couple's rate.
An annual policy is the best option for frequent travelers, who may not have time to review and purchase a policy per trip. Adamski adds that it is also a good option for digital nomads or travellers who frequently travel last-minute.
The cost of an annual plan can vary depending on the amount of coverage you need and the frequency of your trips. Average cost is between 5% and 6% of total trip cost, but can vary depending on frequency.
There are a number of different types of annual travel insurance. The multi-trip insurance policy covers a set number of journeys in a given year. Another option is an annual medical travel plan.
Adamski says that a multi-trip policy may be better for high-cost trips such as those to foreign countries or popular destinations in the United States. Multi-trip insurance could be a better option for trips that are expensive, like those to popular U.S. destinations or foreign countries.
A multi-trip travel insurance policy is a great option for people who take frequent trips to see family and friends, or for those that head overseas frequently for business travel, he adds. It usually has a per-trip duration limitation, and it may be more expensive than an annual travel insurance policy, but it can be worth it for the convenience.
You should also consider purchasing an annual travel insurance policy, if you do not already have one. This can often be more affordable than an annual plan. Travel medical insurance policies are sometimes only available to people under 65. Be sure to check with the company you're insured with.
Purchase an annual international travel policy to protect yourself and your family whenever you travel internationally for either work or leisure. This type insurance protects you and your family on a limited number of international trips per calendar year. While it is often cheaper than a medical travel plan for an entire year, it might not offer the same level of protection.
Lastly, you can also buy an annual medical travel insurance policy if you have primary health insurance that doesn't cover you while you're away. These policies may have a maximum length of stay that varies by plan.
Annual travel insurance typically covers a number of specific trips during a given 365 day period. It includes benefits for pre-departure as well post-departure as an optional benefit upgrade.