All travelers must have a travel insurance policy in place with sufficient cover, but most of the time we think that which policy we should buy – Annual or Single Trip Travel Insurance?
Annual Multi Trip Travel Insurance
If you are doing travelling more than two or three trips a year, it would be more advisable to get annual travel insurance, since this will come out to provide cheaper coverage. This could include business and personal travel and will cover all your trips for a year. It also provides the added convenience in that you don’t need to buy travel insurance every time you travel. This kind of travel insurance covers you for a specified number of trips or a specified number of days of travelling in a year.
Annual Multi Trip Travel Insurance could suit you if –
1.You go away more than two or three trips a year
2. You job or business requires you to make unpredictable trips and not have the time to buy the necessary insurance.
3. Maximum duration per trip – 45 Days
Single Trip Travel Insurance
Single trip travel insurance would usually be for someone who does not travel a lot within the year and is only going for a limited number of days. This kind of insurance provides a maximum time limit for the trip you will be taking. This limit is usually shorter than 180 days.
Single Trip Travel Insurance could suit you if –
1.You want cover for a single trip of 180 days (extendable up to 360 days)
2.You’d like to tailor your travel insurance to meet your needs