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Travel Insurance

Single trip vs annual travel insurance: What’s the difference?

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If you’re planning to travel this year, you’ll have to choose between a single trip and an annual multi-trip policy. But, what is the difference, and which one is right for you? Keep reading to find out.

Single trip policy

Generally, a single travel insurance policy only covers you for one holiday trip. That means it ends when you come back home, and you’ll have to purchase another policy if you travel again. A single trip policy is suitable for anyone who travels once a year as it’s cheaper than an annual cover. The only downside is that it provides shorter-term cover.

It’s vital to note that single trip travel insurance gets more expensive per trip. For instance, if you go on a few holidays each year and take out a single policy each time, the costs add up. Fortunately, you get specific cover for your trip, unlike an annual policy, where the cover is not specific to each trip.

Annual multi-trip policy

An annual travel insurance policy covers you for a year from the date the policy starts. So, whether you go for two or ten trips in a year, you’re protected from any damages, emergencies and unforeseen circumstances.

However, insurers can limit you to around 31 days per trip, with others limiting you for up to sixty days per trip. Be sure to check with your provider to know the limitations of your multi-trip policy.

The beauty of annual travel insurance is that you only need to buy one policy every year, and it’s cheaper per trip.

Which is right for you?

Both single trip and multi-trip policies should cover medical expenses, cancellations, personal money and baggage, which makes choosing one difficult. However, it all depends on your personal situation. If you’re sure you’ll only travel once for the next 12 months, you’re better off purchasing a single trip policy.

Alternatively, if you don’t know how many trips you’ll take in a year, take an annual policy. While it’s more expensive, it gives you peace of mind knowing you’re covered.

Feel free to use our resources here at Compare Insurance to find the right travel insurance policy for you.

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Travel Insurance

Tips for getting the right travel insurance for your child

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Travel insurance for kids is still a relatively new concept in many homes. Most people don’t understand what it entails, while others deem it as an unnecessary expense. However, like adults, children need the best family travel insurance to protect and cover them in case of an emergency or accident. To help you purchase the right cover for your child, here are five tips to consider.

1. Family cover

If your child is going away with relatives or family friends, you might want to consider getting a group travel insurance policy. It’s cheaper than an individual cover and guarantees everyone on the trip is insured as long as they’re listed in the policy.

2. Single-trip

Another great way to keep your travel insurance expenses low is by purchasing a single-trip policy. However, this only works if your child travels once every year. If they travel multiple times throughout the year, you’re better off getting a multi-trip policy.

You can purchase multi-trip travel insurance to cover your kid alone or get a family pack that covers both adults and children.

Always compare single trip and multi-trip costs to see which package is the best value for your money. Although rare, some insurers have hidden additional costs that might make your single-trip insurance a bit expensive.

3. Check your policy carefully

Check over your travel insurance policy details to know what’s covered and what’s not. You don’t want any surprises when filing a claim. Besides, many insurance policies contain exclusions and exceptions that are stated in the fine print but are still confusing.

Luckily, by reading and understanding your policy, you can identify such loopholes and determine whether they can be covered at an additional cost. If you’re unsure about anything, be sure to ask your potential insurer for clarification.

5. Documents

If your child is travelling alone, you want them to access vital travel documentation easily in case they’re needed during the trip. Fortunately, you can use a cloud storage service like Google Docs or Dropbox to upload scans of essential documents, including insurance and passports.

To compare child travel insurance quotes, visit Compare Insurance today.

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Travel Insurance

The different types of travel insurance, explained

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Shopping for overseas travel insurance can often seem like a minefield, with many people deciding they won’t purchase it – either because they don’t think it’s necessary, they’ve never had to use it before, or they think the process is too complicated. Nowadays, with insurance comparison sites and quick application processes, it’s easier and more affordable than ever. There are a few different types of travel insurance policies out there, so make sure you get the right one for you.

Single Trip Travel Insurance

If you’re heading to one destination for a set amount of time, then this is the type of cover you would get. Single trip travel insurance is the most basic of policies and can cover you for a variety of different events, up to a certain level of expense, depending on what you want to be covered.

Annual Multi-Trip Travel Insurance

If you travel on a regular basis, for business or leisure, then it makes the most sense to buy an annual multi-trip policy. It’s more cost-effective and less time consuming than having to buy single trip travel insurance every time you go away. It’ll cover multiple destinations over the course of the year and can either cover European, Worldwide or Worldwide, excluding the USA, Canada and the Caribbean.

Winter Sports Travel Insurance

If you’re going on a skiing holiday or heading somewhere where you’re going to take part in a winter sports activity, then you’ll need winter sports travel insurance. These types of activities are considered riskier than those included in other policies, as there are unique situations you could find yourself in, such as avalanche delays, piste closures or serious injury.

Backpacker Travel Insurance

A backpacker policy covers you if you’re heading away for a longer period of time and jumping around between destinations. It’ll often cover you for a wider range of activities too, such as skiing and white-water rafting.

Family Travel Insurance

A family travel insurance policy covers up to two adults and eight children of the same family, provided the children are under 18 years old. This is a more cost-effective and easier option than buying separate policies, and you can purchase a single or annual trip cover.

Cruise Travel Insurance

Just like winter sports coverage, cruise travel insurance covers you for unique situations you can find yourself in with a cruise holiday. You’ll often be visiting multiple countries for an extended period of time and can experience things such as missed port departures and itinerary changes.

Over 65’s Travel Insurance

Those over the age of 65 are usually more likely to need urgent medical attention while they’re away, so the over 65’s travel insurance policy often covers extra expenses – occasionally allowing a companion to be added to the policy.

Whatever type of visa travel insurance policy you purchase, be sure to declare any pre-existing medical conditions when applying. This will often increase the price of your policy. However, it is a small price to pay for peace of mind and an appropriate level of cover.

To find the best travel insurance for your trip, head to Compare Insurance today.

Photo: Free image by Pixabay