Annual Travel Insurance

Annual travel insurance typically provides cover for unlimited trips up to a maximum number of days each over the space of a year. In effect it is multi-trip travel insurance, and offers significant savings when compared to buying three or four single-trip policies a year. Whether you are a business or leisure traveler, annual travel insurance tends to be the most cost-effective way of getting travel insurance cover when you travel or go on holiday frequently.

In terms of convenience and security, an annual policy only needs to be renewed once a year for cover to continue. The alternative would be going through the process of comparing quotes and selecting cover three or four times a year. With all the preparations in the lead up to a holiday or trip, it is easy to forget to organize travel insurance. For some trips - a weekend away for instance - travelers often think that it's not worth buying cover. With an annual travel insurance policy, these trips would be covered.

As always you should read the policy wording in full before purchasing any insurance policy. Make sure that you are aware of any general exclusions as well as any excess that will be payable in the event that you do need to make a claim. Benefits will differ between insurers, so don't settle for a policy that will not cover your needs or that provides cover well in excess of your needs. Shop around and you should be able to find an annual travel insurance policy that is tailored to the business or leisure traveling you will be doing. By purchasing travel insurance online it is also possible to get significant policy premium discounts as you won't be paying large commissions to a travel agent.