What is annual multi-trip travel insurance?

Annual Multi-Trip Travel Insurance is a single policy that insures you for every trip you take during the year, making it the best cover for those who travel frequently

THATIn the last two years it has become more and more important to find the best annual travel insurance for those who regularly travel abroad for work, family or vacation.

The best multi-trip travel insurances cover standard problems – like lost, stolen or damaged baggage, cancellation or medical issues – plus extras that you can tailor to your needs, as well as the all-important Covid-19 protection.

But first let’s go back and answer a few important basic questions.

What is annual multi-trip travel insurance?

The annual multi-trip travel insurance is intended for those who go abroad more than once a year. Instead of purchasing a single trip policy each time, you can purchase a policy that covers multiple trips over a 12 month period.

As a rule, the insurers set a maximum travel duration for each trip – for example 31 days – and most of them allow you to take as many trips as you like per year, provided none of them exceed the specified limit.

How does the annual multi-trip travel insurance work?

From the date your annual multi-trip travel insurance comes into effect, all of your trips are covered for the next 12 months. And because you only pay one premium per year, the more you travel, the more you save.

The premium depends on the level of coverage, the destinations you plan to visit, and your age and health. You can pay more if you are over 65 or have a pre-existing medical condition.

When you take out your annual multi-trip travel insurance, all you have to do is select the region you want to travel to, for example Europe or Worldwide (including or excluding the USA), so that you don’t plan all of yours right away.

What does the annual multi-trip travel insurance cover?

Each policy has its own levels of coverage so it is important to shop around to find the best annual travel insurance for you. The areas covered include:

  • Medical expenses If you fall ill or have an accident while on vacation, you may be charged a large medical bill. Travel insurance can cover the cost of your treatment abroad as well as related costs such as additional accommodation and travel.
  • Luggage If your luggage is lost, stolen, or damaged while on vacation, you can file a claim and get compensation. You must report stolen items to the police. If your luggage is delayed en route to your destination, travel insurance can cover the cost of replacements that you purchase while waiting.
  • Cancellation Should you have to cancel or interrupt your vacation for unforeseen reasons, travel insurance can cover the costs. Your insurer can offer you compensation for your missed trip if you, your travel companion or a loved one is ill, injured or killed, or if you are discharged or asked to serve on the jury.
  • Covid-19 Insurance This ensures that you are covered for all emergency medical treatment on your travels, as well as for cancellations should you test positive for Covid-19 and have to cancel your travel plans. For this to be valid, you must ensure that you are not traveling against the guidelines of the Foreign, Commonwealth & Development Office (FCDO).

An additional cover you might want to consider is a gadget cover (for laptops, cameras, and other electronic items that you take on vacation).

If you want to go skiing, you need to add winter sports protection. You also need extreme sports protection for your diving trip to the Great Barrier Reef or the camel ride in Dubai.

Why can annual multiple travel insurance be cheaper than single travel insurance?

Annual multi-trip travel insurance as a one-off cost is not necessarily cheaper than single-trip insurance, but it can turn out to be cheaper. If you travel several times a year, 12-month travel insurance can be cheaper overall than taking out a single trip per vacation. However, if you only plan to travel once in the next 12 months, the best insurance is likely to be a single trip. There are a number of reasons for this, including loyalty rewards and lower management fees.

Not only do you save the annual cost of multi-trip travel insurance, but you also save time by only having to fill out all that paperwork once a year and not every trip. However, it is important to note that if your circumstances change during the year, for example you are diagnosed with a new illness, you must remember to notify your travel insurer to make sure you are covered for your next trip .

Insurance providers know that many people over 65 are eager to travel and therefore offer many attractive annual multi-travel policies for this age group as well. If you already have a pre-existing medical condition, you can pay an additional premium, but you are still entitled to annual multi-travel insurance.

The premium you pay also depends on the destinations you plan to visit.

How many people does the annual multi-trip travel insurance cover?

You can take out annual multi-trip travel insurance to cover just yourself or several people, e.g. B. Couples or families. With a family policy, you are covered when you travel as a group or when members of your group travel individually.

Travel more, save more

Perhaps the best thing about annual multi-trip vacation insurance is that you only pay one premium per year, regardless of the number of trips you make. As long as everyone does not exceed the agreed duration, you can have adventures all year round without paying a penny more. What better excuse to travel more often?

AllClear’s Telegraph Media Group’s travel insurance service offers annual, multi-trip travel insurance that covers more than 1,300 different medical conditions. AllClear branded policies also include Covid-19 coverage. Just get in touch with the helpful team at AllClear or click the link below to learn more and get your quote.

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Telegraph Media Group Limited is an introducer appointed agent of AllClear Insurance Services Limited, a company authorized and regulated by the Financial Conduct Authority.

The above article was written for Telegraph Financial Solutions, a trading name of the Telegraph Media Group. More information on Telegraph Financial Solutions can be found here.

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