Annual Travel insurance plans with great coverage

Also called multi-trip travel insurance, annual travel insurance plans offer incredible benefits to appeal to most frequent travelers’ budgets and needs. This type of insurance protects you on each trip you make throughout the year. It offers the same type of coverage you get with typical travel insurance, including medical emergency care, coverage for lost or damaged luggage, trip interruption or cancellation, and other benefits. 

Are all annual travel insurance plans created equal?

It’s no secret that all annual travel insurance coverage has similar features, but they differ in one area or another. Therefore, you should do your due diligence by shopping around and asking your potential insurer questions to learn what sets them apart and their terms and conditions. It’s best that you choose a plan that’s customized to your unique needs and falls well within your budget. Typically, some insurance companies provide additional benefits that you need to take advantage of. For instance, the MoneySmart travel insurance Annual Plan covers certain medical costs within certain regions, like ambulance bills. Of course, you can also benefit from certain discounts and offers if you’re traveling at certain times of the year.

Besides, it’s important to know that some annual travel plans only cover emergency medical treatment, but not trip cancellations, delays, or trip interruption. The covered emergency medical expenses can include:

·     Ambulance fees

·     Medical Treatment

·     Laboratory Tests

·     Paramedical services

·     Repatriation

·     Prescribed medication

·     Emergency dental treatment

·     Return of deceased

·     Vehicle return

·     Accidental death

Again, check your annual travel plan carefully so you can purchase interruption insurance and trip cancellation separately if you need them.

Another great benefit of the Annual insurance Plan is that the length of trips is unlimited in certain countries. Even with four-day insurance, you’ll spend up to a month in specified countries without having to extend your plan. Some annual travel plans limit the length of time you’re allowed to travel for each trip. The limit often differs depending on your insurer. When you hit your limit, you’ll be required to return home before you can travel again.

Who Needs Annual Travel insurance?

The annual travel insurant is meant for people who love to travel a couple of times a year. It can be cost- an effective option and helpful in situations such as:

Business people: Those who travel a lot for work-related reasons can significantly benefit from annual travel insurance. Many things can go wrong while away, and this policy can help mitigate the losses.

Travelers who adore convenience: If you travel a lot, buying travel insurance every time you travel can create confusion and hassles that are uncalled for. Buying one annual travel insurance can ease the process and streamline your travel coverage needs.

People with young children or a big family: When traveling with your family or in a large group, the chances of things going wrong are always higher. Your annual travel insurance can offer protection to all members of your household during the trip, both separately and together. 

What are the benefits of annual travel insurance? 

Love to travel? You can take as many trips as you want with annual travel insurance throughout the year. There is no limit to the number of times you want to leave when purchasing your coverage.

Taking annual assurance is cost-effective compared to taking multiple policies each time you travel. Do you know that taking two separate policies can cost as much as the annual travel policy? That means that by the time you’ll be taking your third trip, it’ll be 100% saving.

Annual travel coverage is also incredibly practical. You’re protecting your trip by a single policy, which means fewer hassles and paperwork. This saves time and the tedious process of engaging your insurer for every trip you intend to make. Plus, if you make sudden or emergency travel at any time, you know you are covered.

The last but not least benefit of annual travel insurance is that it is flexible. It can be customized to suit your needs for instance if you’ve to extend the length of your policy for one of your trips.