Annual travel insurance policies have been designed for protecting all those who travel frequently throughout the year. Statistics show that families are traveling frequently, and take supplementary vacations especially in times of yore. Premeditated journeys and spur-of-the-moment voyages often necessitate adequate coverage for every family member.
Annual multi-trip insurance offers travel insurance policy as a “multi-trip” plan. It provides apposite coverage for the families that travel on regular basis, as they will have to pay just one time fee. This is best for the frequent travelers as standard travel insurance policies only cover up to ninety days in most cases.
Multi-trip insurance may cost you more, but in most of the cases, you will make substantial savings, since it will cover you for the period of one year. You should read the terms and conditions and fine print to understand what all is covered by the frequent traveller insurance you are considering. Several policies do not cover any pet damage during the travel, nor do they cover any sort of dangerous sports activities.
Illnesses or accidents that take place while traveling overseas may not be covered under your current insurance policy. Therefore, if you have to visit doctor for something as simple as cold or food poisoning due to the unfamiliar cuisine, or some serious injury during your flight, it is necessary for you to have travel insurance to keep your treatment costs manageable. And this coverage doesn’t just apply to the illness or injury, but also helps with various travel problems such as travel assistance and lost luggage as well, making it even more valuable to the frequent travellers.
Various travel assistance features of annual travel insurance will practically pay for the cost of insurance policy by themselves. Some of these features include legal referral information and medical evacuation information (these services are necessary because when you need them in a foreign land, you will not know where to turn for the best care), prescription drugs, emergency cash transfers, eyeglass replacement, guaranteed hospital admission, and much more. With multi-trip insurance features, you won’t have to fend for yourself in case of any problem.
Your frequent traveller insurance also includes an excess waiver segment (money you agree to pay as co-payment from your own pocket against any of your claim). It is the amount that policyholder pays from his own pocket. It is quite similar to other type of insurance policies.
You can save as much as 30-40 percent by buying frequent traveller insurance online. This is so because purchasing policies offline has certain overhead fees, whereas all these charges are not there in case of online transactions. For this reason, many insurance providers offer extensive coverage at affordable rates and lower premiums.
What are these discounts for an Extended Group Travel Insurance? Well, these extended group policies are for groups/ families that ensure 10 or more people. Though you can expect good discounts on such Extended Group travel insurance policies, but it may vary from provider to provider. But mostly these policies are less expensive than single policy as families often travel in groups. Such travel insurance policies cover each family member and also provide good discounts.