Frequent travelers should consider looking into travel insurance that is designed to cover multiple trips on a single policy, rather than insuring each trip separately. More often than not, there is a financial benefit to buying a multi-trip insurance policy, and that cost savings can be significant for those who take many trips within the course of a year.
A multi-trip insurance plan is different from a policy that covers multiple destinations. Multi-trip means that you are intending to depart from your primary residence for a trip, then return at some point to your primary residence, where you’ll stay for some length of time before departing again, and repeat that cycle a certain number of times within a year’s time frame. A single trip, with multiple destinations (i.e., from home to Paris, then London, then Madrid, then back home at the conclusion of your tour) can be covered by a regular travel insurance comprehensive plan. Multiple trips within the same year, however, should generally be insured under a specialized multi-trip insurance plan.
There are multi-trip plans available for purchase on an annual basis that cover a wide range of options. You can purchase a Multi-Trip Travel Medical plan, which provides benefits for emergency medical care and evacuation to an appropriate treatment facility on each of your trips; or a Multi-Trip Evacuation Only plan, which will allow you to receive coverage for emergency medical evacuation. Comprehensive policies, unfortunately, are not available as multi-trip plans.
As with any travel insurance policy, there will be limitations, exclusions, and variations between plans and providers of multi-trip insurance. It’s important to thoroughly research your options and be sure that the multi-trip plan you are considering purchasing is the right one for your specific needs.