Are you a frequent traveler, but not worried about trip cancellations, delay or trip interruption concerns? In this case, you may want to consider the benefits of an annual travel insurance plan. These plans, available on InsureMyTrip.com, are referred to as both “annual” as well as “multi-trip.”
Several types of plans that offer annual coverage are available. First, travel medical plans that cover you while you’re traveling internationally during the year are an option. Primary medical coverage is required to be in place to be eligible for the multi-trip medical plans, and it’s also important to note the maximum allowed length per trip, which varies per plan. Second, annual emergency evacuation memberships can cover you as long as you’re traveling more than a certain distance away from home (usually 50-150 miles, depending on the plan). Finally, some of the accidental death plans offer an optional multi-trip coverage.
When would I consider an annual plan?
Simple, If you have multiple trips scheduled over a period of a year.
But know, you must return home between the trips. A single trip to multiple destinations does not qualify a traveler for an annual plan. However, if you are returning home for a stint, then departing on another journey to various locations, you could consider an annual plan.
What type of coverage is included?
Most multi-trip annual plans focus primarily on travel medical and emergency evacuation coverage or emergency medical evacuation coverage only. This means that the standard coverages in comprehensive travel insurance plans are usually not included (trip cancellation, trip interruption, and travel delay). Some annual, multi-trip plans do include limited baggage loss coverage – but not all.
If you are looking for accidental death coverage, you can purchase an Accidental Death & Dismemberment plan on a multi-trip basis. This is an elected option on some accidental death plans and would be an additional cost to buy.
Why is an annual plan a good option for frequent travelers?
If you are traveling multiple times in the period of a year, you may be looking for travel protection to fit your specific needs. Those needs are most likely focused on emergency medical care while traveling abroad.
An annual plan is a perfect solution. When traveling overseas your primary medical plan may not cover you. An annual travel insurance plan can help to offset the costs of covered medical care needs.