A simples guide

Annual vs single trip travel insurance

Finding the right travel insurance can be tricky – making sure you have cover for something that may go wrong is the last thing on your mind when you’re planning to do lots of fun stuff on holiday. But don’t get caught short – having fun also means having peace of mind, so if you want to find the best policy for you, read our travel insurance guide.

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What types of travel insurance are there?

There are various different types of travel insurance so there’s bound to be one that suits you. First of all, you’ll need to figure out whether you should go for a single trip or annual policy.

suitcases at airport

Annual policy

If you’re lucky enough to go on two or more holidays a year, then an annual policy could be better value in the long run. It also means you can be spontaneous and pack your bags on a whim – because you’re covered for 12 months, you don’t need to worry about scrabbling around for cover every time you book a holiday.

With an annual policy (or multi-trip policy as it’s sometimes known) you’ll be covered for as many trips as you can handle in 12 months (sounds like a challenge) but you’ll usually be limited to around 31 days per trip. Some insurers may have a limit of up to 60 days but this is down to the individual provider, so if you like going on long jollies then this is something to check.

When it comes to choosing your annual cover, make sure you factor in all the possible holidays you might take – whether you’ll be sticking to Europe or travelling further afield, in which case, worldwide cover might be more suitable than European cover. Just check that the countries you’re planning on travelling to are all covered.

beach

Single trip policy

This is exactly what it sounds like – travel insurance for one trip. A single trip policy will be cheaper than an annual one but it can add up if you go on a few holidays each year and take out a single policy each time.

It’s worth totting up the numbers because where you’re going could determine the cost of your insurance. For example, if you’re going on one winter sports holiday and then settling for a staycation for the other then you might find two single policies actually work out cheaper. It’s all about comparing the market to see what’s on offer.

Travel insurance to suit you

Whether you’re flying solo, part of a couple or a family – there’ll be a policy to suit you. Family policies come in different guises and you can choose cover whether you’re a single parent family, a couple and child or couple with a brood.

One thing to watch out for with family policies – some insurers say that any dependents have to live with the policy holder, so if you’re separated or divorced and you’re taking the kids away, but they don’t normally live with you – your policy might not cover them.

If you’re one half of a couple and one of you has a pre-existing medical condition, then it might be worth double checking the cost of getting two individual policies rather than a joint one. In some cases, having a medical condition can increase your premium (but don’t be tempted to keep schtum, as could invalidate your policy or not have your claim paid), in which case a policy each could keep overall costs down.

Why do I need travel insurance?

You wouldn’t sail in a dinghy without a life jacket would you? Travel insurance is a bit like that life jacket, just in case:

  • Medical expenses – travel insurance usually includes money towards the cost of any medical treatment you need while away, which can add up especially if you end up in a private hospital. You should also look for emergency repatriation cover (getting you back home).
  • Cancellation and curtailment – if you need to cancel or cut short your holiday for an insured reason then your provider will reimburse you.
  • Missed departures and delays – if you’re delayed because of strikes or bad weather, or if you’ve missed your flight because of a car breakdown then you could get some money back.
  • Luggage – don’t underestimate the value of your belongings, especially when you include your smartphone, tablet, camera or any other gadget you can’t live without. Decent travel insurance should cover the cost of all of these things in the event of loss, damage or theft.

 

Start comparing

All you need to do is tell us what you need, where and how many are going and we’ll do the rest. Choice and value at the tip of your fingers – what’s not to like? So start comparing today.