Traveling for a long vacation or a holiday away can be the time of your life, but it might become a frightening experience instead. Sometimes things don?t go the way you plan, and you can end up in the middle of a strange place with no clue where to get help. This is why travel insurance is a great idea. It can help you manage the unexpected troubles you get into, and even more importantly help with the costs associated with illness, injury, lost bags, accidents or sudden changes in plans.
If you travel several times a year, you will want to consider a travel insurance policy that covers you for a year so that you will be protected on every trip you take during that period. If you only plan one trip, you can purchase single trip travel insurance that will cover you only on that trip. Each type of travel insurance has benefits and drawbacks that need to be considered. The pros and cons of annual versus single trip insurance are enumerated below.
Annual Travel Insurance: Yes or No? For an annual travel policy you will be charged one premium per year that covers you for the entire year. For a person who travels frequently in the course of one year, this is generally the cheaper way to go and will save you quite a bit over the cost of multiple single-trip policies. However this cost will be a lot higher than what you would pay for only one or two single policies, so choose carefully. Be certain you know just how often you will be traveling, how many trips a year you will take before committing to this type of policy.
Those people who travel a lot will be benefited by annual insurance policy. Others who are benefited are business professionals, those whose family are living abroad or families with holiday homes. Students who need to travel to and fro will also be benefited by this policy.
Single Trip Travel Insurance: Yes or No? The purchase of a single trip travel policy is going to be your best bet if you only require this type of coverage once or twice a year. Any trip you make, whether planned far ahead or an impromptu getaway, can be covered for an inexpensive premium. You can budget a cost of between four and seven percent of the prepaid cost of any trip for this coverage.
If you have to make a lot of trips and each time you purchase single travel insurance, you will end up paying a lot of money. The expenses covered under both annual and single travel insurance policies are the same. The only difference is the cost. You must choose the policy, which is cost effective and beneficial to you. Approach any travel agent who will clarify your doubt, if you have any, and they can help you to compare prices and coverage options. One important thing to keep in mind is that, you should not travel with out any travel insurance policy. One needs to prepare oneself for unforeseen circumstances. - 29971
If you travel several times a year, you will want to consider a travel insurance policy that covers you for a year so that you will be protected on every trip you take during that period. If you only plan one trip, you can purchase single trip travel insurance that will cover you only on that trip. Each type of travel insurance has benefits and drawbacks that need to be considered. The pros and cons of annual versus single trip insurance are enumerated below.
Annual Travel Insurance: Yes or No? For an annual travel policy you will be charged one premium per year that covers you for the entire year. For a person who travels frequently in the course of one year, this is generally the cheaper way to go and will save you quite a bit over the cost of multiple single-trip policies. However this cost will be a lot higher than what you would pay for only one or two single policies, so choose carefully. Be certain you know just how often you will be traveling, how many trips a year you will take before committing to this type of policy.
Those people who travel a lot will be benefited by annual insurance policy. Others who are benefited are business professionals, those whose family are living abroad or families with holiday homes. Students who need to travel to and fro will also be benefited by this policy.
Single Trip Travel Insurance: Yes or No? The purchase of a single trip travel policy is going to be your best bet if you only require this type of coverage once or twice a year. Any trip you make, whether planned far ahead or an impromptu getaway, can be covered for an inexpensive premium. You can budget a cost of between four and seven percent of the prepaid cost of any trip for this coverage.
If you have to make a lot of trips and each time you purchase single travel insurance, you will end up paying a lot of money. The expenses covered under both annual and single travel insurance policies are the same. The only difference is the cost. You must choose the policy, which is cost effective and beneficial to you. Approach any travel agent who will clarify your doubt, if you have any, and they can help you to compare prices and coverage options. One important thing to keep in mind is that, you should not travel with out any travel insurance policy. One needs to prepare oneself for unforeseen circumstances. - 29971
About the Author:
Susan Reynolds is a content coordinator for a leading South African Insurance Provider that specialises in Travel Insurance Policies.
