When searching for travel insurance, you will probably come across all sorts of different policies. There are basic, low-cost policies to suit no-frills holidays on the beach, which offer a standard level of cover at a highly affordable price. Then there are more detailed policies which provide protection for other activities – like watersports or safaris – and might also include useful features like cancellation cover and compensation for lost luggage.
And if you really want to up the ante, you’ll find plenty of policies that offer a high level of cover with virtually every scenario you could ever think of. Many policies provide optional extras too, like winter sports or off-piste cover, which means you really can tailor the policy to suit your needs – and your budget.
On your insurance-hunting travels, you will probably come across two main classes of cover – single trip insurance, and annual travel insurance – also known as multi-trip cover.
The two probably speak for themselves. If you’re a frequent traveller, it’s well worth arranging annual travel insurance as this usually works out much cheaper – and of course a lot less hassle – than booking insurance each time you go away whether it be to climb Mt. Everest or visit grandma. Most insurance providers offer this and you can often find some good value policies that allow you to pay in a lump sum with policies lasting for typically 12 months, or you can pay off the cost on a monthly basis.
The alternative is of course single trip cover, which is ideal for people who rarely go abroad. and take the week or two week vacation to say Mexico or Spain. A single trip policy covers you for one specified trip, and can be dated to cover you from your departure to your return date. Most policies are flexible to allow various durations, which might be a few days or several months.
It’s well worth using a comparison website to look for insurance providers and to weigh up the offering of each to help you determine which offers the best value, and which provides the policy that best suits your needs.