When choosing your travel insurance, it’s crucial to know which policy is best for your situation. Most policies are divided into single and multi trip cover, with extra options available for specialist insurance cases; most people will opt for a comprehensive package, and will have to add in specific cover depending on how their trips are being planned, and whether they have to make modifications during a journey. How can different types of insurance work, then, for your situation?
Single Trip Cover
This kind of policy will cover a single trip, and can be tailored to whatever kind of travelling you will do; in most cases, it’s best to take out cover for health and medical emergencies, as well as for theft and loss of possessions. Single trip insurance can also be used to cover lost baggage, flight cancellations or serious delays, and any liability problems caused by accidents when travelling.
Most single trip cover policies will include specific provisions for students and senior citizens, with those over 75 usually having to pay extra for particular policies. How much cover you take out for a single trip can depend on whether you’re sufficiently worried enough about natural disasters, terrorism, and any significant loss of property to take out a full policy. While it’s usually a good idea to take a comprehensive policy if it’s not that much cheaper (you never know what could happen), common sense and a good knowledge of where you’re going will make it easier to avoid spending too much.
Multi Trip Cover
Getting insurance that covers a whole year, or multiple trips, is recommended for anyone that travels a lot during the year. Premiums can be lower if you work out an average per year, rather than paying for new insurance for individual journeys; doing so also saves you time, and can be made even simpler if you’re only planning to travel within Europe, or to the same destination for work. Extended multi trip insurance can also be taken out if you’re backpacking for more than a year, or if you’re working abroad and travelling for an extensive amount of time – exclusions may be made if you’re working in a dangerous industry.
Extra insurance policies can be taken out for specific needs, whether for car rental, or to cover particular activities like scuba diving or skiing; in most cases, adventure sports will require an additional policy, with premiums tending to be higher as a result of the risk being taken out. Very specific insurance may also be taken out for incidents such as corporate kidnap, or if you’re afraid of an act of terrorism taking place during your journey.
You may also want to explore insurance policies that cover entire families, as well as couples, which can make it easier to save money, while providing a simpler alternative to working through multiple policies. Moreover, during a trip you may want to top up your travel insurance to include additional policies; this can be a good idea if you’re on a multi trip or annual travel insurance plan, but need to adjust to new circumstances.
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Writing for various online financial publications Christina knows the ins and outs of insurance. If you’re seeking travel insurance Christina would highly recommend directasia travel insurance.