Usually you purchase travel insurance only for the vacation package you are going to purchase at that time. When it comes to purchase an insurance for your home or auto, however, you purchase the insurance year-around. That’s because you need constant insurance cover. But if you’re a frequent traveler what is the best advice? Wouldn’t it be more costly to purchase a travel insurance policy every time you book a trip instead of purchasing year round cover just like your automobile or home? Of course, it would and for this reason almost any insurance company provides annual travel insurance policies.
It doesn’t matter if you are traveling for pleasure or business, you must have travel insurance in the event anything goes wrong. Frequent traveler shouldn’t purchase it every time they leave, it is wise to ask the current home or automobile insurance company if there are annual policies available.
Annual insurance plans are typically based on a maximum trip length one month and covers you for the whole year. It doesn’t matter how many times you travel during the year. The rate you have to pay is depending on individual situations and travel insurance cover taken. However, best of all is that if you can get your policy from your actual insurer, you are able to apply it to your actual account. It is even possible to have it debited at once from your account so that you are in a position to traveling with the peacefulness of knowing that you are permanently covert against losses caused by trip interruption and cancellation, medical expenses, baggage, trip and baggage delay.
First, you should get on the phone and call for your representative that manages your policy, if your actual car or home insurance company offers annual travel insurance plans. But have in mind, it is not advisable to go with the first bid you’ll get. Call around to as many insurers as you can do and ask for annual insurance quote.
While it would be really comfortable to have all of your policies with one insurance company and all on one account, you don’t like to spend more money than you have to. Whenever you find another company that provides annual insurance plans for a price cheaper than your actual insurer, you shouldn’t change just yet. Speak with your current insurance company. Chances are all of the time, they wouldn’t like to lose your business so they may lower their policy pricing to fit their competition that you are threatening to change to.
The point is to feel safe in case anything bad happens on business travels or on your vacation. Frequent traveler should opt for annual travel insurance so that they know they’ll be covered no matter what happens when traveling.