Cheap Annual Travel Insurance

Annual travel insurance is specifically designed for those individuals who plan on spending a lot of time travelling out of the country. It is basically a convenient way to get one travel policy that covers a full year of travel. You’ll have the same coverage for all your trips all year.
 
Plans do vary so to find a cheap annual travel insurance policy that meets all your needs. Plan on spending a little time doing some research. The time will be well spent. The coverage for these plans includes almost everything a regular package policy would include but there are some differences.
 
Most plans have a longer trip length requirement and they are cheaper than most single trip packages because trip cancellation and interruption coverage is either not included or very limited. The reason for this is that trip cancellation and interruption insurance is based on the total non-refundable travel costs. With an annual policy these costs or even the total number of trips that will be taken over the year is usually not known. You can usually add this coverage at a flat fee per trip.
 
This type of coverage is cost effective for frequent business travelers who are out of the country a great deal. Also this policy is ideal for individuals who make many trips a year to visit family living outside the country. It is a lot easier to have one policy that will last all year rather than trying to get one each time you need to make a trip. You can find these plans for around $200 a year.
 
These policies have basically the same medical coverages and exclusions that you would find in the common package plans for single trips.  There is coverage for emergency medical and dental care. This is the most important for frequent travelers. Once you have purchased an annual travel insurance policy, you know what is covered for all your trips. These typically include hospital visits, doctor and dentist costs, surgery, prescription drugs and more. Make sure you read, understand and compare all the covered benefits before purchasing. Plans do vary in terms of limits and exclusions so do your homework to find cheap annual travel insurance that has good value.
 
If you’re making many trips during the year, car rental insurance may be a consideration for you. Many annual travel insurance policies don’t cover car rental insurance (although some might include collision coverage or include it for an additional cost). Check your current auto policies to see what coverage you might already have for rental cars. Make sure your personal policy limits would cover the type of car you will be renting. If your old car is worth $5,000 and you rent a new $40.000 car you won’t have enough coverage if the rental car is stolen.
 
Check any available coverage available with your credit cards. If you rental a car with a credit card many times the insurance coverage is very similar to what you would get with a travel insurance policy. Don’t over spend and get both. But remember it is unlikely that the other travel insurance benefits with your credit card would match what you would get through a separate travel insurance policy.
 
The last to remember is that like other travel insurance policies the annual travel insurance policy will not cover pre-existing medical conditions. However, many of the better policies provide for a waiver of the pre-existing condition exclusion if certain requirements are met.
 
So remember, the definition of cheap annual travel insurance can really only be determined by you and what coverage you feel you need. Think about your needs and then spend a little time comparing policies. It will save you time and aggravation in the future should you need to utilize any of the covered benefits.