Single, Multi and Annual Travel Insurance: What’s the Difference?

*This Post is brought to You by Thomas Cook*

When you’re looking into travel insurance to help protect you during your trip away, it can sometimes be a little overwhelming looking at the sheer volume of different policies on offer. Whether you’re traveling on business, heading for a cruise around the Caribbean or planning on playing by the pool in the Costas with your family for a week, there’s a travel insurance policy available to suit your needs.

Whatever policy you decide on, you can be sure that your health, finances and belongings are covered, should the worst happen. Whether you’re in need of urgent medical care, the airline has mislaid your suitcases or your trip has been cancelled, a valid travel insurance policy will have you back. But which do you choose?

When comparing various policies, you will have undoubtedly come across the terms ‘single’, ‘annual’ and ‘multi-trip travel insurance’. To choose the right level of cover for you, knowing the difference between these types of policy will help to give you the benefit of being able to make an informed choice.

Single trip travel insurance does exactly what is says on the tin – it covers you for a single trip during any 12 month period, so is an ideal, affordable choice if you’re only heading abroad once this year. Due to these constraints, single trip policies tend to be substantially cheaper than other options.

When you search for multi trip insurance quotes, you’ll often see the term ‘annual’ within the same spiel, perfect if you already have booked, or plan to book, more than one escape within 12 months. This type of cover protects you on unlimited trips, as long as each holiday is less than 45 days in duration.

Think carefully about the type of cover you will need; whether it’s single or multi-trip travel insurance you plump for, make sure you compare quotes online to find the most reasonably priced option. The most important thing is that you reach your luxury travel destination safely and make it back in one piece!