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[E317]European Annual Travel Insurance

by Steven Clarke, Ste

Travel insurance is a necessity if you plan to travel away from home. This is especially true if you plan to travel abroad. But not all travel insurance plans are created equally. There are different types of travel insurance and you need to be sure that you are making the purchase that best meets your needs.

One type of travel insurance is called annual travel insurance. It's not for everybody, but it can save you a lot of money if it meets your needs. Annual travel insurance is just like all other types of travel insurance except that it covers all of your travels for an entire year instead of only covering one trip. This type of insurance is perfect for people who travel several times throughout the year.

There are many benefits that come along with annual travel insurance. For starters, the premium for annual insurance is much lower than that of several single-trip insurance plans. There is also less hassle. You only have to purchase one plan instead of purchasing a plan each time you travel. All in all, annual travel insurance is a great deal if you do quite a bit of travelling.

There aren't many drawbacks associated with annual travel insurance, but there can be if you use it incorrectly. Insurance premiums are non-refundable, so you need to be sure that you will be travelling extensively throughout the year before you purchase an annual plan. Remember; annual insurance costs more than a single-trip plan. If you only plan to travel one or two times, it might be more economical to purchase single trip plans rather than take out an annual policy.

So, is annual travel insurance for you? Answer the following questions. If you answer yes to any of the questions, you should look into obtaining annual travel insurance.

• Do you take several, short family holidays throughout the year instead of one long holiday?

• Do you travel extensively with your job?

• Do you visit out-of-town friends and family often?

• Do you own a holiday home that you plan to spend a lot of time at?

• Do you have ageing or ill family members that might not be able to complete a short trip?

If you answered yes to any of the above questions, you should investigate annual travel insurance further. An annual policy may end up saving you money, but only if you spend a lot of time on the road. If you travel more than a handful of times each year, you should probably purchase annual insurance rather than trip insurance. However, if you only travel two to three times per year, you might want to compare prices before you make your final decision.

Travel insurance is a necessity, but you shouldn't have to pay a king's ransom to get it. Always purchase the best coverage you can get at the best possible price. Beware of cheap, skimpy policies. Always make sure that you know exactly what coverage you're getting for the price.

Are you planning to go abroad this summer? With the pound down against other currencies, you might be best off staying in England this year. But if you can't get enough of sunny Mediterranean beaches, or even further afield, and then it's probably time to start planning your break. Flights and hotels? check! But what about getting properly insured? An amazing two thirds of Brits travel abroad each year without an insurance policy, while 8% admit never taking out insurance on a foreign trip! Travelling uninsured presents a number of risks. It's not particularly likely that something will go wrong on your dream holiday ? but if in the case it does, how will you compensate it? If you don't know where to start when it comes to shopping for travel insurance, then answering the following three tips will give you some good pointers.

Check What Cover You Already Have

Before you wade into the travel insurance market and spend time finding the right package for you, make sure you check bank accounts and credit cards to see if they already offer you cover. Many credit card and bank account providers have benefits for ?premier? customers, and it's possible that you may already be one of these and therefore already have a policy. If you're not sure, then call your bank to find out what they can offer. Paying a monthly fee for having a premium account is unlikely to be worth it in the long run, but it's possible you could upgrade for free if you're a particularly good customer and the bank wants to give you incentive to stay on. If you can get one of these deals, then great, but also make sure your holiday destination is covered.

Check on Your Circumstances

While you can tailor your insurance package according to your needs ? such as getting ski cover and the like ? you will also need to consider special circumstances for your group. For instance, do you or any of your party have a history of serious illness? If the answer is yes, then the quote you're after can rocket upwards. Likewise, the same can happen for pregnant women and those over sixty five. However, it may still be possible to find a specialist insurer that will give you a quote which is less than traditional insurers. If worst comes to worst and you can't find a reasonable quote and you're only travelling within the EU, then get an EHIC card and find insurance for baggage loss and flight cancellation. Be warned though, an EHIC card will not always cover all medical expenses.

Don't Over Cover

When searching for a policy, it's important to understand what kind of cover you need. If you just take the first policy you find, you're likely to either be substantially over insuring yourself, or perhaps even under insuring. Be particularly wary of premium insurance deals offering extremely high amounts of cover when you don't really need it. For instance, do you really need ?50 million worth of medical insurance cover? The answer is almost certainly not. In fact, it's probably best to go for something more towards the ?2 million mark for maximum medical expenses cover, while you should go towards ?1 million for personal liability. Flight cancellation is also worth considering too ? no one wants to be in the nightmare scenario of not being able to go on holiday for whatever reason, but then having to stump up for it anyway.

Article Source : Holiday Insurance For Over

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Both Steven Clarke & Derek Lakes are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Steven Clarke has sinced written about articles on various topics from Travel and Leisure, Mortgage and Finances. Steven Clarke - Marketing Manager for www.mytravelinsurance.org.uk. We offer a service which compares all the UK's travel insurance deals to fin. Steven Clarke's top article generates over 22200 views. to your Favourites.

Derek Lakes has sinced written about articles on various topics from Family Travel, Travel Insurance and Home Management. For great deals on including. Derek Lakes's top article generates over 1900 views. to your Favourites.