Annual Travel Insurance Plans
A travel insurance plan that works for multiple trips over the course of a year is often more affordable than purchasing a single-trip policy each time you take a trip. These annual multi-trip plans can offer a great value when it comes to coverage, as they often provide higher limits on the key benefits such as emergency medical expenses and evacuation. But not all annual multi-trip travel insurance policies are created equal.
In order to make the best choice, you need to know what kind of coverage you are looking for in an annual travel insurance plans and also compare it to the options available on a single-trip basis. The following list is based on a comparison of plans offered by seven leading travel insurers with excellent online customer ratings and positive feedback from TPG Lounge members:
Depending on your trip durations, you’ll want to look for an annual plan that provides adequate limits in the areas that matter most to you. This will ensure that you have sufficient cover in case of unexpected circumstances such as the need to cancel your trip, being evacuated to a safer destination or having to delay your return home due to a natural disaster.
How to Compare Annual Travel Insurance Plans
Some of the more popular annual travel insurance plans come with comprehensive coverage, including trip cancellation, interruption and delay protection; a significant amount of emergency medical expense and evacuation coverage; rental car damage and theft coverage; baggage loss coverage and medical repatriation and repatriation cover. Some of the most competitive annual plans are provided by IMG, which has an affordable option called Patriot Multi-Trip International and a high-end option, Patriot Platinum.
If you are a business traveler, you may want to consider an annual business travel insurance policy to make sure that you’re covered on your international trips. These plans often include a significant amount of coverage for business-related events such as meetings, conferences or seminars and include cover for the loss or theft of business equipment.
Allianz has a range of different annual business travel insurance plans, with the Travel Guard Annual Business Travel plan offering coverage for trips that are up to 90 days. This plan includes a 24-hour multilingual assistance hotline and a mobile app that offers access to travel advisories, local medical facilities and emergency services. In addition, this plan covers reasonable costs for renting replacement business equipment in the event that it is lost or stolen on your trip. All of these plans are highly rated by TPG Lounge members and can be purchased through the links below.