Travel insurance is an important part of any foreign visit. It covers travellers medical bills, theft and other additional expenses should these events occur.
Travel insurance is broken up into two different types of policies, single-trip policies and multi-trip policies. The most often used policy is single-trip. These are common among travellers who seldom travel more than once or twice a year. They are best suited for those who know exactly how many visits they will be making over the course of a 12-month period.
Multi-trip policies are often used for business visits, they offer cover for every trip made over the course of a year. They are excellent for travellers who have to make unexpected international visits regularly, and are more cost-effective than single trip policies over long periods of time.
On average, a single-trip policy can cost less than £4.11. Annual cover starts at around £25, however this extra cost is quickly recouped if several international visits are made during its duration.