Understanding Travel Insurance Policies

Travel insurance is broken up into two different categories, these are the policy types. The first is a single trip policy. This only covers one trip per policy taken out. The second type of policy is the annual multi trip policy. This covers a traveller for every trip made over the course of a year.

A single-trip policy is best for people who know they will only be taking one holiday over a 12-month period. So its recommended for most travellers who are taking just one overseas trip a year. Where as annual cover is suited for heavy travellers who know they will be making multiple journeys over the course of the year.

A competitive, single-trip policy costs a lot less at £4.11, when compared with annual cover, which starts at around £25. However, if you know you will be making more than one trip abroad then annual insurance might be cheaper than buying several single trip policies, especially if you are going long-haul.