Annual travel insurance gives a traveler the same global coverage for a full year from the start date. Essentially, it’s a travel insurance plan that goes with you whenever and wherever you travel – all year long – and you only have to buy it once a year.
Some annual travel insurance plans are renewable, so if it works for you one year, you can renew the plan and keep the same coverage.
Annual travel insurance is convenient for frequent travelers, academics, retirees, and entrepreneurs who are not worried about trip cancellations but do want to control unexpected travel costs due to:
Annual travel insurance includes the travel insurance provider’s 24/7 emergency travel assistance services for help with medical emergencies, pre-trip planning, and other incidents that occur during your trips.
Most annual travel insurance plans have a per-trip length limit – usually 70-90 days. The key difference between annual travel insurance and other travel insurance plans is that there is little to no trip cancellation coverage, which also works to keep the cost of annual travel insurance low.
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.