A lot of people mistakenly think that they should only buy travel insurance to cover themselves for big or expensive trips. Obviously you’d want to cover yourself for those trips but you also want to cover yourself for short trips too. For instance a weekend trip to Canada or Mexico. For a frequent traveler like myself, there is no better option than an annual travel insurance plan. Is it right for you? Here are 5 reasons to buy an annual travel insurance plan.
1. You travel internationally several times a year.
Annual travel insurance plans were made for people who are planning three or more trips in a year, whether for leisure or business. One insurance plan covers them all. This way you always know you’re covered and don’t have to go back each time and buy a new policy.
2. You tend to forget things when you travel.
Are you like me-very forgetful when you travel? I always leave things at home or at my destination. So buy an annual travel insurance plan now so you won’t forget to get insurance before your next trip. Plus, your travel insurance company may be able to help if you lose something crucial while traveling. That’s a nice cushion to have.
3. You want to save money on travel insurance.
An annual travel insurance plan can save you a significant amount of money compared to buying travel insurance for each trip you take. This is simple math and again if you travel enough it is so worth it!
4. You’re planning a remote trip.
Travel insurance is a must if you’re traveling to remote destinations. An annual travel insurance plan with emergency medical coverage is a smart bet, and it’ll cover you wherever else you may go in a 12-month span. The emergency medical coverage is huge along with potential evacuation coverage which can cost more than a house if you’re not covered!
5. You travel with expensive gear.
If you travel with business equipment a laptop stowed in your bag, or if you bring your expensive DSLR camera everywhere you go, annual travel insurance is a must. A good travel insurance plan will cover the contents of your baggage if it’s lost or stolen. Just make sure you read the fine print first: most annual travel insurance plans have an upper limit on coverage for jewelry, cameras, computers and other specific items.
Disclaimer: I work as an ambassador for Allianz Travel Insurance (AGA Service Company) and receive financial compensation.