Is Annual Travel Insurance Right for You

2. Both travel and travel-related services have come a long way in the last decade. Actual travel costs, which used to be very prohibitive, have become considerably lower, which means that more people can afford to travel to their dream destinations. In addition, travel facilities and travel-related services have also considerably improved.

3. Documentation processes have become more efficient - including passport and visa requirements and processing, reservations and ticketing. Travel-related business such as those dealing with accommodation, dining, tours, and the like, have become more integrated and full-service. Even the travel industry, which once was limited to offering single-trip accident and life cover, has developed into a full-service industry that offers various policies to cover practically every risk a traveller might face during a trip - whether overseas or domestic. Today, a good policy covers death, personal accident, medical expenses, emergency repatriation, loss or delay of checked baggage, loss of passport, and other third-party liabilities. Types of cover now include single-trip or multi-trip, and single, group, or family policies, among others. But perhaps the most comprehensive is annual travel insurance.

4. For many people, a yearly policy is the best option when it comes to being properly covered. It provides comprehensive, personalised coverage for various risks involved with travel for business or leisure, and, as the name suggests, it covers you for the entire year, no matter how many journeys you take. Here are some questions to ask yourself if you are considering a yearly policy.

5. Do you travel more than once a year? If you only take one year, a single-trip policy, which covers only one trip, may be adequately suited for your needs. However, you would be missing out on lots of great experiences by limiting yourself to one trip per year! Never before has travel been so accessible. Facilities and equipment are cutting-edge, travel-related costs are at an all-time low, and many travel companies and destinations have conglomerated to create travel adventures that in past years would have been near impossible or cost a fortune. This is the perfect time to travel, and with annual travel insurance you can take as many trips as you wish and be covered for an entire year.

6. Do you have the time (or patience) to run the same errand over and over? Modern life, while wonderful in many ways, also places a lot of demands on a person's time and energy. Travelling is a great stress-reliever, especially when you don't have to deal with the sometimes-tedious travel-related tasks, such as those involving paperwork and documentation. Fortunately, your travel cover does not have to be one of these tasks. With annual travel insurance, one policy covers you over multiple trips for an entire year. One trip to your agent or online transaction is all you need.

7. Do you want to save money? There is no question: a good policy saves you money by protecting you from various travel-related risks and potential losses, such as missed flights and reservations, lost baggage, emergency repatriation, and countless other scenarios. With a yearly policy you'll also get the added savings of paying a discounted, flat, one-time rate rather than paying multiple times for multiple trips over the course of the year.

8. Sources: http://www.globelink.co.uk/policy-options/annual-travel-insurance.html http://ezinearticles.com/?Is-Annual-Travel-Insurance-Right-for-You?&id=7946451