Single Trip Travel Insurance Vs Annual Travel Insurance

       When the team at Insignia thought about launching a travel insurance product, a number of things went into the planning of what we wanted the product to look like, what we felt would be right – not only taking into account our experience in the HM Armed Forces and sports markets but also our experience as travellers.

A number of questions we asked ourselves helped make our mind up.

You don’t buy a new suitcase or travel bag for every overseas trip you make, so why buy separate travel insurance each time?
What do you think about when planning your holiday?

I bet travel insurance is not the the first thing you think about? It’s not really as exciting as thinking about the trip and a much needed break from work etc……….. Or maybe it’s just because it’s a bit of a hassle to sort.

You might not think you are going to go away more than once each year, you might have one holiday booked, but what about those weekend breaks, sports trips, football/rugby internationals, stag and hen escapades, golf weekends and business trips.

It’s then that booking single trip travel insurance before you leave each time becomes a massive inconvenience.

Whether it’s a week, 2 days, the night before departure or even in the airport, we all know someone who has either been too lazy or forgotten to protect themselves whilst away and for the people that ignore it or take the gamble to go without, it could be the most costly mistake they ever make – whether it’s your flight being cancelled, your possessions being stolen or even more importantly if you need emergency medical care or treatment.

Another old favourite is…. “I have it with my bank account” – hands up who has read the policy benefits and wording of the bank related travel insurance? Just because it’s free doesn’t means its right for you!

Like every insurance product out there, we believe customer should research before they make their choice. So rather than give our customers the hassle of taking out travel insurance potentially two, three, four, five or more times a year, building up cost on every purchase, and wasting precious time that could be spent packing or preparing for your trip… we decided to ditch the single trip insurance option and forge ahead with our Annual Multi Trip cover.

Isn’t it better to do it once rather than each time you go – So you do it once, and you get covered for a whole year, as many trips as you need, make one payment, peace of mind, no hassle of having to remember to do it and you even get reminded when it’s time to do it all again next year.

We know a big issue for customers purchasing Annual Multi-Trip, is making a payment where sometimes it feels you get nothing in return, so we aim to NOT make a huge dent in your pocket by giving you three choices with similar levels of cover, where the major difference is the size of the policy excess – the amount deducted from any subsequent claim payment.

So here are a few easy and definitely not “rocket science” tips that will help you make your mind up when deciding on the way forward the next time you need cover on your Travels…

Rod Breeze