Travelling is an exciting and insightful part of life, which most of us partake in sometimes numerous times a year. Others choose to adventure only once; it all depends on our circumstances. Although travelling can be fun, it can be an unpleasant experience if not properly prepared and planned for. An unfamiliar environment can lead to unfortunate circumstances, such as illness, the loss of personal documents, medical emergencies, etc. 

This is where travel insurance can provide peace of mind and benefit you during single or multiple trips overseas. Travel insurance helps evade the consequences of not having cover for yourself and your belongings while travelling abroad.

We discuss when to choose single-trip or annual multi-trip travel insurance.

Single-trip travel insurance is designed to provide financial protection against various emergencies or misfortunes during a single round-trip abroad. Reputable insurance providers like Allianz Travel offer excellent travel insurance for trips of 90 days or less.  Signing up is simple, and you’ll need to stipulate your trip's start date and end date.

Single-trip travel insurance covers you even if you go to multiple destinations in one trip, so if you go to Europe, you will be covered, no matter the destinations you choose to explore within Europe. This is because the plan covers you from the moment you board your flight and will continue until you return at the end of your trip. It is however important to list the countries or geozones you are going to visit when you buy your travel insurance. 

Depending on the single-trip travel insurance option you choose, you can enjoy cover for a host of inconveniences, emergencies, and other things you may face during your travels, which may include:

  • Trip Cancellation
  • Emergency Medical Expenses
  • Dental Cover
  • Hospital Cash
  • Loss of travel document
  • Delayed personal possessions
  • Loss of personal possessions
  • Loss of sight or limbs
  • Missed departure
  • Mugging
  • Credit card fraud

This travel insurance is ideal for people who frequently travel throughout the year, whether for business, leisure or both. Annual multi-triptravel insurance from Allianz Travel covers you for trips throughout the year if you are a frequent traveller. This means that, no matter how many times you travel within a year with annual multi-trip travel insurance, you wouldn’t have to purchase multiple insurance packages for every time you plan a trip in one year.

Plans from Allianz do not cover you for individual trips you take that are more than 90 days in a row. It only covers you if your stay abroad lasts for 90 days or less. The Annual Multi-Trip Insurance also comes as a Schengen Annual Travel Insurance option for those travelling to Schengen countries.

Multi-trip travel insurance from Allianz covers you for inconveniences, emergencies, and other things you may face during your travels. The benefits are the same as for single-trip travel insurance. The only difference is that the annual multi-trip insurance covers you for more than one trip. 

To simplify your choice when purchasing travel insurance, consider all factors that influence why you need it in the first place. Consider things like your chosen destination, the duration of your trip, the reason for your trip, medical expenses, cost of living, trip cancellations, insurance plan limitations, and even the crime rate of your end destination. 

Choosing between annual trip travel insurance and single trip travel insurance will depend on how frequently you plan to travel. One is perfect for frequent travellers, while the other works for occasional travellers who travel once a year; choose one based on which category you fall into and ensure it’s the best option for all your needs.

Allianz Travel is a comprehensive travel insurance and assistance company providing end-to-end insurance solutions to travellers who enjoy globe-trotting. Allianz Travel has experience spanning over 30 years, offering outstanding services and products to tourists from around the globe. Allianz Travel global headquarters are located in Paris, with regional offices in more than 28 countries worldwide. If you need travel insurance , look no further than Allianz Travel. Get in touch today to learn more about our products and serviceslearn more about our products and services.