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7 Reasons to Buy Yearly Travel Insurance

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Most people think travel insurance is something you buy only for expensive trips, but annual travel insurance plans can help frequent travelers save money -- and keep themselves protected. Wondering if it's right for you?

Here are seven reasons to buy yearly trip & travel insurance:

1. You typically take several trips in a year.

Annual travel insurance was made for people who are planning three or more trips in a year, whether for leisure or business. One insurance plan covers them all.

2. You're a spontaneous traveler.

Do you obsessively search for last-minute travel deals online? Do you keep your travel bag packed and ready, just in case you feel like getting out of town for the weekend? Look for a cheap annual travel insurance plan that will protect you wherever you go.

3. You tend to forget things when you travel.

Are you the type who inevitably leaves something behind, whether your toothbrush or your dress shoes? 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.

4. You're trying to save money on travel insurance.

A cheap annual travel insurance plan can save you a significant amount of money compared to buying travel insurance for each trip you take.

5. You're planning a mission trip.

Travel insurance is a must if you're traveling to developing nations or remote destinations. A yearly 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.

6. You may have to travel unexpectedly.

If your business or your family sometimes requires you to book a trip in a hurry, you won't have time to shop for travel insurance before you speed to the airport.

7. You often travel with expensive gear.

If you take frequent business trips with a projector and a laptop stowed in your bag, or if you bring your beloved 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.

As always, read your plan coverage documents in full before you leave for your trip. Safe travels!

Nov 14, 2016