Find out whether Single or Multi-trip travel insurance is the right choice to suit your travel needs?
One of the most important things you need to prepare before a trip is travel insurance. If you’ve been looking for the best travel insurance for your trip, you might find out that there are two major types of travel insurance: single-trip and multi-trip travel insurance. Both types offer similar coverage, such as hospitalisation expenses, loss of baggage, and trip cancellation, among others. If you’re new to travel insurance, it might be somewhat confusing to differentiate the two and which one is best for you. Therefore, it is essential to learn the difference between the two to choose the right one for your trip. Before we dive into more details of each type of travel insurance, let’s first take a look at what they are, their benefits, and what they offer.
Single trip travel insurance provides coverage for only one trip. What’s classified as one trip is when you leave your home, travel for a time, and then come back home. You can visit multiple destinations or even multiple countries, and it will still be considered a single trip as long as you don’t return home.
Single trip travel insurance covers you from the time you purchase the insurance and remains in force until the end of the policy (usually up to 180 days) or the date you return home, whichever is earlier. If you’re traveling for more than 180 days, you should be able to extend the policy.
Single trip travel insurance offers numerous benefits that aren’t provided by multi-trip travel insurance. Below are some of the main benefits:
Multi-trip travel insurance, sometimes known as annual travel insurance, allows you to travel as many time as you want in a year. The policy term begins from the date you purchase it and ends within a year. However, it does have a limit on the duration of the trip. Typically, you are covered for 30 to 45 days for each trip. This means that you may have to pay extra fees to buy more days to extend your coverage if you plan to take longer trips.
Having the right travel insurance plan will save both your time and money.
Other than covering multiple trips in a single payment, multi-trip travel insurance also offers other benefits. The following are some of the benefits you can enjoy:
No matter how often you travel, travel insurance should be with you in every trip.
From the definition and benefits above, we can see how different both types of insurance are. To help you decide which one is the best travel insurance for you, let’s compare the two and take a look at the major differences.
Ability to Customise
Which One Should You Choose?
After looking closely at the features of both single and multi-trip travel insurance, we know that each has its own pros and cons. In order to select the best one for your needs, make sure to consider factors like the frequency of your travel, your budget, and the duration of your trip.
Whichever one you choose, there are also several factors you need to keep in mind. These include: