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Traveling is undoubtedly one of the best things you can do to explore new horizons, learn about new cultures, and create unforgettable memories. However, it’s crucial to ensure that you’re adequately protected in case of any unexpected event or emergency. This is where travel insurance comes in, and ongoing travel insurance is your best bet if you’re a frequent traveler.
What is Ongoing Travel Insurance?
Ongoing travel insurance, also known as annual or multi-trip travel insurance, is a type of policy that covers you for multiple trips over a 12-month period. It provides you with continuous coverage, no matter how many trips you take, as long as each trip doesn’t exceed a predetermined duration. This type of policy is an excellent option for frequent travelers who want to save money and time on purchasing individual policies for each trip.
What Does Ongoing Travel Insurance Cover?
The coverage offered by ongoing travel insurance varies depending on the policy you choose and the insurer you go with. However, the following are the standard coverages that are usually included in most policies:
- Emergency medical expenses
- Cancellation and curtailment
- Lost, stolen, or damaged baggage and personal belongings
- Personal liability
- Legal expenses
It’s important to read the policy details carefully and make sure you understand what’s covered and what’s not.
Who Needs Ongoing Travel Insurance?
If you’re a frequent traveler who takes more than two or three trips a year, ongoing travel insurance is an excellent option for you. It’s also a good choice if you’re a business traveler who has to travel often for work. It saves you time, money, and hassle of purchasing individual policies for each trip.
How Much Does Ongoing Travel Insurance Cost?
The cost of ongoing travel insurance varies depending on several factors such as your age, the number of trips you plan to take, the duration of each trip, the coverage you need, and the insurer you choose. It’s essential to shop around and compare quotes from different insurers to find the best policy that suits your needs and budget.
How to Choose the Right Ongoing Travel Insurance Policy?
Choosing the right ongoing travel insurance policy can be overwhelming, especially with so many options available in the market. Here are some factors to consider when selecting a policy:
- Coverage: Make sure the policy covers the activities you plan to do during your trips, such as adventure sports or extreme activities.
- Cost: Compare quotes from different insurers and choose the policy that offers the best value for your money.
- Exclusions: Read the policy details carefully and make sure you understand the exclusions and limitations.
- Customer service: Choose an insurer with a good reputation for customer service and support.
- Policy duration: Make sure the policy duration covers all the trips you plan to take during the 12-month period.
FAQs
| Q. Is ongoing travel insurance more expensive than single-trip insurance? | A. It depends on the number of trips you plan to take during the year. If you’re taking more than two or three trips, ongoing travel insurance is usually more cost-effective. |
| Q. Does ongoing travel insurance cover pre-existing medical conditions? | A. It depends on the insurer and the policy you choose. Some policies may cover pre-existing medical conditions, while others may not. It’s essential to check the policy details before purchasing it. |
| Q. Can I cancel an ongoing travel insurance policy? | A. Yes, you can cancel the policy at any time. However, you may not get a full refund, and some insurers may charge a cancellation fee. |
| Q. Can I make changes to an ongoing travel insurance policy? | A. Yes, you can make changes to the policy, such as adding or removing coverage, if your travel plans change. However, you may have to pay an additional fee for the changes. |
Conclusion
Ongoing travel insurance is an excellent option for frequent travelers who want to save time and money on purchasing individual policies for each trip. It provides continuous coverage for multiple trips over a 12-month period, and the coverage offered varies depending on the policy you choose and the insurer you go with. It’s essential to read the policy details carefully, compare quotes from different insurers, and choose the policy that suits your needs and budget.