How annual travel insurance works:everything you need to know

When you book a trip abroad, whether it’s short-haul or travel further afield, it’s likely that you won’t dwell too much on the possibility of something going wrong. No one sets out to have something happen that disrupts time away, but an issue can occur when you least expect it. 

No matter how much you plan, you can’t control the potential for a cancelled flight, lost baggage or missing passport. In fact, studies show that the most common reasons for holiday interruptions are trip cancellations and lost belongings, which can impact holiday enjoyment.  

In order to reduce the chance of something happening that could affect your trip or vacation plans, it’s important to protect all of the elements of your trip with travel insurance. 

One of the major benefits of annual travel insurance is that you will have all of the year’s trips covered under one easy policy, so there’s no need to take out a new policy every time you travel. 

In this article, we explore how annual travel insurance works, what it covers and why frequent travellers can benefit from this type of travel insurance policy. 

Contents

• How does annual travel insurance work?
• What does annual travel insurance cover?
• Why is annual travel insurance ideal for frequent travellers?
• Discover comprehensive annual travel insurance with GasanMamo. 

How does annual travel insurance work?

Travel insurance is a contract between the recipient of the policy and an insurance provider. Travel insurance provides financial protection in the event of a covered event, such as events occurring while you’re on a trip or holiday abroad. 

Annual travel insurance is an important consideration for any traveller. This is because an individual can take out one travel insurance policy to cover all of the trips or vacations they take in a 12-month period. 

Annual travel insurance can cover a range of approved situations, from the loss of cash while you’re travelling to compensation for emergency medical care if you have an accident or are taken ill while you’re away on a trip. 

Typically, annual travel insurance works by covering an unlimited number of trips within one 12-month period, but there may be a limit on the number of days for each trip. 

When you take out an annual travel insurance policy, your documentation for the plan will state the date from which your policy will start and the date it finishes for clarity. 

What does annual travel insurance cover?

An annual travel insurance policy should cover you and the named individuals in your policy against eventualities that could occur on your trip overseas. The annual travel insurance policy you select is likely to cover the following standard aspects:

• Loss or damage to baggage
• Personal accidents
• Trip cancellation
• Costs for emergency medical treatment
• Personal liability
• Delayed or missed departure
• Passport loss

With an extensive annual travel insurance policy, such as the one you can take out with GasanMamo, you also achieve valuable benefits, which include:

• Year-round cover for unlimited trips 
• The option to choose between Standard and Executive plans.
• Free cover for children under 16 when parents are insured. 

An annual travel insurance policy delivers the convenience and value of having one competitively priced policy that covers all trips automatically, without the need to declare each one.

Why is annual travel insurance ideal for frequent travellers?

Annual travel insurance is advantageous for travellers who take multiple trips a year for a number of reasons:

1. Convenience

Having one annual travel insurance policy in place for a 12-month period can give you real flexibility when it comes to going away. You can book trips when you want, knowing that your travel insurance is already in place. 

2. Cost efficiency

Taking out travel insurance every time you travel can increase payments and may cost you more in the long run. With annual travel insurance, you pay one total for the whole 12-month period, making it easier to budget for vacations. 

3. Cover from the time of booking

You may take out a single-trip insurance policy and aren’t covered from the day of booking. With annual travel insurance, you should be covered straight away, making it easy for you to book trips when it suits you with an added level of protection all year round. 

Discover comprehensive annual travel insurance with GasanMamo

Taking a highly anticipated trip can create memories that last a lifetime with family and friends. Insuring your travels with an annual travel insurance policy can meet your needs over the year and give you peace of mind to fully enjoy your time away. 

It’s advisable that you put time aside before you travel to secure the right policy. With an annual travel insurance policy, you won’t need to arrange cover every time you travel, making your trip plans simpler and convenient. 

Take a look at our competitive and comprehensive benefits, optional extras, and annual offer on our travel insurance page.

GasanMamo Insurance is authorised under the Insurance Business Act and regulated by the MFSA.

Photo © by utah778 from Getty Images.