For those who fly on regularly, an annual travel insurance policy is usually your best option. You can sometimes get the lowest premiums on a yearly or a multiple-trip policy as opposed to getting new coverage each time you travel. For frequent fliers, this can end up amounting to a great deal of savings.
One of the nice things about buying an annual travel insurance policy is that it follows you around wherever you go and remains in force wherever you happen to be. If your policy includes 24-hour, seven day a week emergency services, as all good policies must, you are never more than a quick phone call away from assistance if and when the need arises. A friendly, helpful voice on the other end of a frantic phone call from a distraught traveler is worth more than the mere premium dollars required to obtain this service.
In an attempt to uncover the lowest premiums available for travel insurance policies, it’s important to remember that price isn’t everything. If a company offering cut-rate prices happens to be rated below an A or an A- by rating companies such as A.M. Best or the Better Business Bureau, the deal they offer may not be as good as it seems. Dealing with a top-rated company that has had years of experience and a logbook full of satisfied customers, on the other hand, may be well worth a few extra bucks for their experience alone. You want a good deal, naturally, but a deal that just seems too good should probably send up red flags. There’s no reason to gamble your prospective financial future on an insurance company that may, in fact, not be able to perform as promised.
There are quite a few top-rated companies issuing top-notch policies to cover just about any contingency possible while you’re traveling. The competition has kept the prices in check and the current lust for ‘travel adventures’ has brought a wide spectrum of specialized options that may be added to a basic travel policy. If you travel regularly, a good yearly policy is probably the way to go.