No doubt, travel insurance is important as it can help cover financial losses associated with traveling. In addition, it can be a useful protection for domestic or international travel.
One of the travel insurance coverages you can purchase is single-trip travel insurance.
This insurance is designed to cover just one trip and can help protect against unexpected events that might pop up, from a sudden illness to a stolen passport. Not only does this insurance cover sudden illness or stolen passport, but it also covers a wide range of issues such as trip cancellations, medical expenses, loss of belongings, and other unexpected events.
Furthermore, this insurance can help lessen the burden of planning for a single trip. Thus, with single-trip travel insurance, you can get the peace of mind that you deserve. If you’re interested in obtaining a quote, please read through this article to understand the details.
What is Single-Trip Travel Insurance?
Single-trip travel insurance is a policy that covers you for a one-off holiday to a destination or destination(s) of your choice and ends when you come home.
This insurance is ideal for all travelers, and this is because it is helpful for trip interruption, cancellation, medical expenses, rental cars, and other coverage.
Additionally, unlike annual travel coverage, which covers many trips and can be expensive to purchase, this policy is affordable. In other words, single-trip travel insurance is usually cheaper than an annual policy.
It is, however, essential to note that if you enjoy a couple of trips each year and you take out a single policy each time, the cost can soon add up. Thus, in this case, you might consider purchasing annual travel insurance.
How does it work?
This is simple. As stated above, this insurance or policy covers one-off holidays from start to finish. If you’re considering this policy, you will first need to research and compare several travel insurance companies to find the right plan that suits your budget.
Once you’ve decided on a company, you will be required to provide the following information: destination, start date, and end date of your trip. If you intend to visit more than one destination in one trip, ensure you include all the sites in your coverage.
This insurance policy will cover your medical expenses, emergency repatriation, holiday cancellation, lost or stolen luggage, and other possessions.
What Does It Cover?
Your single-trip travel insurance will cover the following:
- Medical expense
- Holiday Cancellation
- Personal possessions and baggage
- Personal Money
- Emergency repatriation
- Personal liability
The aforementioned are some of the common coverages that you will get when you purchase this policy.
It is worth noting that coverage might vary from one travel insurance to the other. Hence, ensure you research the coverage offered by each company to determine your needs.
Pros and Cons of Single Trip Travel Insurance
You must understand the pros and cons of this insurance before purchasing a policy.
In this section of the article, we will outline some of the pros and cons of this insurance:
Pros
- Firstly, this insurance can be cheaper than annual coverage.
- Also, it covers a specific trip.
- Lastly, you have a higher maximum age than the annual
Cons
- It can be more expensive per trip.
- Shorter-term coverage
- You will need a new policy each time you intend to travel.
How Much Does It Cost?
As stated above, this coverage can be less expensive than annual insurance. It costs between 5 and 7% of your total trip cost. However, prices may vary due to certain factors, such as
- Age
- Cost of your local healthcare
- Cost and breadth of coverage
- Optional supplements are added to your policy.
- Lastly, the length and cost of the trip
The following can determine the cost of your single-trip travel insurance. Thus, you must consider the above-listed factors before purchasing coverage.
Frequently Asked Questions
Does single-trip travel insurance cover COVID-19?
Most single-trip travel insurance companies cover COVID-19. This means if you contract COVID-19, you will be covered to cancel your holiday or receive medical treatment abroad.
However, most companies do not cover COVID-19, so you should go through the coverage offered by each travel insurance company before purchasing coverage.
Is annual travel insurance cheaper than a single trip?
As mentioned above, if you’re planning on going on more than one trip this year, you might consider purchasing annual travel insurance, as this might be cheaper.
However, if it is a one-off holiday, trip travel insurance might be cheaper.
When should I start my single-trip policy?
If you’re considering this policy, to get started, you will need to enter the dates you will be leaving and returning to your home country.
You will then be covered for unexpected cancellations from the time you pay for your policy, even if the travel dates are months away. Hence, you can look forward to your holiday knowing that you’re covered.
When is single-trip travel insurance best?
Here are some of the best examples of where single-trip travel insurance might be the best option:
- If you’re planning on taking one or two trips within a year, it might be cheaper to buy one or two single policies.
- Also, if you can’t find an annual policy within your age limit
- Lastly, if you’re being quoted a high price for an annual policy, you can consider this policy.
Does single-trip travel insurance cover multiple countries?
Yes! Your single-trip insurance can cover multiple countries. Thus, if you wish to visit several countries in one trip, you can get this insurance.
However, you will need to provide your insurer with the list of countries you intend to visit along with the date you will be leaving and returning from your trip.
Leave a Reply