Remember that with an annual travel insurance plan, you will receive insurance coverage for an entire year, regardless of the number of trips you make. The annual insurance plan comes with basic medical coverage including inpatient and outpatient care, and emergency medical services. Repatriation of remains and accidental death and dismemberment benefits are also included.
Accidents come unannounced, and this makes it necessary to remain protected, especially when travelling abroad. Many annual travel insurance plans provide collision damage protection on your car rental. Another mishap that can turn a trip into a bad dream is lost or damaged luggage. Baggage and personal effects coverage provided by the annual insurance plan can help cover the costs of replacement.
This plan is specially devised for business executives who are on the move. This plan is valid for one year irrespective of the number of trips undertaken. However, the maximum duration of a single trip is usually specified by the plan, and ranges from 60 to 90 days.