As a professional blogger, I travel a lot! Even though I’m a frequent traveller, I don’t know much about single trip or annual travel insurance, and I’m probably not alone. I’m sharing what I recently learned about choosing travel insurance so you can save some money and travel more often too!

Have you thought about annual travel insurance?

Admittedly, questions about annual versus single trip travel insurance are really not my specialty. In fact, I used to think travel insurance was all very complicated! Last January, however, I spoke to a TuGo Licensed Insurance Advisor about insuring my trip to Costa Rica. I discovered this Canadian company last year and I’ve been collaborating regularly with TuGo ever since.

My second trip of the year to Costa Rica with Multi Trip insurance
On a Costa Rican beach—one of the many trips I’ve made this year.

When I called TuGo, they asked me if I wanted Multi Trip Annual Insurance or Single Trip travel insurance. I was embarrassed that I didn’t know how to answer—I had never asked myself that before!

When I first started travelling, my trips were infrequent, but for longer stays. Today, I’m lucky to travel more and share my passion with blog readers. As a result, my trips now vary enormously in frequency and length. I travel more often but take shorter trips, which is why the question of a Multi Trip Annual policy versus a Single Trip policy started to make a lot of sense!

4 month trip to Laos insured by TuGo
My 4-month trip to South East Asia in 2008

My traveller profile has obviously changed over the years, but what about my travel insurance policy? I was wrong to think that an annual travel insurance policy cost a fortune. In fact, there are a lot of advantages to choosing a multi trip travel insurance policy!

Corsica with Multi Trip Insurance
My one-week trip to Corsica in May, 2015

Here’s how to choose the right travel insurance policy:

First, ask yourself the right questions.

  1. How many trips do I intend to take this year?

TuGo reassured me that if I travel more than twice a year, the Multi Trip Annual policy is a better value for frequent travellers.

Considering I travel around four times a year, for trips ranging 10-30 days at a time, the Multi Trip Annual policy option was definitely better for me. Also, I take day trips here and there across Canada and over the border to the States all the time. I need travel insurance for these mini getaways too. The good news is this Multi Trip Annual policy covers them too, for as many as I like!

Cocora Columbia as part of annual travel insurance
In Cocora Valley, Colombia
Last minue trip to Cape Cod with annual travel insurance
My getaway to Cape Cod on the American East Coast

If you plan to take more than two trips a year, annual travel insurance is for you!

Note: Annual insurance doesn’t necessarily have to mean from January 1st to December 31st. A Multi Trip Annual plan can start the first date of your next trip!

  1. How many days am I travelling for each trip?

There are different coverage lengths for annual travel insurance. Of course, the more travel days of coverage, the more your premium goes up.

The policy I got last January covers me for an unlimited number of trips for a maximum of 35 consecutive travel days per trip. Make sure you discuss this point with your insurance broker, as your choice will depend on your travel plans.

Because it’s hard to plan everything in advance, if one of the trips goes over 35 days, I can pay to add more days to extend the length of coverage!

Sometimes it might even be wiser to buy an annual policy for a shorter trip length, and then pay to only extend the trips where you need more days. It could be more economical than buying a longer period of coverage. Don’t be shy to ask your insurance agent or advisor to compare prices between Multi Trip coverage trip lengths and extensions!

  1. Do I also need trip cancellation/interruption and baggage insurance?

I asked TuGo about adding Trip Cancellation/Interruption and Baggage plans. I learned that these plans aren’t available as part of Multi Trip Annual travel medical insurance. You can however buy Trip Cancellation/Interruption and Baggage Insurance to cover a specific trip. You’ll be glad you did in case of mishaps!

If you do get  Trip Cancellation/Interruption, you’ll have to decide on the “sum insured”. For example: If you book a flight that costs $400, you’d choose the sum insured to cover up to $400. This is the amount you’d be reimbursed if you had to cancel your trip due to one of the reasons listed in the policy.

  1. What are the advantages of a multi trip annual policy?

Here’s my list of the advantages I found:

  • Cheaper: savings on time and money when you travel several times a year
  • More flexible: Choose the number of days of travel coverage, or easily prolong coverage for your next trip. If your trip is longer than the plan you buy–just add more days!
  • Destination specific options: You can choose an annual plan for Canada only (much cheaper) if you only travel within the country, or choose Worldwide for greater ease travelling internationally.
  • Avoid forgetfulness: You won’t have to worry about forgetting to buy travel insurance every time you travel or leave your home province.
  • More time for fun! You’re covered for the entire year, so no need to think about anything or waste time phoning every time you take a trip.
  • Outdoor adventure coverage: TuGo’s Multi Trip Annual policy covers most outdoor adventure and leisure sports like rock climbing—something I definitely find useful for the adventure travelling I like to do!
rock climbing in China with Multi Trip Annual Insurance
Rock climbing in Yangsho, China. An extreme sport—for me at least!

When you travel outside of your home province (in my case, Quebec), provincial medical only pays 10% of your medical bills abroad. This surprises many Canadians! Check out some of these examples of how much medical claims cost and how little provincial plans cover abroad and you’ll know what I mean. This is why travel insurance is essential, no matter where you travel!

Canadians visiting lake louise with travel insurance
In front of iconic Lake Louise, Canada. A Multi Trip policy is useful for travel within Canada too!

I’ve personally tested this policy out for the last few months, and I can definitely say it’s best suited to my needs and my frequent traveller profile. Let’s just say I’m extremely satisfied with my Multi Trip Annual emergency medical insurance from TuGo! The fact that I don’t have to think about buying travel insurance for the rest of the year makes me so happy and I feel so reassured!

If you’re having trouble choosing your travel insurance policy, don’t hesitate to call on TuGo. Their Licensed Insurance Advisors are truly there to help—however they can.

Why do you choose single or multi trip insurance? Let us know below!

Happy travels,

Rachel

Rachel

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