St Pete Beach, FL January 25th, 2011 – Understanding the difference between annual travel insurance and single trip travel insurance will save a traveler hundreds of dollars. Squaremouth.com, America’s fastest growing comparison website for travel insurance, says it’s important to not be confused by the two, as the differences can make a significant impact. “Many travelers are unaware of the policy details that separate the two plans,” says Chris Harvey, Squaremouth’s CEO.
Annual travel insurance usually excludes cancellation and interruption coverage. If a traveler has this requirement, they should only purchase single trip travel insurance. “Understanding this could save you hundreds of dollars by not purchasing both products,” advises Harvey.
Many annual travel insurance policies will not cover individual trips longer than 60 days. Harvey advises knowing your trip details thoroughly before purchasing your policy. In addition to the limits on individual trip length, some policies restrict the number of trips that can be covered during the year.
Annual travel insurance doesn’t offer many product choices; however, the policies offered can be of good value. An annual policy may be a good choice for travelers who only require medical and medical evacuation coverage.
Squaremouth is America’s fastest growing travel insurance comparison site, helping customers instantly quote, compare and buy policies from every major carrier. Squaremouth has web sites in the US and UK, and an extensive network of partner sites worldwide. The company is headquartered in St Pete Beach, FL., with offices in Fort Wayne, IN. Visit Squaremouth.com or Squaremouth.co.uk.
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