What is the difference between single trip and annual multi trip travel insurance?

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Single trip travel insurance covers you for a specific single trip. The premium is determined by the trip cost, age of traveler and length of stay.  Some insurance companies offer annual coverage which insure you for multiple trips during the year. Conditions may apply to the number of trips and/or maximum length of trips. Annual travel insurance policies may have limited or no cancellation coverage.  Refer to the policy wording for full details.