Opting for annual travel insurance can be cost effective

Millions of UK travellers may well be overpaying for travel insurance when they purchase individual policies for each tr

Travel Insurance News - 24/07/2008

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American Express conducted a poll in the UK recently and discovered that 31 percent of British travellers who intend to purchase travel insurance in the coming year are not planning on choosing annual, multi-trip cover – even when they travel with some frequency.

This revelation comes despite the fact that it is typically cheaper for travellers to purchase a single multi-trip policy and individual policies for each trip during a year’s time.

The head of American Express Insurance Services, Chris Rolland, commented that purchasing annual travel insurance will help UK travellers saving money, which should be particularly helpful during a time of increasing pressure on their finances.

He said: "With so many cheap flights and last minute holiday deals available to Britons, taking a mini-break is all the more appealing.”

"We understand that holiday costs can add up, but by investing in annual travel insurance, Brits will save in the long run and be free to enjoy several breaks throughout the year."

<< Many travellers taking risks travelling without insurance | Travel News | Knowing what your travel insurance covers is key >>