Single trip travel insurance covers you for one holiday trip, or a trip abroad. It may be a cheaper option than annual travel insurance (multi-trip travel insurance) if you don’t take many trips during the year.
If you do plan to go abroad several times a year, you may be better off with annual travel insurance.
Find out more about single trip travel insurance and how to get the best deal.
What are the advantages of getting single trip travel insurance?
To work out the financial advantage of getting a single trip over an annual trip travel insurance policy, you need to add up all the trips you plan to go on and compare the quote for annual insurance to your single trip insurance quotes.
It’s very important to check the small print of your policy to check that all the countries you hope to visit are covered under the policy.
Compared to multi-trip, single-trip travel insurance is:
- generally cheaper – if you don’t plan to go anywhere else in the next year
- more specific – if the nature of your trip and your journeys vary considerably with specific requirements such as risky sports or more risky destinations, getting annual travel insurance may get too expensive. (e.g One trip to Africa and another trip to go skiing might not be covered under the same policy.)
What should a single trip policy cover?
Single trip policies can cover illness and injury, holiday cancellation, loss of baggage, theft, emergency repatriation, public liability and personal accidents.
You should get access to a 24 emergency line to call in the event of an emergency, or to make a claim as soon as possible.
How much does single trip travel insurance cost?
If you’re considering the cost of a policy, you need to make sure that it covers all eventualities. Make sure you aren’t losing out on cover in important areas if you opt for a cheaper policy. Often credit card policies, or those associated with your flight don’t offer enough cover for emergencies.
The average price for a family of 4 going to the US for 1 week is around £30 for a comprehensive single trip policy. It may only cost another £10- £15 for annual cover for trips of the nature. This kind of deal should offer £5m in medical cover, £3,000 in cancellation compensation.
The cost of travel insurance can vary greatly depending on:
- if you want worldwide or European cover;
- if you want family or individual cover;
- your age;
- if you have a pre-existing medical condition;
- the excess;
- the level of cover.
Using a price comparison site will make it easier for you to compare prices from lots of insurers, without having to fill in your details again and again.
Travel insurance checklist:
- Do you need worldwide or European cover?
- How many days travel will you be covered for in total?
- What’s the maximum amount of money you can claim if your baggage is lost or stolen? (The level of baggage cover.)
- What’s the maximum amount of money you can claim for valuables e.g cameras and jewellery? Is this limit high enough to cover your valuables?
- Does your home insurance cover your belongings when you’re away from home? If so, you might not need cover for your valuables and baggage.
- What’s the maximum amount of money you can claim if your cash is lost or stolen?
- Are you glasses covered?
- Will you get compensation if your holiday is cancelled or cut short?
- Have you declared any pre-existing medical conditions? (If you don’t declare any illnesses your claim could be rejected.)
- Is the policy open to people of your age?
- Are there any exclusions? (Things that aren’t covered.)
- What’s the excess? (The excess is a set amount that you’ll have to pay if you make a claim. A higher excess will mean a cheaper policy.)
- Does it cover you for any activities you might want to do, like skiing, rafting or diving?
- Does it include personal liability over? (This will cover you if you injure a person or damage someone’s property.)