Guide to Annual Travel Insurance Plans | Cruise.Blog – cruise blog | Gmx Pharm

Do you normally purchase travel insurance when on a cruise?

Travel insurance is one of those cruise ship topics that no one wants to think about or talk about. It’s definitely no fun imagining all the things that could go wrong on your much-anticipated cruise. After all, holidays should be relaxing and restful!

However, travel insurance is extremely important. Travel insurance can provide coverage for medical emergencies, trip interruption, trip cancellation, lost luggage, rental car damage, luggage delay, theft, or other mishaps you may experience during your trip.

The most important protection of travel insurance on vacation is medical emergency care. Your typical health insurance plan probably won’t (or fully) cover the type of medical care you’ll need abroad or on a cruise ship.

Travel insurance can save you hundreds of thousands of dollars at worst.

Think about it — if your appendix ruptures while you’re on a cruise in the middle of the ocean, you’ll need a medical evacuation. A helicopter evacuation from a cruise ship can easily cost $100,000 or more, not to mention other transportation to get back home.

It goes without saying that everyone should have travel insurance, especially on cruises.

For those who travel several times a year, investing in annual travel insurance can make a lot of sense.

How does it work?

Annual travel insurance plans allow travelers to purchase one policy that covers multiple trips over the course of a year. Essentially, this means any eligible travel that occurs within 365 days of plan activation is covered.

Rather than taking out a separate policy for each trip, it can often make more sense to take out annual travel insurance instead. This is not only more convenient, but often also cheaper.

If you’re like me, you love cruising and maybe even cruise several times a year. I also travel internationally a lot, so it makes sense for me to have an overarching policy that applies to all of my travels.

I love not having to worry about what would happen if I was involved in an accident or needed medical assistance while traveling. It’s worth it for the rest alone. Again, holidays are meant to be relaxing – knowing I’m covered for the worst case scenario really helps me enjoy my vacation to the fullest.

Although we hate to think about our vacation going wrong, it’s very important to protect yourself.

Is an annual subscription cheaper?

When you are spending thousands of dollars on an upcoming cruise or vacation, you would hate to see that investment go to waste on something unforeseen.

For those who travel multiple times a year, annual travel insurance is the best option. If you take more than 2 or 3 trips a year, a policy that covers you annually makes the most sense than buying individual travel insurance.

Travel insurance costs are generally very affordable. Even some of the higher end single trip plans cost no more than 5-6% of what you paid for your trip.

On the other hand, annual policies start at just $125. Some of the plans with the widest coverage can cost around $600, but the price depends entirely on the coverage tier you choose.

There is usually a maximum number of days per trip that will be covered. For example, you can take as many trips as you like in a year, but each trip must be less than 45 days (or as defined in your policy).

What kind of trips are usually insured?

One of the best perks of annual travel insurance coverage is that ALL your trips away from home are covered.

Of course you should take out an insurance policy for this two-week globetrotter trip to Europe. Usually people only think they need travel insurance when they have spent a lot of money on a vacation. As we know more than ever with the COVID-19 pandemic, so much can go wrong when you travel, no matter where you travel.

While annual travel insurance will cover all of your big trips, think of those times when you made the last minute decision to fly somewhere for a wedding. Or consider that condo you rented a few hours away for a wonderful weekend getaway. Maybe you got on the train to surprise a good friend who was visiting the city.

All of these cases are also covered by annual travel insurance, although you probably wouldn’t have taken out individual insurance. Most policies require you to be at least 100 miles from home for your policy to apply; So as long as you are outside this minimum range, you are covered.

Who Really Needs Cover?

I admit that I have traveled a lot without having travel insurance. I know I’ve been lucky because I’ve never had a major disaster, medical emergency, or major mishap while traveling.

But I’ve heard enough horror stories about travel hassles and huge emergency bills to change my mind. The pandemic has also changed my perspective on whether travel insurance is really necessary or not.

While we think everyone could benefit from travel insurance, there are a few specific travelers who would benefit the most from annual travel insurance.

First off, older travelers are more vulnerable to medical emergencies, so it only makes sense that these travelers invest in good travel insurance.

Unlike individual travel policies, the cost of an annual travel policy does not change with the traveler’s age. This makes an annual travel plan so affordable for older travelers – you pay the same insurance cost at 75 as you did at 27.

In addition, spontaneous travelers would benefit greatly from annual travel insurance. While it’s great to snag a great last-minute cruise deal, you may not have much flexibility when it comes to cancellation options. As soon as you book your trip, you have insurance protection that takes effect.

It’s hard to say how many trips you will make in a year. Being a military wife myself, it’s very rare that we know where and when we want to travel; As such, we tend to make last-minute travel decisions to accommodate my husband’s ever-changing schedule. For this reason, an annual travel policy fits our travel style perfectly.

Budget travelers could also benefit from investing in an annual travel plan. If you’re cautious about your vacation spending, making the small investment to protect your hard-earned vacation should be a priority.

What is insured in relation to cruises?

When it comes to cruising, your biggest concern should be an onboard medical emergency. Although all cruise lines are equipped with medical facilities and qualified doctors to attend to you, the costs are usually at your own expense. Even your normal medical insurance would likely not cover the treatment you receive on board.

As we mentioned earlier, cruise ship medical evacuations are also very expensive. While you will likely never need this coverage, if you did, you would owe hundreds of thousands of dollars.

In the event of a medical emergency on board or if you need to be evacuated from your cruise ship, you can get coverage with annual travel insurance.

Those flying to cruise ship ports are also insured for baggage delays, which can be a big problem for cruise lines. If your luggage does not arrive in time for your cruise departure, you may need to purchase the necessary items to take on board. The baggage delay would reimburse these expenses.

Although the pandemic has resulted in additional booking flexibility for cruises, cruise lines appear to be phasing out their flexible cancellation policies. Annual voyage insurance allows you to recover non-refundable travel expenses if you have to cancel or interrupt your scheduled cruise (if it’s a covered reason).

Some annual travel insurance plans now even include epidemic coverage, meaning you have some protection if your travel is impacted due to COVID-19 (or other epidemics). This is a huge bonus for insurance coverage, as we all know how illness-related travel can be immensely disrupted.

There are many companies that offer annual travel insurance plans. So before you buy a plan, do some research on exactly what is covered.

What else is covered?

While cruises are my preferred mode of travel, I also enjoy traveling outside of cruises. In this case, you have additional travel benefits through an annual travel policy.

Here is a list of all the coverages you can get through an annual travel insurance plan:

  • Emergency Medical Services
  • Benefits of emergency transport
  • Travel Delay Benefits
  • Rental car damage/theft benefits
  • Baggage delay/loss/damage benefits
  • Travel cancellation benefits
  • Trip Interruption Benefits
  • Change fee coverage
  • Coverage of business equipment
  • Loyalty Program Redemption Fee Coverage
  • Travel Accident Benefits
  • 24-hour hotline access for emergencies

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