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Types Of Travel Insurance
By Greath Owen
When purchasing a travel policy you will need to consider the type of policy to buy.
There a basically only two types of travel insurance, the first is a policy that only covers one specified journey, known as a single trip policy, and the other will cover all journeys made within a specified 12 month period, known as an annual multi-trip policy.
There will, however, be a requirement to meet with respect to length of residence and registration with a local GP in order to qualify for cover under either policy. I don’t know of any full travel policy available to a UK resident that doesn’t require you to be registered with a local GP, although there are some limited policies, limited both in the amount of cover and the scope of the policy that can be bought without having being registered with a local GP. The length of residency criteria can vary from no restriction, through 6 of the last 12 months, to the strictest of them being the last 6 months continuous residence prior to purchase, although short holidays are permitted to have been taken during the 6 months.
Single trip policies are sub-divided into short stay and long stay versions, short stay travel policies have a maximum duration of around 3 or 4 months depending on the insurer and long stay policies have a maximum duration of 18 months usually, although this is often reduced based on age and destination. However, it is the norm that regardless of how long a duration you have paid for, if you return to your home country during the insured period then the policy ends, so if you are a UK resident, you can’t book a 3 week policy for a trip within Europe and spend a week in France, then return to the UK en-route to Ireland for 2 weeks, as the policy ends as soon as you set foot back in the UK, you would need two separate travel policies, or travel directly to Ireland from France. Having said that, it is possible to purchase a long stay policy that has the option, at additional cost of course, to return to the UK twice during the insured period.
With single trip policies, both versions, the cancellation coverage within the policy, in most cases, comes into force on the date of purchase, however, there are some policies designed to cover pre-existing medical conditions where there is a delay of around a month before the cancellation cover becomes active.
Long stay policies themselves are sub-divided into two types, there are the ones aimed at gap year students, backpackers and other relatively young travellers with no commitments, and these have a maximum age limit of around 40 or 45 and are generally not intended for families, as there are no discounts for children and may be restricted to a maximum of traveller and partner. The level of cover tends to be on the lower end of the spectrum in order to keep the price down but it is not always the case.
Other long stay policies for older travellers or families are available, with a common age limit being 75, although it is possible to buy a policy for a stay of up to 6 months with no upper age limit.
Annual multi-trip travel policies are intended to cover all trips you make within a 12 month period, beginning on the specified start date. There will be a limit, specified at the time of purchase, on the length of each trip you make, these can range from around 3 weeks up to around 100 days, although the limit will likely decrease as you get older. There may also be a limit on the number of days you can spend
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