Saving in all-year travel cover: As people go abroad more often, annual policies may have attractions over single-trip deals

ONE-TRIP travel insurance is dead. Long live yearly travel insurance. For increasing numbers of business travellers and holiday-makers, taking out cover for just one trip no longer makes sense.

Gone are the days when cover was an optional extra booked through a travel agent for the once-yearly foreign holiday.

More and more families and individuals are going abroad at least twice a year. Packed early-morning flights to most European destinations and 'red-eye' journeys across the Atlantic attest to the growing trend for overseas business travel.

Those who combine such travel with family holidays abroad could find that yearly travel cover is even more worthwhile.

To cater for this growing trend, insurers are launching a range of one-year cover packages. For one premium, travellers are covered no matter how many times they go abroad, for periods of up to three months each time.

Towry Law, an insurance broker, launched its own annual policy last week. Roger Parkinson, one of the company's directors, said: 'Everyone who makes one or more trips abroad needs to look at yearly cover.

'Even a family on a two- week holiday to Florida will save money on the cost of a conventional one-off policy. Although most package holidays usually include insurance cover, you can easily contract out if you choose.'

Earlier this month, Halifax Building Society launched its own annual worldwide travel policy. For individuals the cost is pounds 90, while families of up to three children aged under 18 pay pounds 125 a year.

By contrast, a family of four taking a two-week holiday in Europe would pay pounds 66.80 for two weeks' cover through Halifax. For two weeks in Florida, the cover would cost pounds 140 - more than the annual policy.

The annual cover offers up to pounds 3,000 compensation for holiday cancellation, pounds 300 for missed departure in Europe and pounds 600 worldwide. Smaller amounts are also payable for travel delay.

Personal accident cover is pounds 15,000 for death and pounds 25,000 for permanent total disablement. Unlimited medical and other expenses are met, and emergency repatriation is also included. Personal liability cover of up to pounds 2m is available.

Lloyds Bank has also joined the scramble to sign up people for annual travel cover. Its policy costs pounds 95 for individuals, or pounds 126.50 for families with two children. Customers who already have home contents insurance that includes personal possessions and money cover while away from home qualify for a 15 per cent discount.

While most of its terms are similar to those of the Halifax, the bank's policy also throws in 17 days' winter sports cover at no extra cost.

TSB has also entered the fray with a policy that costs pounds 95 for individuals and pounds 150 for a family with three children.

It offers optional Activity Care cover, starting at pounds 12 per person, for adventurous sports such as mountaineering or pot-holing.

Towry Law's Options scheme costs pounds 125 for two adults. Children under 18 can be added for pounds 15 a time, while other family members are covered for pounds 45. Car breakdown cover costs a further pounds 40.

While its scheme is more expensive than others, Towry Law has a cheaper pounds 80 option for those prepared to forgo baggage and money claims covered under their household policies. A child adds pounds 10.

Next weekend, the Independent and Independent on Sunday will be launching their own one-year cover scheme through General Accident, a large insurer.

Aimed more at holiday makers than at business travellers, this policy will cost pounds 42 for individuals aged up to 64 who are going on trips of up to 31 days in Europe, and pounds 75 if they want worldwide cover.

Skiing holidays are included in the package.

Families with two children up to 15 years old pay pounds 88 for European holiday cover and pounds 140 for worldwide cover.

While this policy is cheaper than most for simple holidays, anyone hoping to combine it to cover business travel or longer trips will have to pay more than they will with many other insurers - up to as much as pounds 160 for the full worldwide family option.

----------------------------------------------------------------- COSTS OF ANNUAL TRAVEL POLICIES, pounds ----------------------------------------------------------------- MAXIMUM COVER MAXIMUM COST LENGTH Medical Cancel Baggage Liability Days Skiing Indiv. Family Amex 2m 7,500 2,000 2m 91 yes 79.50 120* Abbey 2.5m 2,500 1,500 2m 31 yes 92 130* Barclays 2m 2,000 1,000 2m 90 yes 97.50 125* Bradford & Bingley 5m 5,000 1,500 2m 90 yes 75 157 Columbus 1m 1,000 500 1m 60 no** 67 111 Thomas Cook Unltd 5,000 1,500 2m 60 yes 125 270* Halifax Unltd 3,000 1,500 2m 31 yes 90 125* Leeds 5m 3,000 1,500 2m 31 yes 89.50 126* Lloyds 2m 3,000 1,500 2m 90 yes 95 126.25 Marcus Hearn 5m 2,000 1,000 1m 120 no** 95 150 N&P (ind) 2m 2,500 1,000 1m 90 yes 75 137.50* N&P (fam) 2m 3,000 1,250 2m 92 Towry Law 1m 2,500 1,500 1m 60 yes 95 155 TSB 5m 3,000 1,500 2m 31 no* 95 150* The Independent 2m 3,000 1,500 1m 31 yes 75 140 ----------------------------------------------------------------- * Three children or more. ** Skiing extra. Lower rates for Europe only from The Independent and TSB. -----------------------------------------------------------------

(Photograph omitted)

Life and Style
“What is it like being a girl?” was the question on the lips of one inquisitive Reddit user this week
News
peopleDave Legeno, the actor who played werewolf Fenrir Greyback in the Harry Potter films, has died
Arts and Entertainment
Armando Iannucci, the creator of 'The Thick of It' says he has
tvArmando Iannucci to concentrate on US show Veep
Life and Style
beauty
PROMOTED VIDEO
Sport
Luis Suarez looks towards the crowd during the 2-1 victory over England
transfers
Life and Style
Swimsuit, £245, by Agent Provocateur
fashion

Diving in at the deep end is no excuse for shirking the style stakes

Sport
German supporters (left) and Argentina fans
world cup 2014Final gives England fans a choice between to old enemies
Arts and Entertainment
A still from the worldwide Dawn of the Planet of the Apes trailer debut
film
News
peopleMario Balotelli poses with 'shotgun' in controversial Instagram pic
News
A mugshot of Ian Watkins released by South Wales Police following his guilty pleas
peopleBandmates open up about abuse
Sport
Basketball superstar LeBron James gets into his stride for the Cleveland Cavaliers
sportNBA superstar announces decision to return to Cleveland Cavaliers
Sport
Javier Mascherano of Argentina tackles Arjen Robben of the Netherlands as he attempts a shot
world cup 2014
Arts and Entertainment
The successful ITV drama Broadchurch starring David Tenant and Olivia Coleman came to an end tonight
tv
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Sport
Four ski officials in Slovenia have been suspended following allegations of results rigging
sportFour Slovenian officials suspended after allegations they helped violinist get slalom place
News
14 March 2011: George Clooney testifies before the Senate Foreign Relations Committee during a hearing titled 'Sudan and South Sudan: Independence and Insecurity.' Clooney is co-founder of the Satellite Sentinel Project which uses private satellites to collect evidence of crimes against civilian populations in Sudan
people
Arts and Entertainment
Balaban is indirectly responsible for the existence of Downton Abbey, having first discovered Julian Fellowes' talents as a screenwriter
tvCast members told to lose weight after snacking on set
Life and Style
More than half of young adults have engaged in 'unwanted but consensual sexting with a committed partner,' according to research
tech
Life and Style
A binge is classed as four or more alcoholic drinks for women and five or more for men, consumed over a roughly two-hour period
tech
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

BC2

£50000 - £70000 per annum: Harrington Starr: Business Analyst Consultant (Fina...

Programme Support, Coms, Bristol, £300-350p/d

£300 - £350 per day + competitive: Orgtel: My client, a leading bank, is curre...

(Junior) IT Systems Administrator / Infrastructure Analyst

£28000 - £32000 per annum + pension, 25 days holiday: Ashdown Group: A highly ...

Finance Officer

Negotiable: Randstad Education Birmingham: Randstad Education are seeking a Fi...

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice