A common mistake made by many is buying a new travel insurance policy without checking to see if a previous one they bought is still valid.Home insurance can also include the cover of personal possessions when away from home, meaning there would be no need for baggage cover.While most opt to buy insurance coverage for each trip, buying annual coverage may actually work out cheaper in the long run for those who plan on making multiple trips.
However, it should be noted that some policies put limits on how many days holidayers can travel per travel period.Those travelling in groups should consider buying their insurance collectively as this can actually work out cheaper per head than buying it individually.However, if someone in the group has a pre-existing condition, separate policies will likely work out cheaper.