• 23
  Mar
  2010

• How to Save Money on Travel (Without Sacrificing Insurance) V: Insurance Types

  
  Filed Under: Blogging
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Most international travelers purchase a vanilla travel insurance plan to cover themselves against the costs of unplanned illnesses. However, there are several types of travel insurance, and choosing the best option for your needs can also save you some much-wanted money.

If your international trip is one of many you will likely undertake in a given year, consider annual travel insurance. This plan covers you for an unlimited number of trips, and can save you a lot of stress and money. This is especially useful if you are a businessperson who travels overseas often.

You can also consider purchasing missionary insurance if you will undertake intermittent trips abroad, with short periods back at home. This kind of plan offers a bunch of benefits, including home country coverage between trips. It also offers some mental health benefits.

On the other hand, if you are traveling abroad as part of a group, consider group travel insurance. The group does not have to be a formal group; it can even be a family trip. That can save you a bunch of money, although the coverage cannot be customized individually in most cases. Selecting the right kind of plan can save you some money.

Travel tip: If your group has many people in different age groups, you can split the group based on age or required coverage for more savings.