There are various types of travel insurance available in the market. These are single trip travel insurance, multi trip travel insurance, long stay travel insurance, and medical travel insurance.
Types of travel insurance
The 4 types of travel insurances are given below :
1. Single trip travel insurance : Single trip travel insurance is for you and your family when you a planning just a single trip or a holiday. It will give your basic cover for trip cancellation along with medical insurance for the duration of your trip. At times, it is quite possible to include some additional coverage at an elevated price.
2. Multi trip travel insurance : This insurance policy is beneficial for those who travel frequently. Some insurance companies specify the number of trips that can be covered by the insurance. This insurance offers a good discount and you include additional coverage like winter holidaying or golf.
3. Long stay travel insurance : Long stay travel insurance is for duration of 3 to 18 months and is ideal for those who like to take long trips. This is especially suited for holidays when you are visiting your relatives or friends.
4. Medical Travel Insurance : Medical Travel Insurance covers all health related issues that might occur during a holiday. However, you have to declare all pre-existing medical conditions and you might have to take a special coverage for those.