Multi-trip travel insurance (also known as annual travel insurance) can cover you for every trip you make within 12 months. Depending on your policy, it can cover you for cancellations, overseas medical costs, theft, loss or damage of luggage or possessions, personal liability and more. Just be mindful that cover may be limited for some of the above benefits.
If you’re regularly travelling within Australia, you can purchase a domestic multi-trip policy. However, your cover will be subject to you being a minimum distance from your home, and it won’t cover medical or hospital expenses already covered by Medicare.
If you’re making multiple overseas trips throughout the year, you can buy an international multi-trip policy. However, if you’re travelling to specific countries, you’ll need to make sure you’re covered for those regions in your policy.
If you’re an owner or employee of a small business and your regular trips are work-related, it might be worth checking out business travel insurance instead. Bigger companies will usually have a corporate travel insurance policy to cover all their employees for the 12 months.
Multi-trip travel policies will be subject to the same exclusions you might find in regular travel insurance. This may include conditional cover (or no cover at all) for travellers with pre-existing health conditions, snow or extreme sports (like skiing) or cruises. It could also include limited cover for travellers over a certain age (usually 65).
Multi-trip policies will also have a maximum length of cover per trip (usually 20-90 days). This means your policy won’t cover you for any losses incurred while travelling if your trip exceeds the maximum trip length listed in your Product Disclosure Statement (PDS) or on your Certificate of Insurance.
You’ll need to be in Australia when your Certificate of Insurance is issued, so these policies can’t be bought from overseas (i.e. after you’ve departed for your trip). If you want to be covered for multiple trips throughout the year, compare travel insurance policies.