Travel & More

travel insurance

Multiple Trip Travel Insurance: How Does It Work?

Jun 1, 2023

5 min. read

Travel & More

travel insurance

Do you enjoy going on vacations with your family? Have you been itching to travel to your dream destinations? Before you pack your bags and buy your plane tickets, you should take a moment to learn about travel insurance.

There are several types of travel insurance packages that are suited for various travellers, including multi-trip travel insurance (also known as a multi-trip annual plan).

Multi-trip annual plans are incredibly beneficial for travellers that go on several trips or vacations per year. But how exactly does this unique type of coverage work, and why is it so beneficial for travellers?

Continue reading to find out.

What is multi-trip travel insurance in Canada? — An in-depth guide

A multi-trip annual plan is a unique type of travel insurance plan that caters to travellers that enjoy going on multiple trips per year.

Unlike single-trip travel insurance (which only provides coverage for one vacation or trip), multi-trip travel coverage protects you and your family for an entire year’s worth of excursions.

Instead of re-applying for (or worse, going without) a travel insurance policy, you can make the process quicker and easier by opting for a multi-trip annual plan. Multi-trip annual plans automatically protect you and your (listed) family members whenever you go on a vacation, so you never need to worry about what could happen during your trip.

How does multi-trip travel insurance work?

Finding the right multi-trip annual plan is relatively straightforward, especially once you’re familiar with the process. When you reach out to your insurance broker or Surex insurance advisor, you’ll be asked to estimate the average length of your upcoming trips.

You’ll then be asked if you'd like to include any non-medical add-ons (we’ll go over these add-ons shortly) or if you would prefer to stick with emergency medical coverage.

Lastly, you’ll be asked if you want to include a deductible. Although these deductibles are optional, we highly suggest including one in your plan. For example, if you choose an optional deductible that requires you to pay some of the upfront costs, your travel insurance provider will reduce the price of your coverage. Be sure to keep this in mind before committing to a multi-trip annual plan.

5 add-ons for long-term travel insurance in Canada

One of the most attractive aspects of buying a multi-trip annual plan is its level of customization. Travellers can customize their plans to meet their needs by including one (or more) add-ons to their policies.

The most common multi-trip travel insurance add-ons include:

Trip interruption
Trip cancellation and interruption
Baggage loss, delay or damage
Accidental deaths or dismemberment insurance
Contact, adventure or extreme sports coverage

Contact your insurance broker or Surex insurance advisor to learn more.

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How many days can you travel with a multi-trip travel plan?

The number of days that you can travel (while protected by your policy) will depend on the type of multi-day annual plan that you purchase.

For example, some plans only protect travellers for four days (without an extension), whereas others protect travellers for as long as 30 days (without an extension). Some providers even offer plans that last as long as 180 days!

What are the benefits of buying a year-long travel insurance plan in Canada?

There are three primary benefits that come with investing in a multi-trip annual plan with a reputable travel insurance company. These benefits include:

Travellers can save money
Additional convenience
More flexibility

#1 — Travellers can save money

Going on one vacation is expensive enough, but if you’re thinking about planning multiple trips within the next year, you’re probably looking for ways to save some money. Thankfully, you can save money on travel insurance by opting for a multi-trip travel insurance plan. As a rule of thumb, the more that you travel, the more money you save!

#2 — Additional convenience for travellers

Planning a family vacation is undeniably stressful, so it’s only natural that many travellers prioritize other tasks over getting travel insurance. Thankfully, when you get multi-trip travel coverage, you don’t need to look into travel insurance before each trip. Instead, you can spend more time planning and packing for your upcoming adventure.

#3 — Additional flexibility

As mentioned earlier, your insurance broker or advisor will ask you to estimate the average length of your trips. If you happen to go over your estimation, it’s no problem — all you need to do is contact your travel insurance provider and ask for an extension. Having this additional flexibility ensures that you and your family members are safe during your getaway.

Who should purchase a multi-trip annual plan?

Practically anyone who travels more than once per year can benefit from investing in a multi-trip travel insurance plan.

That being said, there are certain types of travelers who can get more use out of this type of insurance than others.

Our experts suggest investing in a multi-trip annual plan if you:

Travel to the US during the winter months
Regularly travel for work
Work remotely (multi-trip travel insurance is ideal for “digital nomads”)
Regularly go on multiple vacations by yourself or with family members

Who offers travel insurance for multiple tips in Canada?

Several travel insurance companies offer multi-trip annual plans for travellers in Canada. At Surex, our travel insurance partner is Tugo, one of the top-rated travel insurance providers in the country.

If you’d like to learn about the insurance plans that Tugo (or any of our other trusted insurance partners) has to offer, you can always reach out to your Surex insurance advisor.