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someplace on a long weekend, a yearly travel insurance policy makes a
lot more sense then a bunch of little policies. >>
The problem from the insurer's view point is not knowing what their
total loss exposure is prior to issuing the policy. How can they
properly price the policy without knowing if the client will be taking
six cruises at $10,000 a piece or two cruises at $1000 a piece.
That's why most annual plans that do include a trip cancellation
benefit limit it to a small amount such as $1,000. This is why the
vast majority of annual plans are issued to those not really needing
cancellation coverage but are more concerned with medical, emergency
evacuation, emergency assistance, etc.
The above is for US-style plans, UK-style plans are much different
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