Annual Insurance Policy

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Annual Insurance Policy

An insurance policy in which the policyholder pays premiums and the insurer provides coverage for a full year. At the conclusion of that year, either party may choose to renew the policy. It is also called an annual policy.
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OLDER TRAVELLERS: Annual policies usually make more sense, but often have strict age limits.
Wirral Borough Council is inviting tenders from insurers and broker-led consortia for annual policies, for the provision of insurance including Property, Money, Business Interruption, Liability, Contract Works, Personal Accident, Travel, Legal Expenses, Motor, Fidelity Guarantee, Professional Liabilities and Engineering Insurance / Inspection, commencing 1.
Annual policies could typically save regular travellers 15 per cent* - Beware of varying cover levels on travel insurance policies - Always make sure your policy provides adequate cover for your needs, says MoneySupermarket
For annual policies covering 60 days per trip, premiums can range from Dh440 to Dh1,550, according to Nexus Insurance Brokers.
It is already too late to table the annual policies, programmes and the fiscal budget in the Legislature-Parliament.
InsureandGo's annual policies include winter sports cover automatically.
If you plan to make more than two trips, annual policies, from pounds 39, are a good idea.
Older people are being denied travel insurance, with more than one in four annual policies and one in five single trip policies refusing to cover the 9.
Premiums start at pounds 10 for a single trip and pounds 35 for annual policies.
Annual policies limit the length of a trip while providing cover for a total number of days within 12 months.
Direct insurers have around 15pc of the market, but this figure is increasing at between 1pc and 2pc a year, with sales of annual policies rising at a faster rate than insurance sold through travel agents.
Cheapest was Llandrindrod Wells in Powys at pounds 217, while residents in Peckham Rye in south east London had to dig deepest with annual policies costing pounds 709 - a difference of 326 per cent.
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