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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Meanwhile, less than one in five (18%) annual policies include winter sports cover as standard - so annual policy holders in particular need to be wary of assuming they're covered for different types of holidays.
Though cheap annual policies are still possible, especially if you're under 75.
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.
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.
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.
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.
According to policy provider Club Direct (01243-817781) sales of annual policies have grown about 70 per cent more than those of single-trip policies in the past three years.
But sales of annual policies have increased by 70 per cent in the last three years as people take more holidays.
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