An annual travel insurance policy will take care of your travel-related insurance needs all year, but you’ll only have to purchase it and pay for it once. In fact, an annual travel insurance policy will probably be less expensive than a bunch of separate policies, because you won’t have to involve an insurance agent who will have to do the paperwork of all those separate policies.
One advantage of having an annual travel insurance policy is that you can go on a spur-of-the-moment trip without even thinking about purchasing travel insurance to protect you while you’re gone. If you have an annual travel insurance policy, you can look for last-minute cruise deals and take advantage of whichever ones catch your eye.