Customers are saving money by taking out the insurance, the firm has indicated.
New research showing that most travellers opt for multi-trip insurance highlights a positive trend among consumers, American Express suggested today.
The credit card firm issued the comments in the wake of a study from travel insurers Trip Advisor, which found that 69 percent of travellers are looking to buy multi-trip over single-trip cover over the next 12 months. This means that they will be able to insure themselves on holiday for the next year just once, rather than having to take out individual protection each time they travel.
Trip Advisor's research also highlighted an encouraging level of customer take-up for travel insurance as a whole, with 85 percent covering themselves prior to setting off.
Commenting, head of American Express Insurance Services Chris Rolland said: "With so many cheap flights and last minute holiday deals available to Britons, taking a mini-break is all the more appealing. However if people are planning to go away more than once this year, it is far more cost effective to buy an annual insurance policy than numerous single trip products, giving them peace of mind all year round."
He added: "We understand that holiday costs can add up, but by investing in annual travel insurance, Brits will save in the long run and be free to enjoy several breaks throughout the year."
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