Definition: Holiday Insurance Annual refers to a period during which an individual takes out coverage for their family's travel during the Christmas, New Year, or Easter holidays. This can involve purchasing policies that provide financial protection against potential damage, illness, or theft while traveling outside the normal working hours. The definition of "holiday insurance annual" typically covers specific types of coverage, such as trip and trip interruption coverage, loss of income coverage, medical payments coverage, and car breakdown or roadside assistance. The duration of this policy may also vary depending on your travel needs, such as if you are traveling for a group or if it is longer than the typical Christmas period. It's worth noting that holiday insurance can be expensive, so it might be wise to factor in any possible cost savings by planning ahead and securing additional coverage options like trip and trip interruption coverage.
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