Travel Insurance is available in a family package just like your health insurance floaters. So there are specific Travel Insurance policies which cover your entire family. A travel insurance family floater is your best bet when it comes to safeguarding your family vacation. It gives you the freedom to have a single umbrella policy which covers all your family members rather than purchasing several different policies. A group insurance policy will obviously be cheaper than buying number of policies. The premium for the family floater is dependent on the number of members to cover and the age of the eldest family member.
Another considerable benefit of a family floater policy is that the possibility of the entire family facing a tragedy is sparse. Hence the entire family can share the sum insured. So next time you plan a family vacation, make sure you cover your beloved family with a family floater Travel Insurance