And with many of us being lucky enough to go on more than one trip a year, annual holiday insurance often seems like a clever and cheaper option. After looking at more than 1,100 annual travel policies, only 13% provide winter sports cover as standard and 79% offer it as an option, Defaqto data revealed. Again, 9% of single trip travel insurance do not cover a winter sports trip at all. Anna-Marie Duthie, a Defaqto travel insurance expert said travel insurance should also be bought at the time of booking the holiday to make sure you're covered straight away. While most annual travel products include cover for cancellation as standard, 65% provide no cover for scheduled airline failure and 62% do not provide cover for financial failure.