If you have a family and often go on vacations together, it can become rather expensive to purchase insurance for each person. That's why family travel insurance exists. Instead of purchasing many single policies you only have to purchase one family policy to cover everyone.

Family travel insurance acts like group insurance, in the sense that it is like buying insurance in bulk. Anytime you buy in bulk you save money, and it's no different with travel insurance. Purchasing a family insurance policy costs less than if you buy a single policy for each member of the family.