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Flexicover Direct, Good to Go, Barclay's are good starting points for searching out cheap European Travel Insurance. Some insurance companies require medical statements, and that may also determine the type and kind of insurance one decides on.

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Q: Where can I find cheap European travel insurance?
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How does one find the best rates for cheap family travel insurance?

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Since you travel frequently between the U.S. and Europe, I would suggest that you do get european travel insurance. You can find resources at www.europeantravelinsurance.org/.