Globelink

Globelink has covered travelers for nearly 30 years and lets you choose whether you want European-only or worldwide coverage on your annual policy. European focus costs less if that's truly all you'll visit, while worldwide policies make sense for anyone planning even one trip outside Europe during the year. Their product includes standard baggage, cancellation, and medical benefits with options to add extras like winter sports or adventure activities.

This works for travelers whose destinations might change year to year, or who aren't sure if a quick Asia trip might happen. You're not paying extra for worldwide coverage if you're certain you'll stick to Spain and Italy, but you're also not locked out if plans evolve. Globelink's long track record and modest pricing make them a sensible choice for travelers who want straightforward annual cover without excessive add-ons.