Whether you’re traveling overseas on business or vacation, having visitor medical insurance is a must. Indeed without travel insurance you run the risk of being without the wherewithal to cover medical bills should something happen to you. There are plenty of insurance companies offering international coverage and policy premiums range from the reasonably cheap to the ridiculously expensive. Naturally, those about to head off into the wide-blue yonder, look for travel insurance that is not going to cost an arm and a leg. There are, fortunately, various ways to save money on visitor medical insurance without putting yourself at risk.
Prior to searching for the ideal coverage, get yourself a full physical. Make sure you don’t have any endemic illness that could flare up while you’re sunning yourself on a tropical island beach. It is advisable to have this check-up regardless of how you feel. With a clean-bill-of-health from a reputable doctor, you’re free to search for a money-saving travel insurance policy. As mentioned above, there are a slew of companies offering all kinds of wonderful insurance packages. It is advisable to review policies offered by reliable, well known companies – avoid obscure insurance companies that offer travel insurance packages that appear too good to be true, often they are, in fact, too good to be true.
The majority of insurance companies require you to cover part of any insurance claim, this is known as the deductible, before settling the rest of the claim. With this in mind, search for the lowest deductible available – it is important, however, not to sacrifice too much coverage in order to save a few dollars. The amount of the deductible sometimes depends on where you intend traveling. If, for example, you’re planning on taking a trip to a country that is considered dangerous, then you’re going to be hit with a higher deductible than if you were going to travel to a “safer” country. It is therefore important to give serious consideration to the amount you can afford to pay. Many insurance companies offer various deductible packages to choose from; some as low as $100.00.
There are other travel insurance policies that you could look into, that offer limited coverage. For example, you are able to save money by only purchasing a policy that covers accidents or injury; likewise a policy that only covers illness. If you are in excellent health and are traveling to, one of the aforementioned ‘safe countries’ for a short vacation, taking out travel insurance that only covers accidents will save you a great deal of money. The policy however, could have limited coverage; meaning you may not be covered if you decide to experience some dangerous activity.
There are also visitor medical insurance policies that will cover you in the advent you miss a connecting flight through no fault of your own. Although you will probably have to pay a little more, having this type of policy will save you losing money and time rescheduling and wasting money waiting in airport bars or restaurants. These types of policies, more often than not, have extension options which allow you to change your coverage duration time in accordance with changes in your travel plans, once again saving you unnecessary expenses. There is usually a “hot-line” that you are able to call 24 hours per day, 7 days per week.
No doubt, there are many other money saving ideas for visitor medical insurance and you can find these other ideas by searching the Internet, calling insurance companies and discussing with friends.
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