Understanding the Deductible Clause in Your Policy Can Save You Money–Twice!
Every insurance policy has deductibles, and travel health insurance or travel medical insurance, as it’s sometimes called, is no exception. It’s important for you to know what the deductibles are and how much you will be expected to pay out of your own pocket; therefore make sure you look at the deductible clauses in the policies you are considering.
Does the policy you are considering pay for everything or does it have a deductible clause? Like home insurance or car insurance, many travel insurance policies require policyholders to pay a portion of the medical expenses incurred because of medical treatment. For example, if your policy has a $500 deductible clause, you will have to pay the first $500 of any claim for medical treatment costs. The health travel insurance company will pay the balance of the expenses. Of course, if your expenses are less than the $500 cited in this example, you will pay the full amount yourself. You need to find out how much the deductibles are.
The deductibles vary from company to company and from policy to policy. The easiest, most efficient way of comparing the clauses in different travel health insurance policies is to do it online. The power to do this is at your fingertips by checking out numerous online travel health insurance policies.
Use the links on this site to ensure that you find the online policy which offers you the most coverage for the best price. To find and compare policies, get price quotes and purchase a policy with the most favorable clause, visit the reliable online travel insurance providers listed on our Online Travel Insurance Companies page.
When you purchase the right policy at the right price you will be saving money, and if you should have to use your policy in an emergency resulting in medical or other costs, you will be saving money again because you will have minimized the amount of money you have to extract from your own wallet to pay for the expenses you will incur. That’s how you will save money twice!