7 Ways to Save Money While Buying Visitor Insurance

Buying visitor insurance need not be an extravagant affair. Visitors should not dread about it’s cost. How is that possible? Travelers often do not read sufficient information for the purchase of visitor insurance. With the right information and a little research, you could save money while buying visitor insurance. And the good news is you can spend that extra money on more fun in your trip. Here’s how:

1.  Do not be a latecomer: Do not buy last-minute or just a day before your travel date. VisitorPlans recommends you to buy visitor insurance policy at least 5 days prior to your travel. This is for your own benefit. Buying your policy well in advance will give you enough time to print and read your insurance documents such as ID card. This avoids rushing at the last moment. Also, it is possible to get a refund in case of cancellation of insurance plan based on the conditions of the policy.
2. Know your trip: Be careful not to over-insure or under-insure yourself. Over-insuring yourself with high policy maximum calls for higher premium too and it is likely you won’t be making use of all the extra coverage. By under-insuring, which is going for an insurance plan with less benefits, will make you eventually paying more for healthcare costs in foreign land. Only you can answer how much coverage you would be needing. Take into account the type of time you will be spending (outdoors,  indoors, extreme activities or relaxed trip) at your destination. Also, research well the general healthcare costs at the destination. Speak to an experienced insurance agent, and figure out what would be best for you in terms of coverage while you visit a foreign country.
3. Don’t follow the herd: Compare different plans for what they offer versus the cost. Avoid buying visitor insurance plans from your airline/tour operator company. They may prompt you in buying your travel tickets and insurance plan in combination. These may be expensive as well as may not cover your adequately. Always purchase visitor insurance from an authorized agent or their website. Also, do not just buy a plan that your friend bought last year while visiting the same destination. Every person is unique and needs his own plans and it’s features like coverage, premium and deductible.
4. It’s also about the cost: Choosing the right deductible is a very important factor to be taken care of when you set to buy visitor insurance plan. Deductible is the amount a visitor is supposed to pay out-of-pocket before his visitor insurance plan starts paying the costs. Higher the deductible, lower the premium. Lower the deductible, higher the premium. A visitor must choose a deductible he would be readily able to afford. There are cases when people choose to go for $0 deductible but then their premium is very high. Also when they don’t use the insurance on their trip, the plan comes out to be more expensive since the deductible is $0 and the premium is exceptionally high.
5. Buy Comprehensive Coverage Insurance plans: Fixed or limited coverage plans may be low in cost but they just provide basic protection. The amount you are covered for depends on fixed charges for various medical necessities. To save yourself from financial burden of unexpected medical emergencies, always opt for Comprehensive insurance plans. For these plans, once your deductible is met, insurance companies pays with the rule of 80%-100% coinsurance. These plans may be expensive than the fixed coverage plans but are flexible and better.
6. Refundable plan sounds good: If you are unsure about the duration of your trip and after purchase of insurance plan, you want to cut short your trip, opt for a refundable plan or a plan that allows for cancellation. Some companies only allow you to cancel the plan before the effective date but there are some which provide refund on prorated basis. Before making any purchase, speak to an agent about your specific needs and save money by opting for a refundable plan.
7. Reasonable Medical Evacuation Coverage is Enough: Often people mistake medical evacuation to be a very expensive event. It is but a reasonable premium for medical evacuation coverage is fine. A visitor do not need to spend extra money just to raise million dollar evacuation coverage. Talk to a trusted agent and understand how this works.

Ask questions, be well versed even with the fine print of your insurance policy and keep the contact number of your insurance agent handy. A good agent who cares for his client would be readily available to answer each query with adequate information and help. Contact VisitorPlans to purchase your visitor insurance policy today.