Travel insurance 101 talked about the importance of a Canadian traveller understanding their travel medical insurance policy they've purchased prior to traveling. That is the most important aspect to snowbird insurance.
But, how does one know what type of travel health insurance to purchase?
Well, the are several important Canadian associations that support the travel, snowbird and senior lifestyles; namely, the Canadian Snowbird Association and the Royal Canadian Legion. These associations make up Canada's most experienced travelers who know and understand the importance of protection.
Surveys of leading travel organization suggest that Comprehensive Coverage is the most important attribute to travel medical insurance. As noted in Travel Insurance 101, it is the quality of travel health insurance policy that you purchase. And should a Canadian traveller purchase a travel medical insurance plan that is recommended by a reputable travel group, such as the Canadian Snowbird Association or the Royal Canadian Legion, they will travel with the knowledge that they have mitigated their financial risk by purchasing a Comprehensive Policy.
The next two important criteria to consider when buying a travel insurance plan are low rates and ease of purchase. Low rates of course has to be balanced with the Travel health insurance policy's coverage. What this means is that YOU NEVER SHOULD BUY TRAVEL MEDICAL INSURANCE ON PRICE, alone.
If too cheap, you should worry about the coverage and the payment policy of the insurance company or the assistance services that support the plan. If too expensive, the company many have in the past had undervalued prices and have to make up for prior losses. An expensive plan, however, may also understand the risks associated with a particular health risk, and charge appropriately. The key here is to maintain a continued relationship with your travel insurance company. If that company offers discounts on loyalty and claims free histories, they typically better understand the health risks and price accordingly, which means they are better prepared to handle insurance claims and have sufficient reserves to pay your potential travel insurance claim. A great example of a company that understands travel health risks, prices appropriately, and offers clients discounts based on loyalty and a claim free history is Medipac Travel Insurance.
Next time we'll discuss per-existing conditions and policy terms, that while read like they cover you, actually DO NOT!
But, how does one know what type of travel health insurance to purchase?
Well, the are several important Canadian associations that support the travel, snowbird and senior lifestyles; namely, the Canadian Snowbird Association and the Royal Canadian Legion. These associations make up Canada's most experienced travelers who know and understand the importance of protection.
Surveys of leading travel organization suggest that Comprehensive Coverage is the most important attribute to travel medical insurance. As noted in Travel Insurance 101, it is the quality of travel health insurance policy that you purchase. And should a Canadian traveller purchase a travel medical insurance plan that is recommended by a reputable travel group, such as the Canadian Snowbird Association or the Royal Canadian Legion, they will travel with the knowledge that they have mitigated their financial risk by purchasing a Comprehensive Policy.
The next two important criteria to consider when buying a travel insurance plan are low rates and ease of purchase. Low rates of course has to be balanced with the Travel health insurance policy's coverage. What this means is that YOU NEVER SHOULD BUY TRAVEL MEDICAL INSURANCE ON PRICE, alone.
If too cheap, you should worry about the coverage and the payment policy of the insurance company or the assistance services that support the plan. If too expensive, the company many have in the past had undervalued prices and have to make up for prior losses. An expensive plan, however, may also understand the risks associated with a particular health risk, and charge appropriately. The key here is to maintain a continued relationship with your travel insurance company. If that company offers discounts on loyalty and claims free histories, they typically better understand the health risks and price accordingly, which means they are better prepared to handle insurance claims and have sufficient reserves to pay your potential travel insurance claim. A great example of a company that understands travel health risks, prices appropriately, and offers clients discounts based on loyalty and a claim free history is Medipac Travel Insurance.
Next time we'll discuss per-existing conditions and policy terms, that while read like they cover you, actually DO NOT!
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