Travel Medical Insurance - Choose Your Deductible and Policy Maximum

Author: Ken Vandiver

Flexibility when purchasing a good travel medical insurance policy is one of the benefits you should look for when deciding which plan to get. When you are able to select the deductible you are comfortable with, usually from $0 to $2,500 and you can also choose the policy maximum you want, this will normally vary from $50,000 to $2,000,000, you have control of how much you will have to spend to get the protection you and your family deserve. So always look for this feature when considering which travel medical insurance policy to get for your trip or vacation.

Let's take a look at why being able to select the deductible and policy is important to you. Since the cost of travel medical insurance depends on a number of factors, number of people insured, ages, length of coverage, the deductible and the policy maximum, being able to select the deductible and policy maximum is extremely important to you.

Since I have already given you an example of the available options for deductibles and maximums for a good travel medical insurance policy above let's take a close look now and see how these options can affect your premiums. We'll use as an example 2 travelers, ages 36 and 33, traveling for 14 days and selecting a deductible of $0 and a policy maximum of $500,000. From this we will look at the premiums for various deductibles and policy maximums.

Deductible of $0 and policy maximum of $50,000 - premium is $33.25. Policy maximum of $100,000 - premium is $38.50. Policy maximum of $500,000 - premium is $52.50. Policy maximum of $1,000,000 - premium is $59.50. Policy maximum of $2,000,000 - premium is $77.00.

Deductible of $100 and policy maximum of $50,000 - premium is $29.26. Policy maximum of $100,000 - premium is $33.88. Policy maximum of $500,000 - premium is $46.20. Policy maximum of $1,000,000 - premium is $52.36. Policy maximum of $2,000,000 - premium is $67.76.

Deductible of $250 and policy maximum of $50,000 - premium is $26.60. Policy maximum of $100,000 - premium is $30.80. Policy maximum of $500,000 - premium is $42.00. Policy maximum of $1,000,000 - premium is $47.60. Policy maximum of $2,000,000 - premium is $61.60.

Deductible of $500 and policy maximum of $50,000 - premium is $23.94. Policy maximum of $100,000 - premium is $27.72. Policy maximum of $500,000 - premium is $37.80. Policy maximum of $1,000,000 - premium is $42.84. Policy maximum of $2,000,000 - premium is $55.44.

Deductible of $1000 and policy maximum of $50,000 - premium is $21.28. Policy maximum of $100,000 - premium is $24.64. Policy maximum of $500,000 - premium is $33.60. Policy maximum of $1,000,000 - premium is $38.08. Policy maximum of $2,000,000 - premium is $49.28.

Deductible of $2500 and policy maximum of $50,000 - premium is $18.62. Policy maximum of $100,000 - premium is $21.56. Policy maximum of $500,000 - premium is $29.40. Policy maximum of $1,000,000 - premium is $33.32. Policy maximum of $2,000,000 - premium is $43.12.

What do all of these various premiums and policy maximums mean to you? Choice, the freedom to choose the deductible and policy maximum your are comfortable with. If you are comfortable with a deductible of $2500 then you will be able to get your travel medical insurance policy for the lowest cost but if you would rather have a $0 deductible then do it because the cost of your policy is still not high at all. So to sum it up the ability to choose the deductible you are comfortable with and the policy maximum you want are important when you are purchasing a good Travel Medical Insurance policy, always look for this option. You can find out how to get your travel insurance on-line at http://www.globaltravelcoverage.com or contact the agent there using their contact form.

Thank you for your time and I hope that you read more of my articles in the future.

Article Source: http://www.articlesbase.com/insurance-articles/travel-medical-insurance-choose-your-deductible-and-policy-maximum-3409912.html

About the Author

To learn more about Travel Medical Insurance, you can get help here www.globaltravelcoverage.com.