Visitors before buying visitor insurance often wonder if it is expensive. The cost of Visitor Insurance Policy may differ plan to plan. Insurance agents before selling visitor insurance often ask the prospective visitors about their age, start and end dates of their trip, pre-existing medical conditions if any and type of their trip.
Let’s take a few examples to understand how certain factors affect the cost of visitor insurance i.e. the amount of premium visitors are supposed to pay:
1. A person who is 30 years of age usually would pay less premium than a 65 years old person. This is because with age health conditions may deteriorate, thereby increasing the need for medical attention.
2. A person who will be participating in extreme sports such as scuba diving or bungee jumping or cross country skiing is likely to purchase coverage for unforeseen medical conditions that may arise while performing these sports. Definitely his need for coverage is different from the person who is mostly indoors and spending quiet time with family.
3. Insurance company charges premium on per day basis. The cost of visitor insurance is naturally influenced by the duration of the trip because premium calculation is based on the number of days of the trip. Therefore, premium for 6 month trip will be higher than premium for a 15-days trip.
4. Visitors who have previously suffered with conditions like diabetes, blood pressure, asthma, heart-ailments etc. would need coverage to cover the acute onset of such pre-existing conditions too. Usually visitor insurance is meant to cover any new sickness or injury or accident, therefore there are few plans that cover acute onset of pre-existing conditions but some plans may charge it separately as an add-on. For complete details, please check insurance policy.
These examples clearly show the premium for visitor insurance is different for visitors based on the following factors-
Premium must always be based on your individual need as a visitor. Start with comparing plans that offer similar coverage well suited to your requirements. In case of questions about deductibles, the right policy maximum for you and premiums, call MCIS today. Our friendly and expert agents would answer all your questions and help you select the right insurance plan.
Category: Visitor Insurance
November 04, 2015 at 08:59 PM