Be Aware of Hidden Charges when Comparing Products
When getting a quote be aware of hidden charges that may exist. You may end up paying a lot more than you thought you would.
Be sure to ask these 4 very important questions:
Is the Plan maximum more than $2 million?
Are there any administrative fees?
Will I get a full refund for all unused days if I return early?
Am I covered if I get COVID-19?
1. Is the Plan maximum MORE than $2 million?
In 2022 there was a claim that was more than $2 million. The medical inflation rate in the US is 10-14% so it is likely there will be more claims that exceed $2 million. Some companies charge extra to provide more than $2 million of coverage.
All TIO products include at least $5 million of coverage.
2. Are there any Administrative Fees?
Some companies have administrative fees ranging from $10 to $50 for cancelling, changing dates, extending coverage, and refunds. Some do not give refunds unless you provide a doctor’s note proving you are cancelling for medical reasons. Getting a doctor’s note is inconvenient and can cost you $25-$150.
TIO does not have any administrative fees.
You may cancel for any reason and you never have to get a doctor’s note.
You may change your travel dates as often as you want.
You may extend your coverage as often as you want.
You may get a refund if you shorten your trip (as long as you have not had a claim).
3. Will I get a full refund for all unused days if I return early?
Some companies may not give refunds if you return earlier than planned. There may be limitations on how many days are refunded and you may also incur an administrative fee. You could lose hundreds of dollars. These companies expect you to give them your travel dates when you apply for coverage, often months before your trip, and then penalize you if your plans change.
TIO will refund all unused days of coverage even if it is just one day, as long as you are claim-free & there are no administrative fees.
4. Am I covered if I get COVID-19?
Most companies include coverage for COVID-19 but some companies charge an additional premium for the coverage. Some companies only include coverage if you have been vaccinated. Some companies do not cover COVID-19 if a travel advisory is in effect.
All TIO products include coverage for COVID-19.
Travellers Choice (a TIO exclusive product) has $5 million coverage even if you have not been vaccinated and the coverage remains in force even if there is travel advisory.
Travel Insurance Made Easy (a TIO exclusive product) has $5 million coverage as long as you have been vaccinated and the coverage remains in force even if there is travel advisory.
Blue Cross has $5 million of coverage if you have not been vaccinated and the coverage remains in force even if there is travel advisory.
Tugo has $10 million of coverage as long as you have been vaccinated and the coverage remains in force even if there is travel advisory.
Travel Insurance Office Inc. understands your plans may change and this is why we created the TIO Risk-Free Guarantee
You can cancel for any reason prior to travel and get a full refund. No doctor’s letter is required.
You can change your travel dates as often as necessary without penalty.
You will get a refund for all unused days of coverage (as long as you have not had a claim).
There are no hidden charges, no administrative fees, and no service charges.
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