Investing in a right insurance plan could be very tough especially when you have a market which is flooded with so many options to explore. Also, a right insurance plan needs to be providing you with a full cover over all the medical emergencies and any other kind of loss or damage made to you or your property during your visits. However, the benefits of the insurance plan entirely depend on the choice of insurance which you get for your foreign visit. So, before you make your decision to buy a Visitor Insurance plan, let us quickly go through the types of insurance plan you can buy.
The Limited Coverage Plan
The first type of visitor insurance you can buy is a limited coverage plan which is also recognized as fixed coverage or schedule benefit plans. Some of the significant features of this type of insurance could be the low cost of the plan with limited services or coverage which are defined in the policy. However, this policy allows you to visit any doctor, but payments must be completed based on the defined clauses after deducting the part of the amount payable by you. So, limited coverage plan could get you the basic protection which sometimes may not justify your need. Also, it may get you to pay fewer costs, but coverage of the plan could be limited.
The second type of insurance plan which you may avail is the comprehensive coverage policy. The best part of investing in comprehensive plans is the flexible coverage you get with the plan. These plans have deductibles. Once the patient meets the deductible, the rest is covered by the insurance company up to the maximum limit of the plan. Some of the key features of this plan include enhanced coverage with more protection with a higher cost to be paid than limited coverage plans.
So, if you are looking forward to buying an insurance plan for your foreign visit, it is necessary that you must consider giving some time to study the above two types of plans. As experts recommendation, investing in a comprehensive Visitor Health Insurance plan is always a good deal because your health & safety are something where you should never compromise. All the best!