{"id":3707,"date":"2021-07-23T09:55:11","date_gmt":"2021-07-23T13:55:11","guid":{"rendered":"https:\/\/dev.tourmed.ca\/our-travel-insurance\/options\/deductibles-offering-a-discount-on-your-premium\/"},"modified":"2025-07-14T11:27:15","modified_gmt":"2025-07-14T15:27:15","slug":"deductibles-offering-a-discount-on-your-premium","status":"publish","type":"page","link":"https:\/\/dev.tourmed.ca\/en\/travel-insurance\/our-options\/deductibles-offering-a-discount-on-your-premium\/","title":{"rendered":"Deductibles offering a discount on your premium"},"content":{"rendered":"\t\t
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Deductibles offering a discount on your premium<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tGet a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Simply put<\/h2>\n

A deductible is an amount you are comfortable paying for in the event of a claim, in return for a discount on your premium. Our premiums are automatically presented without a deductible, but you can choose to add a deductible ranging between $250 and $10,000 CAN in order to save between 5% and 35%. Deductibles apply on a per event basis (meaning that if you claim more than once on the same policy, your deductible will be asked for each event).<\/p>\n

EXCLUSIVE TO TOUR+MED: We are the only insurer to give you the choice between \u201ctraditional\u201d and \u201chospital-care\u201d deductibles. See details below.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Does this option meet your needs?<\/h2>\n
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  • You wish to have a lower premium.<\/li>\n
  • You understand that you will need to reimburse the insurer for the amount of the deductible if a claim arises while on your trip.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    What else do you need to know?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/path><\/g><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/path>\t<\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tTraditional or Hospital-Care Deductible?<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t

    All travel insurers offer deductibles, but they are usually of the \u201ctraditional\u201d type. This means that you will be responsible for the first dollars of your claim, no matter where you are seen after a medical emergency. We offer these deductibles as well, so you can compare apples with apples.<\/p>\n

     <\/p>\n

    But hospital-care deductibles are unique to Tour+Med! As opposed to traditional deductibles, hospital-care deductibles only apply to claims that require you to be seen in a hospital*.<\/p>\n

    Advice from our experts: Knowing that 90% of insureds who contact Emergency Assistance can be seen in a clinic (where a hospital-care deductible will not apply), adding a hospital-care deductible to your policy is an efficient way to save on your premium!<\/p>\n

    * The full amount of the deductible applies as soon as an event involves your hospitalization, visit to the emergency room of a hospital, visit to an internal or external hospital clinic. The deductible also applies to land or air ambulance transportation.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/path><\/g><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/path>\t<\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/g><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tNot to be mistaken with a deductible that could be imposed by Medical Underwriting<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\t

    According to your medical history, your application could need an analysis by our medical underwriting team in order to receive a personalized offer. When making a decision, medical underwriting could impose exclusions or deductibles. Since their personalized premium already considers your specific medical record and imposed deductible, this kind of deductible will not provide any additional discount on your premium.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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