It’s no secret that journey insurance coverage is one factor you don’t need to low-cost out on—as free journey insurance coverage usually isn’t sufficient. Let’s take this 61-year-old man who saved $765,000 in medical bills throughout a visit to Boca Raton, for instance. However spending a big premium without delay generally is a burden for some, particularly as trip-related prices add up throughout the reserving course of. That’s why we’re proud to introduce TuGo’s Cost Plan, a versatile fee possibility that permits travellers with premiums over $1000* to unfold the price of their protection over an extended time frame.
*Earlier than taxes, bought not more than one year prematurely, and at the very least 30 days earlier than departure date.
How does TuGo’s Cost Plan work?
TuGo’s Cost Plan supplies travellers with the flexibleness to pay their premiums over two installments: 25% is paid on the time of buy, and the remaining stability is mechanically charged to the bank card on file 7 days earlier than the efficient date of the coverage.
In the course of the journey of your fee plan, you’ll be notified of profitable, upcoming, and failed funds main as much as the efficient date of the coverage.
Let’s check out an instance of how the Cost Plan works. Should you bought a coverage on January 1 for a visit beginning on June 8, this could be your fee schedule:
- On January 1, 25% of your premium is paid.
- On June 1 (7 days earlier than the efficient date), the remaining stability is mechanically charged to your bank card on file.
- On June 8, your coverage takes impact and protection begins.
How do I pay for my remaining stability earlier than my fee due date?
To pay on your remaining stability prematurely, you need to use myTuGo or contact your dealer to finish the ultimate fee.
Unfamiliar with myTuGo? Test it out as we speak!
How do I do know if I’m eligible?
Travellers with one of many following insurance policies with a premium of $1000 or extra can reap the benefits of TuGo’s versatile Cost Plan:
- Emergency Medical Insurance coverage**
- Guests to Canada Insurance coverage
- Pupil Insurance coverage
**Together with Non-Medical plans aside from Journey Cancellation and any plans containing Journey Cancellation. TuGo packages with restricted distribution (Explorer, Optimum, Worker & Household and group coverage certificates) are excluded.
Need to study extra? Head over to our Cost Plan FAQs.
TuGo goals to proceed providing travellers appropriate choices to satisfy their particular person wants, together with extra monetary flexibility, in hopes to make sure travellers have the safety they want whereas they’re away from residence.
Secure travels,
Suki
