It’s no secret that journey insurance coverage is one factor you don’t need to low-cost out on—as free travel insurance typically isn’t enough. Let’s take this 61-year-old man who saved $765,000 in medical expenses during a trip to Boca Raton, for instance. However spending a big premium directly is usually 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 period.
*Earlier than taxes, bought not more than twelve months upfront, and no less than 30 days earlier than departure date.
How does TuGo’s Cost Plan work?
TuGo’s Cost Plan offers travellers with the flexibleness to pay their premiums over two installments: 25% is paid on the time of buy, and the remaining steadiness 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. When you bought a coverage on January 1 for a visit beginning on June 8, this is able to 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 steadiness 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 steadiness earlier than my fee due date?
To pay in your remaining steadiness upfront, you may use myTuGo or contact your dealer to finish the ultimate fee.
Unfamiliar with myTuGo? Check it out today!
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 apart from Journey Cancellation and any plans containing Journey Cancellation. TuGo applications with restricted distribution (Explorer, Optimum, Worker & Household and group coverage certificates) are excluded.
Wish to be taught extra? Head over to our Payment 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.
Protected travels,
Suki
