It’s no secret that journey insurance coverage is one factor you don’t wish to low cost out on—as free journey insurance coverage sometimes 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 could be a burden for some, particularly as trip-related prices add up through the reserving course of. That’s why we’re proud to introduce TuGo’s Fee Plan, a versatile cost possibility that enables travellers with premiums over $1000* to unfold the price of their protection over an extended time period.
*Earlier than taxes, bought not more than 12 months upfront, and not less than 30 days earlier than departure date.
How does TuGo’s Fee Plan work?
TuGo’s Fee Plan gives travellers with the pliability 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 cost 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 Fee Plan works. For those who bought a coverage on January 1 for a visit beginning on June 8, this could be your cost 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 cost due date?
To pay to your remaining stability upfront, you may use myTuGo or contact your dealer to finish the ultimate cost.
Unfamiliar with myTuGo? Test it out at this time!
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 benefit from TuGo’s versatile Fee Plan:
- Emergency Medical Insurance coverage**
- Guests to Canada Insurance coverage
- Scholar Insurance coverage
**Together with Non-Medical plans apart from Journey Cancellation and any plans containing Journey Cancellation. TuGo packages with restricted distribution (Explorer, Optimum, Worker & Household and group coverage certificates) are excluded.
Wish to study extra? Head over to our Fee Plan FAQs.
TuGo goals to proceed providing travellers appropriate choices to fulfill 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 dwelling.
Secure travels,
Suki
