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Trip insurance quote is really low - need reality check

I contacted insuremytrip (a broker) for coverage of my three week trip to London next month. They prepared a quote from a company Travel Insurance International which is a subsidiary of Crum and Foster. The quote was really low so I am posting this to get a reality check from the experienced travel insurance buyers who use this forum.

As background: I am 70 years old, will be travelling to London and back, live in Washington State. Because my senior medicare supplement plan provides decent out of country coverage (eg, I pay $60 copay for emergency visits, $200/day copay for emergency hospitalization for up to five days and no co-pay after that; $150 copay for ambulance service) though outpatient services are my responsbility. I was looking for a policy that might provide up to $5,000 for medical expenses mainly to cover the co-pays. I am planning to purchase a one year membership in MedJetAssist for medical evacuation. I was not interested in other typical travel insurance coverage such as trip cancellation, lost/stolen luggage, missed connection....

The policy that was presented to me covered the following among several benefits:

Accident ad Sickness expense: max $10,000
Emergency Medical Evacuation: max $100,000
Lost/stolen luggage: max $750
Missed connection: max $300

The cost of this policy for the 19 days that I will be overseas is $27.00. That seems to awefully low. Am I missing something? There is a major restriction on this policy: it is only available to persons living in Kansas, Missouri, Virginia, and Washington. Is there something about these four states that I should know? I do know that many of the insurance companies that are promited by insuremytrip do not provide coverage for residents in Washington.

Crum and Foster does offer more coverages and larger maximums for higher premiums. I am quoting the LITE plan.

Thanks for your help. It seems for a price of dinner at a modest restaurant in London I can insure my trip if one ignores the $270 to be paid to MedJetAssist. Let me add that one has to carefully read what the "medical evacuation" covers in each travel insurance plan. Some will just transport you to the nearest hospital what can provide the services to treat your medical problem. In London this probably means an ambulance to the University of London Medical School Hospital. Other plans will allow a physician to designate transportation to a hospital in another city or another country; this is by phycian choice. Only MedJetAssist allows the patient client to designate to which city/country to be transported so long as the patient is stable and that the target city has a facility to treat the patient. I have read enough stories about $100,000+ trips from Europe and Asia back to the USA, and even a $60,000 trip from Minneapolis to Portland OR to convince me to get the special medical evacuation plan.

Geor(ge)

Posted by
21098 posts

I am getting a price of $21 pp for a group rate of 10 minimum through Crum & Foster division. It has a 250 k medical evac and 50 k primary medical. So your quote is not out of line, given individual coverage and your age.

Posted by
23604 posts

The premium goes seen too small. However for a similar annual policy for about the same cover, we pay $150. Since neary all insurance relating to medical and some aspects of travel is regulated state by state, it would appear that the policy is only available in those states. Whatever is covered is governed by the fine print so ready it several times. Verbal assurances over the phone have no weight.

Posted by
17343 posts

Are you not including any trip cancellation coverage? That is generally priced according to the non-refundable costs advanced for your trip ( airfare, prepaid tours, etc.), and is generally the major component of your price quote. Our trips generally have a prepaid, non-refundable cost of $2000-4500 per person, and the insurance quotes have varies between $230-$400 pp., depending on the length of trip and location.

Without any cancellation coverage maybe the $27.00 for a relatively small amount of medical coverage is standard.

Washington State is very protective of the consumer when it comes to insurance, FWIW.

Posted by
1673 posts

George, I can't see the cost as being accurate for full coverage, there's probaby something hidden in the terms and conditions. Did you fill out a questionnaire which included medical history, recent medical checkup, prescriptions etc? A family friend of ours has to pay a small fortune for travel insurance because she is on a whole slew pills.

Posted by
9109 posts

Medical/evacuation only coverage is quite cheap. $27.00 for a 19 day trip isn't out of the ordinary.

Posted by
21098 posts

But the OP does not have, or apparently want "full" coverage, just a low level Medevac plan. He already has a supplement that covers some of out-of-country medical expenses, and a separate MedJetAssist plan. This quote is in line for Crum & Foster. They apparently are aware that foreign medical costs are shockingly low by US standards. Or turn that statement around. The rest of the world finds US medical costs are shockingly high.

Posted by
1236 posts

the premium seems reasonable. You can get more quotes if you go to squaremouth.com which is similar to insuremytrip.com

If you decline coverage for the trip itself then trip insurance is usually around $50-$75 or so, it sounds like you've found an even better deal

Posted by
8176 posts

I always purchase medical insurance and medical evacuation insurance from American Express for any trip overseas. Costs for such insurance is usually modest. For example a 4 week drive tour of Wales and England coupled with a 15 day cruise back to the USA was about $50 for our trip.

I usually purchase trip cancellation insurance from the airlines when I purchase tickets. The premiums for that insurance is not as small, frequently 7-9% of the airfare.

For flights within USA and Canada, when airfare is modest, I don't normally purchase the cancellation insurance.

Posted by
7150 posts

Whether the premium is too low or not is relative. Just be sure to read the terms and conditions (the small print) carefully, especially for exclusions, pre-existing conditions, and possible deductibles.