If you have satisfied your policy's deductible in the original coverage period and decide to extend the policy, the deductible will not need to be satisfied again, until the maximum coverage period comes to pass. That being said, if the policy expires, you cannot extend the same policy and will need to purchase a new policy, for which a new policy maximum and deductible would apply. If there is an elapsed period of time between your previous period of coverage and a new period of coverage, you will need to purchase a new policy, and a new deductible would apply.
Depending on the policy you purchase, the deductibles for travel medical insurance plans are applicable one time in a policy period, or once per-incident. For comprehensive coverage policies, it is a one-time deductible and for limited coverage plans, a deductible applies for each individual sickness or injury.
Does a new deductible per policy period or annunal deductible apply if I renew my existing policy?
Answer provided by a licensed Insurance advisorLicensed U.S. Insurance Specialist at VisitorsCoverage
Disclaimer: Information is for general purposes and updated regularly based on provider guidelines. For binding terms, review your specific Policy Brochure.
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