Policy Maximum (also known as the coverage limit, maximum limit, maximum coverage or policy limit) is the maximum amount the insurance company may be willing to pay for services covered by the policyholder’s insurance plan. Depending on the policy, the Policy Maximum may be applicable to a single incident, an entire year, or the insured’s policy lifetime.

The Policy Maximum a person should choose may depend on several factors such as:

• The type of travel plans- If the trip involves more strenuous activities, a higher policy maximum may be the best option to cover any unforeseen medical illnesses or accidents.
• The age of the traveler- Insurance plans may limit the amount an insured person in a specific age group (usually 70+) can have in terms of coverage. Eldery travelers tend to be limited at about $50k policy maximum, depending on the plan.
• The cost of the plan- The higher policy maximum chosen, the higher the premium will be. Depending on how much a traveler has budgeted for travel insurance, it can impact how much coverage a person can afford.
• Length of trip- If a traveler will be traveling for longer periods of time, it's advisable to get a higher policy maximum to cover the cost of any new sickness or injuries that may occur on their long journey.

Ensure the amount you're choosing will cover you for any unexpected situations and allow you to travel with peace of mind.

NOTE: The Policy Maximum is the outer limit of the insurance company's liability for covered expenses only. Not all treatment and services will be covered up to the Policy Maximum. All applicable limits and/or exclusions will apply.

The Pre-Existing Condition Policy Maximum is the maximum amount the insurance company may be willing to pay for treatment and services the policyholder receives pertaining to their existing medical conditions.

The Pre-existing condition policy maximum is per injury/sickness. After the pre-existing condition policy maximum is met, the policyholder will be responsible for any remaining medical expenses for treatment and services related to their pre-existing condition.

The Pre-Existing Condition Deductible is the amount the policyholder is responsible for paying before the insurance company begins to pay for any pre-existing covered expenses. The pre-existing deductible is per injury/sickness.

For example: if you purchase a plan with a USD $1,500 deductible and incur USD $5,000 in pre-existing condition expenses, the insurance company will begin to reimburse for expenses as per the policy MINUS the deductible on the policy. The pre-existing deductible needs to be fully met each time a policyholder utilizes the pre-existing condition coverage per injury/sickness.