The main difference between using a broker and going direct to an insurance carrier for coverage is that a broker doesn’t work for the carrier and so can honestly tell you the good and the bad about any particular plan or rider.
In addition, if a broker represents multiple carriers like we do, they can tell you about other plans or a product that might fit your needs better or at a better price. So we can do the work for you which is especially important if you have a young family, have a pre-existing medical condition, are relocating to a region without as much medical care,…You can’t expect a carrier to know that, or do that for you.
In addition, most of our staff have lived and worked overseas so we know what you need — and more importantly, what you don’t — Rather than an agent trying to sell you a series of upgrades, additional coverages, yet has never been out of the country, or used his insurance himself!
SERVICE AND ANSWERS
Using a broker saves a lot of time. Because a broker can pre-qualify you, they can save you time from going to each carrier yourself for quotes, and filling out multiple applications with all the same questions. They’ll also know ahead of time which will fit you better, or save you money, so you don’t have to discover that the hard way through trial and error.
Another huge benefit of having a broker is when filing a claim or when you have a question. Getting help is much easier when you have someone working for you that knows you and can be an advocate as well as advise you when filing a claim. We take away some of those headaches when, and if, you need insurance (but we always hope you don’t!).
The good news is that it does not cost you any extra to use an agent or broker versus going directly to an insurance carrier! There is no surcharge, and you pay exactly the same price if you went directly to the company since that carrier pays the broker the commission their internal sales agent would have received. You never pay an extra penny for using an agent.
Most of our clients are always looking for better, or cheaper options. We understand that. So at renewal, we are always asking if there is a better plan, or option. However, we also know which insurance companies have had problems, are slow to respond, or are difficult to work with and we avoid those companies. So while there may be a better or cheaper option out there on the internet, be careful. Some of them may not be all that they promise. They may not be there when you need them most. We have seen this time and again when a client listens to someone online offering unbelievably low prices on overseas health insurance. We know because we are always looking for the best carriers and the best rates/benefit packages for our clients. But we also make our carriers stand behind their promises. Or we stop sell their plans.
So how else do agents help?
Well, usually an agent is the representative of just one company, so expect them to know those plans well. A broker that represents multiple carriers should be able to direct you to a carrier and plan based on a few questions and your specific needs. A good agent should also help you understand the insurance plan and what is included and not included. He should build a personal relationship with you or at least take the time to be able to advise you, something large companies cannot do because of the volume of their business. If he is a good agent, his focus will be on service, and he makes an effort to be available for you.
SUMMARY: So why use a broker for international health insurance?
A broker represents you, the client, and not a specific company.
A broker, because he has contact with many companies, can offer you a wider variety of products to help you find the best plan for your specific needs and budget.
A broker saves you time by having you fill out one application, rather than having to do it over and over.
A broker is also a client if they are widely traveled themselves – They use and trust certain products themselves for a reason.
A broker knows which companies are better and more responsive when handling your claims – “Because insurance doesn’t have to be expensive, it just has to be good.”
Good Neighbor Insurance is a broker, contracted with approximately ten different international health insurance companies. We have a large array of insurance plans to offer you and the expertise you can trust whether going on vacation or relocating overseas . See all of our plans by going to our corporate web site: www.gninsurance.com.
For more, see our About GNI pages at: http://www.gninsurance.com/good-neighbor-insurance-purpose/
We work on keeping all information on this site relevant, and free from error.
The information and advice on this website was deemed accurate when it was originally published. GNI cannot accept any responsibility or liability for any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. For the latest up-to-date information please call us or check brochures and other published materials for latest revision/date.
ical evacuation, repatriation of remains, emergency reunion, terrorism cover, lost luggage, and many other benefits
- This international travel insurance policy is for vacations, business trips, extreme sports trips, cruises, and long term / residential coverage overseas
- Available for up to one year and then may re-apply
- Owned by HCC Insurance Holdings Inc (NYSE: HCC) and reinsurer is Lloyd’s of London
- As of 4.1.2015 – For under age 70, coverage for sudden and unexpected onset of pre-existing conditions, is to the policy limit selected
- Current policy holder: please click here to extend coverage or to get ID card
Unlimited medical and evacuation coverage
- Travel insurance policy coverage per day up to 12 months and longer
- Political evacuation in case of epidemic, war, rioting, martial law, terrorism, or other acts where the U.S. St. Department or British Foreign Office (FCO) encourages citizens to immediately leave the country.
- Most dangerous sports and occupations are covered
- Additional non-medical option and trip cancellation option also if desired
- 100% coverage for emergency treatment and medical evacuation
- Willing to make direct payments to any hospital worldwide
- Free coverage for children under the age of two
- For non-U.S. and non-Canadian residents traveling anywhere incl. the U.S. or Canada
- Covers worldwide outside policy holder country of residence
- Coverage in all risk and war zones (a loading may apply).
- No deductible and no co-insurance
unlimited trips overseas for a year, Up to 70 days per trip outside of the U.S.A.
- Requires you have a primary health insurance plan
- Covers pre-existing medical conditions for medical services and medical evacuation
- Choice of two plans: Choice and Essential
- Covers U.S. residents outside of the U.S.
- The trip must originate from the U.S.
- Automatically covers act of terrorism
- For ages 84 or younger
- Underwritten by HM Life Insurance Company which is rated A- (Excellent) by A.M. Best Company
Coverage period from 30 days to 6 months for non-contact sports
- Medical coverage combined with evacuation coverage of $50,000
- Deductible of $250
- Coverage for U.S. citizens traveling outside the U.S.
- Non U.S. citizens traveling outside their country of citizenship with coverage to also include the U.S.
- May include Trip Cancellation coverage as an added benefit