Should I purchase a combined policy for my parents or separate individual policies as both my parents are visiting me?
The cost for both alternatives will remain the same, in other words there will be no price differential. The main disadvantages are: (a) You have to pay two renewal fees should you renew the policies. (b) It can get cumbersome to deal with different companies should you choose to buy from different insurance providers. There are however many advantages of having separate policies. They are: (a) This gives you the flexibility to buy different policies for each of them depending of the specific needs of each of your parents. You might want to have different maximum coverage’s, different deductible or […]Read more »