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How are currency conversions calculated on claim payments?

  • Reimbursements are determined in US dollars and paid in the requested currency based on currency exchange rates as published on the date the Master Cancel coverage is originally purchased.
  • On the date the coverage is issued, the currency value is also locked in.  Any future claim will be adjudicated based on the conversion rate of the original purchase.
  • A small transaction fee may apply for electronic or ACH claims payments.
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