This is I suppose a quite wise choice given the preferences you have. Our insurance has lower deductible than yours ($250 for coverage period (not per instance), and lower max limit ($250k). We went with this after asking digital nomads what they would choose among a series of options. We have priced and might need to consider adding a higher max limit option though, thanks for letting us know.
250 is still a figure low enough to feel compelled to keep track of all expenses in a year. And the next step is trying to get a return for that effort by declaring anything higher ;-)
I never reach 1000 / yr so I do not even think of keeping track.
But for an insurance company the human emotion part ('my insurance should cover everything') is probably where the first profit is ?
