Insurance Tips for The Average Joe

How to Find Travel Insurance with Pre-Existing Conditions

If you have a serious medical condition, you will find it quite difficult to find travel insurance for this. The good thing is that you can still get travel insurance despite have a pre-existing condition, and the rates on these policies will depend much on the nature of your condition.

If a person being insured has heath problems it will pose a great risk for insurance companies since that person will possibly need medical care when traveling. In these cases, an insurance policy can exclude your condition or they will charge you are higher rate for coverage with your pre-existing condition.

What is a pre-existing condition? Any illness or disease for which you have previously been diagnosed, even if it is already cured, is a pre-existing condition. If you are exhibiting symptoms of illness, it is considered pre-existing condition even it is not diagnosed, and this impacts your travel insurance as well.

There are many types of sicknesses classified under pre-existing conditions including chronic health problems like asthma or acute disease like infections. These conditions can fall under exclusion or be grounds for a higher premium on the policy if these conditions were present prior to the issuance of the policy.

If you want to get a travel insurance policy the cheapest way, then choose one that excludes pre-existing conditions. So, if you have a pre-existing condition prior to the issuance of the policy and you opt for exclusion, then you will not be provided coverage for medical bills associated with that condition. There are some condition where this will actually be beneficial. If you are a cancer survivor then you can opt for excluding of your pre-existing condition. So even if the policy excludes cancer, it will not matter to you since you know that you will not need emergency treatment for this condition while on vacation. So, with this exclusion you don’t pay a high premium.

As we have seen in that example, you can opt for exclusion than pay for a high premium for coverage. However we cannot remove the risk factor and if you can tolerate risk, then you can go for exclusion.

You can lose your coverage if you fail to inform the insurance company of a pre-existing condition and you experience health issues while travelling. If upon examination of your medical files your pre-existing condition is discovered, then your insurance company can exclude that condition.

The pre-existing clause is contained in most standard travel insurance policies, so this provides you with a large selection of policies and prices.

In case your medical condition requires medical treatment during your travels, then you should get travel insurance coverage without exclusion. The cost is high for travel insurance without exclusion since this is high risk for insurance company and so you also need to pay a very high premium.

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