It can be a challenge to find travel insurance for someone with a pre-existing condition especially if it is considered relatively serious. 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.
The risk for insurance companies is greater if the person being insured has a health issues since they are most likely to need medical care when traveling. This makes the insurance company either exclude the condition or they charge a higher rate for providing the coverage.
Let us first define what pre-existing condition means. Any illness or disease for which you have previously been diagnosed, even if it is already cured, is a pre-existing condition. Furthermore, if you have symptoms of an illness, even if it has not been diagnosed, can be considered a pre-existing condition when you are buying travel insurance.
Pre-existing conditions includes chronic health problems like asthma or acute diseases such as infections. Either these conditions are excluded from coverage or the insurance company will charge you a higher premium on the policy if these conditions were present before the issuance of the policy.
If you choose travel insurance that excludes pre-existing conditions, then you get a cheaper travel insurance policy. This means that the policy will not provide coverage for medical bills associated with a condition that was diagnosed prior to the issuance of the policy. This can be fine depending on the nature of your condition. A good example of saving on your travel insurance if you have a pre-existing condition is if you are a cancer survivor. You are very sure that you will not need emergency treatment due to this condition so you can take a policy that excludes cancer from coverage. This way you don’t pay high premiums on the policy because of this pre-existing condition.
This shows us that it depends on the status of your pre-existing condition whether it is best to opt for exclusion or not. 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.
You have a large selection of policies and prices if you have a medical condition since the pre-existing clause is found in almost any standard travel insurance policy.
You only buy travel insurance that offers coverage without exclusion if your health condition will really require medical treatment during your travels. 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.