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Travel insurance for over 65s is hard enough to get and if you suffer from pre-existing medical conditions it can be almost impossible. However, we’ve found out how to get pensioners travel insurance even with pre-existing medical conditions.
The good news is that the insurance industry is slowly getting wise to the fact that older people and those who, for whatever reason, are not in the very best of health and have pre-existing medical conditions, still want to be able to travel. More and more specialist travel insurers are popping up, offering cover for all sorts of different kinds of medical conditions.
The bad news is that plenty of regular insurers don’t cater for specific circumstances, and if you don’t know where to find the specialists, you’ll be paying over the odds for your cover. So where do you start?
We’re not going to gloss over the facts here – the older you get, the more of a risk you to an insurer, so the more expensive your insurance policy will be. If you’re expecting to find some miracle place that’ll cover you for the same price as a perfectly fit and healthy 25 year old – it’s not going to happen.
You have to fully declare any existing medical conditions for all travel insurance policies or the policy will become void. However, there are some companies out there who won’t increase their premiums when you declare certain pre-existing medical conditions.
The Association of British Insurers and the British Insurance Brokers Association is making life easier for older customers. Now, if you’re not offered insurance cover because your age is above their upper age limits all insurance companies and insurers registered with ABI will automatically refer you to an alternative provider, or a signposting service like ‘Find a Broker’ who will be able to help you.
Here at Moneymagpie were always telling you about the benefits of using comparison sites to get the best deal – and while we do stick by that advice when it comes to travel insurance – those with very specific circumstances need to be wary.
You should think of insurance comparison sites as a price comparison, not a cover comparison. Most insurance comparison sites are primarily concerned with the price of the cover, rather than what sort of cover you’re getting.
To find the cheapest policies they make assumptions about you – that you’re fit, healthy and under a certain age. If this isn’t the case, things immediately become more complicated.
If you’re having problems getting a policy from general insurers – they think you’re too much of a risk, or they’re trying to charge you an extortionate price – you should look for a specialist insurer. Head to the British Insurance Brokers Association (BIBA) and look at their searchable database or give them a call on 0344 7700 266.
BIBA can direct you to extremely specialised brokers covering everything from cancer patients and the disabled to the over 85s. The great thing with using their service is that you will be put in touch with people who properly understand your particular condition, and who have the capability to tailor a policy to best suit your needs.
Obviously that is a service which comes at a price – it’s not going to be cheap, but they do their best to give you a competitive price when other insurers will simply refuse to cover you at all.