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.
However, they are still useful as a starting point. If you put your details into one or more of them you can get an idea of prices, which will be helpful further down the line so you know whether or not you’re getting a good deal. So put your details in our travel insurance comparison here that we run with gocompare.com and see what comes out
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 0870 950 1790.
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.
Believe it or not for almost every eventuality, some insurer out there somewhere will be able to provide cover for you. Moneymagpie spoke to BIBA who told us that in the past they’ve found insurance for a quadriplegic man to travel overseas and go down a crystal run in a bobsleigh!
Here at Moneymagpie we like AllClear. We’ve picked them out for a number of reasons:
- They have a clear and helpful website which explains everything in plain English, and includes a really handy set of FAQs to answer any queries you might have.
- As long as you have permission to fly from your doctor, they’ll be able to cover you for just about any medical condition or disability when most insurers will refuse.
- They provide cover for cancer patients who are still receiving treatment.
- They’re fairer to older people. Most insurance companies group people in to age ranges – say 65-70 for instance – for calculating risk and therefore the cost of premiums. That means that the 65 year olds pay more than necessary because they have to shoulder the risk of the 70 year olds. AllClear don’t so this – they gradually increase the cost year by year instead – a much fairer method.
Visit the AllClear website to find out more and get a quote.
We were also very impressed by Goodtogoinsurance as they specialise in travel insurance specifically for over 65 year olds. In fact, they can provide cover to travellers of any age, whether they are over 65, 70 or even 90. Their website is very informative and easy to use, so make sure you check them out.
- It doesn’t always follow that travel insurance policies specifically designed for the over 60s are the cheapest – so don’t dismiss regular policies without checking them out first.
- There’s always a lot of competition between insurers, so (within reason) you can get bartering.
- You should remember to warn your insurer of any medical condition which arises once your policy has been taken out. If you don’t, your cover may be invalid.
- If you take a long-haul holiday two or three times a year, an annual travel insurance policy is likely to work out cheaper, particularly if it doesn’t increase its premiums for your pre-existing medical condition.
- Be aware that premiums for travel to the USA or Canada are always higher because of the extremely high cost of medical treatment in North America.
- Remember that while it’s always nice to get a bargain, cheapest is not always best, so make sure you check your policy carefully to see if it covers every eventuality
- If you injure yourself while under the influence of drink or drugs, your policy is unlikely to pay up.
- If you’re pregnant, you might not be covered for any complications that arise, and there will be a cut off date.
- Medical expenses and personal accidents caused as a result of war are also excluded in many policies.
- You won’t get cover if you’ve been advised against travelling or you’re within the last two months of pregnancy.
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