Created by: Rebecca Goodman | 3 July 2019

How to cut the cost of travel insurance if you have pre-existing medical conditions

If you’ve just booked your summer holiday, the next step is to make sure you have travel insurance to cover you if you fall ill or you need to cancel. There are hundreds of different policies available but if you have pre-existing medical conditions you could be faced with a big bill. However, you don’t have to pay over the odds and there are ways you can cut the cost.

Always declare existing medical conditions

The most important thing when you’re buying insurance is to make sure you have told the insurer about any medical conditions you already have. 

If you fail to do this and then need to claim on the policy it may be invalidated and you’ll be left with a hefty medical bill you will need to pay yourself.

You may need a specialist insurer

Depending on your existing medical condition, you may need to take out a travel insurance policy from a specialist insurer. 

Look at the policies on offer from mainstream providers first. Using a comparison website is a quick and easy way to do this. Then if there are no suitable policies, or the prices you’re being quoted are too high, look at specialist companies, such as Staysure.

If you’re still having no luck you can contact the British Insurance Brokers’ Association. It can help you to find a suitable policy for your holiday.

A single policy may be cheaper for you

An annual travel insurance policy will cover all of your trips within a year and is usually the most cost effective way to buy travel insurance.

However, if you’re being quoted sky-high prices, you may be better off buying a single insurance policy which will just cover you for one trip.

Check the price of both before you buy to make sure you’re getting the best price available. 

Always check the small print 

No one wants to spend their spare time scanning the small print of an insurance document but it could save you a lot of money in the long run if you need to claim.

If your taking part in certain activities which aren’t covered - going out on a jet ski, for example - you need to know about these before you set off. 

Similarly, holidays taking place on a cruise ship aren’t usually covered by standard insurance and you’ll need a specialist policy for one.

Should you get insurance?

In some cases, if you have a serious illness and the price for insurance is extortionately expensive, it might be tempting not to buy a policy. However, insurance covers you for a range of different things. Not only will it include your medical costs, if you fall ill or have an accident and need treatment, it will also cover you if you have items lost, stolen or damaged - or if the holiday company you’ve booked through has gone bust.

If you don’t have insurance, not only will you not be covered for any of the above, if you fall ill you won’t be covered for repatriation to the UK. This means you will need to pay for medical treatment and the cost of getting home yourself - which could run into the hundreds of thousands of pounds depending on your trip.

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