Travelling is one of the most commonly seen hobbies. Many people are into it. It can be exciting to see and explore new places. People travel to other countries, states, and areas for business, personal, and recreation. Then many people travel for fun as a hobby. But with traveling and going into unfamiliar territories and terrains, there are also many risks.
There are potential risks of getting ill, meeting with an accident, or catching a disease. While we cannot control or predict what will happen in the future, we can be safe and prepared for it by getting travel insurance. While there is no doubt regarding travel insurance, there is still a lot of confusion regarding travel insurance for people with pre-existing conditions.
In the current times, travelling with proper insurance is indeed the need of the hour which everyone should take seriously anyhow.
Insuring with Pre-existing medical conditions
Many think their policies cover the medical expenses caused by pre-existing conditions. That is not true at all. A standard travel insurance policy will only apply to a person with a pre-existing condition if they meet the stability requirements of the policy. Ez Financial is a rare insurance company that provides insurance for many pre-existing conditions.
What are Stability clauses?
Suppose a person with any pre-existing medical condition applies for standard travel insurance. In that case, it will only get approved if they can prove that their medical condition is stable for a specific period before the trip. The period of stability differs in each policy, but it can be anything from ninety days to one year before the departure date.
Criteria in the Stability Period
The applicant who has a pre-existing condition must go through this stability period to get the insurance coverage fully. If there is a variation in that condition during this period, that pre-existing condition will not be included in the policy. You must remember that a standard travel insurance policy considers even minor changes like changing or starting a new medication, consulting a doctor, diagnosing a new condition, etc.
Related medical conditions
If you have decided not to include a pre-existing condition and go on a trip, there can still be complications in the claim. During the journey, if a medical emergency happens to you that might be related to or linked to the excluded pre-existing conduction, you might not be able to claim insurance for its treatment.
Personalized travel insurances
If you don’t meet the stability clause and can’t wait for your medical condition to be stable before going on that trip, personalized insurance, which is tailor-made for each individual, will be best for you. Another option is taking a risk and going with the standard plan without the coverage for the pre-existing condition. But that is a considerable financial risk. In the case of a personalized travel insurance policy, the insurance id is determined based on each applicant’s health and medical history, age, and medical conditions separately. They have no stability cause and will include pre-existing conditions also.
The applicant must fully disclose every condition when applying for the policy. Just like a standard policy, if the applicant’s conditions are eligible for coverage, they will be covered, including the pre-existing ones. Since in a personalized policy, you will not be grouped with other policyholders based on age, trip duration, and health condition, the policy cost may not necessarily be significantly higher than the standard ones. However, there are many exceptions too.
Ez Financial is an insurance company in Brampton that provides varieties of Life insurance, health insurance, travel insurance, and services in mortgage and investments. They are widely tested for their quality service.
Choose Ez Financial for your travel insurance needs and enjoy immense benefits. Their strong team with extensive knowledge in the insurance field will take care of your travel insurance needs. The company has a variety of plans from which you can choose. They offer coverage of up to 50,00,000 and cover many kinds of medical emergencies.
A standout feature is insurance coverage for pre-existing conditions after evaluating age, medical condition, travel duration, etc. They also provided insurance coverage for death, serious injuries, and lost or damaged baggage. There are also optional policies that allow coverage for rentals, sports activities, etc.
Conclusion
It’s always better to be safe regarding your health and finances. A wrong decision can cause a substantial financial backlash when it comes to travel insurance. Always choose the best Insurance companies like EZ Financial, which have the experience and knowledge to select the best kind of insurance for you and provide top-quality service. Enjoy your vacations or business trips with the security of travel insurance from a trusted and reputed company like Ez Financial.
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