Travel Insurance TipFor people suffering from cancer and other serious conditions, finding adequate travel insurance can be tricky. But help is at hand from specialist companies providing great cover at reasonable cost
Finding suitable travel insurance after a cancer diagnosis can be fraught with problems. The premiums quoted online often cost more than the holiday or else any claim relating to the cancer is excluded.
Action is underway that should lead to better levels of insurance and more reasonable prices for those with medical conditions. But in the meantime consumers must know where to look to avoid buying inadequate cover.
All insurers and comparison websites will soon be required to signpost consumers with preexisting conditions to specialist travel insurers, whether they have offered them a quote for cover or not. It follows an investigation into this market by the regulator - the Financial Conduct Authority.
Andrew Williams, business development manager for specialist travel insurer Free Spirit, says: "The FCA is in discussions with insurers, and changes should be coming soon, which is great news for anyone with cancer or any other serious condition who has struggled to find insurance. Cover is out there for people in this situation but it can be difficult to know how to get it."
A recent survey by consumer group Which? found that when consumers with pre-existing medical conditions apply for travel insurance, around one in five are only offered cover that excludes claims arising from their condition and one in four faced inflated premiums.
"Research by Which? highlights the importance of speaking to a specialist broker or insurer when you have cancer or other medical condition," says Sarah Page, brand manager for specialist insurer Insurancewith. “Not everyone's situation is going to fit neatly into the tick boxes on a screen when applying for cover."
Ms Page adds: “At Insurancewith we can offer one-to-one medical underwriting and policies tailored to your specific needs so the price more accurately reflects the risk. This usually makes it much more affordable, particularly for someone with cancer.”
The type of cancer you have, its stage, your treatment and your medication will all affect the premium, as will your age - with older consumers typically having to pay more, as statistically they are more likely to claim.
Your choice of destination and the duration of the trip will also have a bearing on the cost. This is because the cost of healthcare in different countries varies widely. In Spain, for example, tourists will often be directed to private clinics when they need medical attention - this can vastly inflate the cost of a claim, compared to state-funded healthcare. Healthcare in the US and Australia, for example, can also be expensive.
The delay to Brexit means holidaymakers to European Union countries can continue to use the European Health Insurance Card (known as EHIC) for now - although future arrangements are unclear. EHIC entitles you to emergency state healthcare in EU countries. But consumers should not rely on this as an alternative to travel insurance. The standards of care may be much lower than with the NHS. It also won't cover the costs of repatriation.
The majority of insurers in the market use medical screening software called Healix, although a number use a different package called Protectif. The screening will ask questions about your condition and treatment to arrive at a 'medical score' before offering a premium cost for the travel insurance. As the two screening methods are slightly different it can be worthwhile getting quotes from a range of insurers that use different screening software.
Chris Rolland, chief executive at specialist insurer AllClear, says: "Declare everything. You will be asked to provide answers to set questions relating to each medical condition to ensure the insurer gets the information it needs to offer appropriate cover."
Using a broker can be helpful as it will look across a broad spectrum of providers to find you the best cover and price for your needs. The British Insurance Brokers' Association (BIBA) website at biba. org.uk can help you find one.
For most people with cancer and serious pre-existing conditions, and even those with a terminal diagnosis, it should be possible to find cover at a reasonable cost, although in some circumstances specific and tailored underwriting may be necessary.
Fi Munro, 33, from Errol, Perthshire, was diagnosed with stage-4b ovarian cancer in January 2016. She has since written a book How Long Have I Got?, set up an award-winning blog - Live Like You are Dying - and started her own businesses teaching yoga and meditation.
Fi says: "After the diagnosis I just wanted to live my life in the way I wanted and without barriers. I love to travel, but looking around for insurance that would cover me and my cancer was so difficult.
"A medical professional recommended that I speak to Insurancewith,” she adds. “I just couldn't believe the difference in its approach - and also the cost. It was so much cheaper than the mainstream brands that I'd previously been looking at."
Fi takes out single-trip cover for each holiday. Cover for her and her husband, Ewan, for a two-week trip to France in April cost £85, for example. It is a stark contrast to the hundreds of pounds she could be charged with less specialist insurers. According to experts, it is a good idea to take out joint cover with the same insurer, even where one person in a couple does not have any preexisting medical conditions. The cost should not be any higher.
Mr Williams at Free Spirit says: "There could be complications if you need to cancel your trip due to illness, but your partner's separate insurance won't cover the cancellation."
Insurer AllClear offers Travelling companion' cover for travellers who are insured with a different provider for cancellation or curtailment as a result of the pre-existing condition of their travelling companion under AllClear. Think about purchasing travel insurance even for trips booked in the UK - because cancellation is among the main reasons for claiming on a policy for those with medical conditions.
How to Keep Premiums Down Shop Around:
Do your research and speak to different specialist insurers. A broker should be able to scour the market to find different policies to suit your needs at a reasonable price. Opt for a larger excess: By agreeing to pay a higher excess - the first part of any insurance claim that you must pay - it may be possible to lower the premium. Book holidays closer to the time of travel: If you can reduce the risk of cancellation due to ill health and can exclude cancellation cover from your insurance this should bring the premium down.
Consider changing destination and reduce length of trip: Insurance for travel to some countries will be much more expensive, so if you have not yet booked your trip talk to insurers and find out where might be cheapest. Shorter trips mean a lower risk of a claim and will bring insurance costs down.
Most insurers will ask about any treatment or prescribed medication you have taken within the last two years, or if you have been an in-or outpatient at a hospital, clinic or GP in the same time frame. It means if you had cancer three years ago, for example, but you can answer 'no' to these questions you will not need to declare the cancer and your premium should be much lower.
Cost Was Greater but Reasonable
Many holidaymakers with pre-existing conditions decide to take a gamble and travel without insurance because they feel the premium cost is unaffordable. But this is a high-risk strategy.
John Carpenter was extremely glad he had taken out annual travel insurance when he was forced to cancel a cruise he had booked for his wife Linda's birthday last year, after a lump appeared in his neck and he needed urgent chemotherapy.
John, in his early-60s, had been diagnosed with lymphoma in 2016. At that time doctors advised him to wait and see because his symptoms did not warrant immediate treatment. John and Linda, who love to travel, continued to take many holidays each year - although, due to his cancer, John now took out cover with specialist insurer AllClear, rather than buying cover through his travel agent as he always had done in the past.
“At £500 for annual worldwide cover my condition did mean a significant increase to the cost of cover," says John. "But I felt it was reasonable considering the cruise I had planned and that it included the US, renowned for its high medical costs."
The couple received a 25% refund on the cost of their £3,000 holiday from the cruise company and luckily, the terms of AllClear's cover meant that they could reclaim the remainder on their insurance, minus the £250 excess.
"We were sent an email confirming our claim had been successful within two days," says John, "and the payment was in my bank account within seven days of making the claim.”
John responded well to treatment and has stem cell therapy planned. He has been advised he is well enough to go on holiday before this treatment starts and AllClear has provided a new policy, taking into account his current medical situation. He has taken out a single trip policy for £200 for a seven-night break to Turkey.
BY JO THORNHILL
see also finance and business knowledge
8 Tip on Homeownner Insurance
1. You're a statistic
To an insurer, you're not a person; you're a set of risks. An insurer bases its premium (or its decision to insure you at all) on your "risk factors," including your occupation, who you are, what you own, and how you live.
2. Know your home's value
Before you choose a policy, it is essential to establish your home's replacement cost. A local builder can provide the best estimate.
3. Insurers differ
As with anything else you buy, what seems to be the same product can be priced differently by different companies. You can save money by comparison shopping.
4. Don't just look at price
A low price is no bargain if an insurer takes forever to service your claim. Research the insurer's record for claims service, as well as its financial stability.
5. Go beyond the basics
A basic homeowners policy may not promise to entirely replace your home.
6. Demand discounts
Americans waste money every year because they forget to ask for them!
7. Insurer isn't necessarily your friend
Your idea of fair compensation may not match that of your insurer. Your insurer's job is to restore your financially. Your job is to prove your losses so you get what you need.
8. Prepare before you have to file a claim
Keep your policy updated, and reread it before you file a claim so there are no surprise.
Choosing Life Insurance
Making a living today is a matter that many people are starting to pay attention to. With the factors of society and living conditions of human nature being shorter Life insurance is an option to prevent unexpected situations. And as a guarantee for those behind him, whether they are wives, children, or close ones, etc.
But many people are still wondering what type of life insurance they should choose to suit themselves. Which, when choosing to buy life insurance, must look at many factors as components And suit yourself Which can be divided as follows
Life insurance Low insurance premium
If the insurance buyer has to take risks or travel often Should choose the term life insurance (Term Insurance), the highlight of this type of insurance is that the insurance company will pay in the event that the insured died within the contract period. By remembering to pay indemnity to those who receive the benefits specified in the life insurance policy But in the event that the contract has expired The insured are still alive. The insured will not receive any money back from the insurance company. The duration of the contract may be specified in years. Depending on the risk, such as 1 year, 5 years, 10 years, 20 years or the age limit of the insured, such as coverage until the insured reaches 60 years etc.
Another outstanding feature is that people with debt should get this type of insurance. By providing money or benefits received to cover the amount of debt Because if the insured dies The money received from the insurance company will help repay those debts. Periodic life insurance is considered insurance for family or loved ones. In the event that you leave, you will receive a lump sum money for the people behind to not have to suffer much to carry a burden.
In the event that the buyer wants to buy life insurance is the pillar of the family Should choose life insurance (Whole life insurance), which this type of insurance provides only life insurance for the insured. The type of insurance is the same as periodic life insurance. But the coverage will last for the life of the insured, meaning that if the insured dies at any time Insurance companies will pay money or benefits equal to the sum insured to the beneficiary.
Savings or cumulative insurance
For those who like saving and increasing coverage too Should choose Endowment Insurance, similar to a deposit. This type of life insurance is the most popular. Because the insurance company will pay or benefit, even if the insured lives until the end of the contract And in the event that the insured dies before the contract expires In which if the insured lives until the end of the contract The lump sum returned is like a savings that the insurance buyer has collected. But if the insured dies within the contract period The insurance company will pay the beneficiary.
The most important thing for Choosing life insurance, it must be considered for what purpose. Since life insurance currently has many forms Which has different conditions and life protection Studying the details of each type of insurance is important. In order to be able to choose the insurance plan that suits you.
How to Get Cheap Car Insurance
Car insurance is necessary in terms of protecting yourself and others. Including car protection if damaged And most importantly, the law is compulsory for car users to have insurance act, but when having insurance class 1 or class 2, will feel sluggish to do Due to the expensive insurance price And in some years the insurance cost was lost without a claim at all throughout the year Therefore recommend How to get cheap car insurance and what to do to protect the car itself.
1. Discounts from having a good drive.
Each year, if the insured vehicle has never requested a claim in the past year Or claim but is not at fault Will get a good history discount In each year, up to 50% of the premium in the renewal year is
Step 1 Drive well in the first year, get 20% discount
Step 2 Drive well for 2 years consecutively get 30% discount.
Step 3. Drive well for 3 consecutive years. Get a 40% discount.
Step 4 Drive well from 4 years onwards. Receive 50% discount.
However, if the driver is at fault A good history discount will be reduced step by step. For example, if you have a good record of 40 percent and one mistake at a time, the discount will be reduced to 30 percent.
2. Specify the name of the driver.
Car insurance Specify the name of the driver For passenger cars, passenger cars, personal use Can choose to name not more than 2 drivers. The discount will be given according to the age range of the driver from 5 - 20%
Age range and premium discount
18/24 years 5%
25 - 35 years 10%
36 - 50 years 15%
50 years up to 20%
3. First part damage
Car insurance with the method chosen to take some risk to yourself. In the event of damage from an accident at a time This will make it possible to save a part of the insurance premiums. For example, if you choose to buy the first part of the damage by an amount of 2,000 baht, for example, then the insurance premiums will be reduced from the original 4,000 - 5,000 baht depending on the company that provides insurance. But if there is an accident And the wrong party must pay the amount of 2,000 baht / time because this money is a joint liability with the insurance company itself
4. Group discounts
In the case of 3 or more cars of the same name registered Will receive the group section.
Step Before Buying Insurance
When deciding to get life insurance Many people do not know how to start. Because too much information Or don't know how to walk to that life insurance company and what to do next Even what documents to prepare In which these doubts have been divided before buying insurance Is a simple procedure that can be done as follows.
1. The first step is to contact life insurance companies directly or through agents or brokers that they know and believe they are reliable.
2. Choose a life insurance plan that is appropriate and in accordance with their needs. Which can be chosen from the advice of staff of life insurance companies or from agents
3. Set the desired insurance limit By considering the monthly income that they receive each month And the ability to send insurance premiums according to the period specified by the insurance policy
4. When deciding the desired insurance plan Fill in details about you in the application for life insurance. By declaring the truth in all respects Especially in the medical history and answering questions correctly about health Because if the insurance company inspects that the information entered is incorrect That insurance policy will be canceled or unable to receive any benefits.
5. If the insurance agent has filled in the information The applicant will check the validity before signing the insurance application form. If the wrong information is found, such as the name of the beneficiary or the name of the insured in error, etc., hurry to complain to the company to correct it.
6. After the insurance company confirms the start of the policy Have the insured pay the life insurance premium every time Can contact to pay at the branch company or by registered mail Or via bank in case of paying through a company representative Every receipt for receipt as per the printed form of the company shall be kept as evidence.
From the above, all steps are taken since the purchase of insurance. Up to the stage of paying the premiums as scheduled Which in each step may have different conditions Depending on the rules of each type of insurance. That may have additional conditions Or requesting specific documents Therefore, before buying insurance, must carefully study information and choose to buy insurance from a trustworthy company or a trusted agent.
5 Tips to Prepare for Your Property Settlement
Haven't organised insurance yet? Get it now! It can be a risky practice to rely on the vendor's insurance cover (or lack thereof) if something happens to the property during the period from exchange to settlement. Having adequate insurance in place will give you peace of mind.
2. Keys, codes and passes
Make sure you organise who has the keys and when you can collect them from the agent or your legal representative. Also, make sure you have the alarm codes (if any) and instruction manuals. Some purchasers want to collect the keys that day from the agent; others have the keys delivered to their solicitor after settlement. By sorting out the logistics beforehand, you can enjoy your property sooner (without setting off any house alarms!).
3. Final inspection
This is probably the most important inspection you will undertake, so you should organise it during daylight hours as close as possible to settlement and really take your time with it. Has any debris been left behind? Do the fittings and fixtures remain? Are the contractual inclusions actually in place? Have the exclusions been disposed of?
4. Final Title Search
Just like a final inspection, a final title search will inform you if there have been any dealings with or new interests in the legal ownership of the property. After all, you can't buy something from someone if they don't own it. You'll also need to remove any caveat you've placed on the title to enable the change of ownership to take place.
5. Cheque directions
Your legal advisor and lender will organise the cheques on your behalf, but it's up to you to make sure the settlement amounts and payees are correct before property settlement. Also, make sure the cheques have correct spellings - incorrectly issued non-negotiable bank cheques can hold up and delay a settlement, and that's the last thing you want!