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  • FIRST POST
    • Wanttotravel
    • By Wanttotravel 12th Mar 17, 11:44 AM
    • 1Posts
    • 0Thanks
    Wanttotravel
    Travel Insurance for Medical Issues
    • #1
    • 12th Mar 17, 11:44 AM
    Travel Insurance for Medical Issues 12th Mar 17 at 11:44 AM
    Has anyone come across Open Travel Insurance, would appreciate feedback as looks too good to be true! £185 for Annual Cover, anywhere with no medical screening. Designed for 50's and retired specifically WI members. Thanks
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 12th Mar 17, 12:10 PM
    • 23,498 Posts
    • 10,775 Thanks
    jonesMUFCforever
    • #2
    • 12th Mar 17, 12:10 PM
    • #2
    • 12th Mar 17, 12:10 PM
    It would depend if you have any medical conditions.
    I certainly would not trust them if I had a pre condition.
    What goes around - comes around
    give lots and you will always receive lots
    • ThinkingOutLoud
    • By ThinkingOutLoud 13th Mar 17, 5:42 AM
    • 497 Posts
    • 290 Thanks
    ThinkingOutLoud
    • #3
    • 13th Mar 17, 5:42 AM
    • #3
    • 13th Mar 17, 5:42 AM
    It would depend if you have any medical conditions.
    I certainly would not trust them if I had a pre condition.
    Originally posted by jonesMUFCforever
    Why is that?
    I am just thinking out loud - nothing I say should be relied upon!
    I do however reserve the right to be correct by accident.
    • ThinkingOutLoud
    • By ThinkingOutLoud 13th Mar 17, 6:11 AM
    • 497 Posts
    • 290 Thanks
    ThinkingOutLoud
    • #4
    • 13th Mar 17, 6:11 AM
    • #4
    • 13th Mar 17, 6:11 AM
    This is quite interesting and they have adopted an unusual approach to age and pre-existing medical conditions. It also runs as a"scheme" with a fixed annual renewal date. However, all three are approaches that have been tried and used before. How suitable they are depends in part on you.

    Firstly - "Pre-existing medical conditions are covered as long as members are fit to travel and not terminally ill" = this means your doctor must declare you fit to travel. This is the crux of things and translates amongst other things to "Existing medical conditions are covered provided under control and stable as respects condition treatment" and every claim can mean that fitness to travel has to be proven. If you are not "fit to travel" today or at some future point - then your cover won't operate until you are declared so by your doctor ... which may mean the cover becomes pointless once health deteriorates as you age.

    Secondly, with a fixed anniversary and auto-renewal - you can stay in the scheme so long as you like up to 79. But, join part way through the year and the first premium applies to your partial year of cover only, before renewal is due.

    Thirdly, flat premiums across the age range when premiums are usually hiked reflects the idea of a scheme you stay in long term - loyalty saving them on marketing / customer churn and over time they hope to recruit and keep those members who are fit to travel and so better risks.

    Finally, there are other things as with all policies to consider - the sums insured, the requirement to use an EHIC or whatever that becomes and the detailed exclusions. The unlimited trips and long cover periods may be attractive to retirees with funds.

    So they are regulated, but the proof of this WI pie will be in the eating over time. If you can make the health declaration statement of a typical insurer and are under 65 - cover is available for way less than this for Europe and quite a bit less for Worldwide.
    Last edited by ThinkingOutLoud; 13-03-2017 at 6:13 AM.
    I am just thinking out loud - nothing I say should be relied upon!
    I do however reserve the right to be correct by accident.
    • scottishf
    • By scottishf 14th Mar 17, 8:14 AM
    • 1,162 Posts
    • 440 Thanks
    scottishf
    • #5
    • 14th Mar 17, 8:14 AM
    • #5
    • 14th Mar 17, 8:14 AM
    id be interested in thoughts on this too...
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