How to Avoid Being Left Stranded with International Health Insurance
Being diagnosed with a medical condition is tough enough on its own, but imagine finding out that your international health insurance policy won’t cover the cost of treatment. This nightmare scenario is exactly what happened to one unlucky insured who was denied coverage for bowel cancer due to the insurer claiming it was a pre-existing condition. So, how can you avoid being left stranded by your insurance policy?
Check the Policy Wording on Pre-Existing Conditions
Before you buy an international health insurance policy, it’s important to carefully review the policy wording. Look for any restrictions on pre-existing conditions, including those conditions you couldn’t have known about. Some policies may not cover any pre-existing conditions at all, while others may have more favorable language.
Choose Insurers That Act in Good Faith
Insurance policies are supposed to be governed by the utmost of good faith between all parties involved. Unfortunately, not all insurers uphold this principle. Look for insurers that have a reputation for acting in good faith, both in their policy language and in their claims handling.
Recommendations for Fair Pre-Existing Conditions Policies
If you’re looking for international health insurance policies that have fair pre-existing conditions policy wording, we recommend two options: IMG Europe and Morgan White. These policies will give you peace of mind knowing that you won’t be left stranded if you’re diagnosed with a medical condition.
Learn from the Past
In the aftermath of the San Francisco earthquake, American insurers found ways to weasel out of paying claims. One British insurer, however, sent a famous one-line telegram to his claims adjusters: “Pay all claims!” This insurer went on to corner the market in property insurance in the USA, proving that acting in good faith can be a wise business strategy.
Don’t Get Caught Out
Don’t let yourself be caught out by an international health insurance policy with unfair pre-existing conditions wording. Do your research, choose a reputable insurer, and review the policy language carefully before you buy. With the right policy, you can rest assured that you’ll be covered when you need it most.
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