When it comes to travelling, age does not matter as long as you are able to do so. However, when it comes to travel insurance, the age will have an impact on the cost of the premium. If you are over 65 and applying for travel insurance, brace yourself for higher fees. Senior citizens are more at risk of getting sick or injured while travelling compared to younger travellers. At the same time, insurance providers have allocated a higher risk for them which explain the higher fees paid for travel insurance.
Travel insurance for over 65 offer improved coverage and benefits than the regular policies. They are designed to address the needs of senior citizens, such as a 24-hour emergency service. Some providers even offer cash for medicines. Several insurance policies in the market today are for one way trips although some offer annual multi trip coverage. For senior citizens who are planning to travel more than two times in a year, then they should opt for multi-trips since it is the cheaper option.
Fortunately, there are a bevy of firms offering travel insurance for over 65. If you are looking for an affordable insurance policy, use online comparison tools. Likewise, it is important to carefully look at some considerations before applying for travel insurance. One criteria you need to look for is emergency medical conditions. Will the policy pay for your bills during emergency cases? Next, is the cost of your medical expenses while on foreign land covered? Finally, what are the ill-health conditions covered in the policy? The most important thing is that you should have full understanding of the policy so that you will not be surprised in case of any developments.
There are ways you can reduce the cost of travel insurance for over 65. Apply for a group insurance with other senior citizens to get a discount on your policy. Another way is to use your frequent flier points. Senior citizens applying for travel insurance should not hastily apply for a policy. They should use every means available at their disposal in order to get the best and most affordable coverage.
Are you a senior citizen applying for travel insurance? Check out this list of providers to help you find one.