Senior Travel Insurance: An Overview
People don't usually find the time to travel the world until they retire from work and start receiving their pension. Although the quality of living has generally improved, affordable travel insurance plans specially arranged for senior travellers are few and far between.
What is a senior travel insurance?
In a nutshell, it's a type of travel insurance with a premium and coverage designed for travellers in the 65 above age bracket. Insurance providers usually have a fixed rate for individuals aged 18 to 64, while older travellers aged 65 and above are required to pay higher premiums.
How frustrating to be turned down just because you happen to be 65 (not like it's something you can prevent). Thankfully some providers offer reasonably priced travel insurance plans to senior travellers.
Compared to other types of insurance, however, senior travel insurance is relatively more pricey. On the brighter side, seniors can access a number of benefits not normally provided by standard travel insurance programs including a comprehensive travel medical insurance coverage.
Will a senior travel insurance cover pre-existing medical conditions?
If statistics were to be believed, you have more opportunities to make a medical claim when you're older and with a pre-existing medical condition like diabetes or hypertension. To ensure your claim remains valid, truthfully disclose your medical history. Your provider must know every piece of information about your pre-existing conditions.
Are there travel insurance alternatives for seniors?
Travellers aged 65 and above can certainly get a multi-trip travel insurance if they intend to take multiple trips in a year. This travel insurance program is convenient in just about any aspect. For one, seniors need not go through the hassle of applying for insurance for every trip. There's only one application process and you will receive coverage for all your trips in that year.
You also have the option to include other types of coverage such as lost luggage and delayed, cancelled or interrupted trips. Some extra payment may be in order but none so great as to impair your budget.