It’s no secret that trying to obtain affordable travel insurance when over 75 is considerably difficult, especially if you have any pre-existing medical conditions. Although insurers consider older travellers more “riskier” medically wise than they would say, a 25 year old; striking figures suggest that they could indeed be missing out on big business.

For instance there are roughly 11.7 million Britons in retirement, which accounts for nearly a quarter of the population. Furthermore, of these, 11% are still in employment and maintain fit and healthy lifestyles’. Therefore, the question of why older travellers must pay higher premiums has to be raised. Instead of simply turning away everyone over a certain age threshold, application processes should be much more personal - ensuring that the applicant is getting the fairest consideration.

As the market stands though this isn’t generally the case, and older travellers will have to try a little harder to find a good deal on their insurance policy - for the most part the internet is an invaluable tool in this task.

For those of you that do bother with travel insurance, (and many don’t!) the level of cover you have may not be adequate for your needs; for this reason it is vital that you have a rough idea of how much cover you require.

As a rule of thumb allow ? million for medical cover, ? million for liability, ?,000 for cancellation and ?,500 for baggage. As stated these figures are just intended as a rough guide and the amount you require and what you actually receive will vary considerably depending on a number of factors.

The key determining factor with older applicants is their current health condition and as frustrating as it is, a great deal of insurers won’t even consider an application from someone with any medical conditions; others however will, but hike up the premium considerably. On the flipside there are insures that specialise in cover for older travellers and even some of the popular names offer competitive deals.

As mentioned, the key to getting a cheap travel insurance quote really is to compare travel insurance online. Also, it’s vital that you do not lie on any part of your travel insurance application as any savings you may make on your premium will be irrelevant if any future claim is deemed misleading and therefore invalid.

Liam_Gerken

Tags: cheap travel insurance, travel insurance

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