These days, there are plenty of insurance brands that offer cover for travellers aged 70 and above, but most of these providers place certain limitations on the cover that they offer. For example, if you have a pre-existing medical condition, then you may be required to supply them with a signed medical declaration in order to get cover. The best way for you to find a cover that suits your needs is to make comparisons based on what’s available on the market.
Benefits of Travel Insurance
Although most senior citizens lead healthy lifestyles, the age factor and deteriorating health are two important factors that you need to take into consideration when traveling, in light of which travel insurance becomes a no-brainer.
The risks covered by senior travel insurance include:
- Overseas Emergency Medical Expenses – This is an essential part of any cover, and it typically includes emergency medical care, 24/7 emergency medical cover, medical repatriation, overseas hospital expenses and hospital cash allowance, as well as emergency dental cover.
- Cancellation Fees and Lost Deposits – You might encounter unforeseen obstacles that force you to cancel you travel plans, such as an unexpected illness or losing your employment. Your travel insurance cover will ensure that you’re fully reimbursed for the cancellation fees and deposits involved.
- Travel Documents – If you happen to lose important travel documents such as your passport, credit cards or traveller’s check, you’ll have a peace of mind knowing that they’re covered in your travel insurance.
- Travel Delay Expenses – Your policy will pay for any additional travel expenses that happen as the result of a delayed trip, but only if the delay is caused by situations outside of your control.
- Luggage and Personal Effects – Your cover will also pay for the repair or replacement of any lost, damaged or stolen luggage.
- Luggage Delay – If your luggage is misplaced by your travel provider, your policy will cover the cost of emergency toiletries and clothing that you’ll need to purchase in the meantime.
- Rental Vehicle Excess – Most car rental companies will charge you an excess if the car gets damaged, crashed or stolen and it’s usually quite expensive, so it’ a good thing that some insurers include this cost as part of the cover.
- Personal Liability – If you cause damage to someone’s property or their person, your insurance policy will cover the legal liability to help resolve the situation legally.
- The great news is that there are travel insurance cover options for both domestic and international travel, and there are different levels of cover for you to choose from as well, from a ‘basic’ policy that covers essentials like medical care, to ‘comprehensive’ policies that provide you with additional essentials and extras as well. If you travel a lot during the year, you can even take out what’s known as a ‘multi-trip policy’, which is basically like buying bulk insurance. This will allow you to insure all the trips you have planned for the year, or over a 12-month period.
What You Should Consider When Choosing the Best Travel Insurance Policy for Over 70s
- Keep in mind that because of your age, you may have to pay more for your policy than someone who’s younger.
- If you have good health and you are in the beginning of your 70s, you might get a better cover rate than someone whose health isn’t so good and is in their late 70s.
- Sometimes insurers charge an extra fee for seniors with certain pre-existing medical conditions.
- Check the age limit of the insurer you’re considering. Some providers only cover senior citizens of up to 70 years, while others have an age limit of 84 or 110.
- Compare different cover packages and prices from various insurers before you make a choice so that you can take out a policy that perfectly suits your needs.