A simples guide

Travel Insurance for over 60s

By the time you reach the age of 60, you might be just starting to wind down for retirement – you can see that gleaming light at the end of the work tunnel. So what better way to practise for your retirement than with a lovely holiday? We can’t think of any.

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Does travel Insurance for over 60s suit your needs?

Whether it’s an adventure across Europe or a 5-star helping of sun, sea, and sand in the Bahamas, most holidaymakers opt for travel insurance to protect them against any mishaps. For those aged between 18 and 64, policies usually carry a similar price tag, while those over 65 may have to cough up a bit more. For fresh-faced over 60s with pre-existing medical conditions however, there are still a few things that need to be taken into consideration when it comes to travel insurance. 

Travel insurance label on suitcase
Luggage

Will I be covered if I have a pre-existing medical condition?

The short answer is that it’s certainly possible. Though it depends on what your pre-existing medical condition is, as well as the insurer in question. Travel insurance for over 60s with pre-existing medical conditions may cost you more, because you’re considered more likely to make a claim.

It’s vital that you declare any pre-existing medical conditions when you apply for your over 60s travel insurance. This includes any treatment and surgery you’ve had, conditions you take medication for now, and serious conditions such as cancer, strokes, or heart disease that you’ve had in the past (no matter how long ago). If you don’t make your insurer aware of these then you won’t be adequately covered, which could result in hefty overseas medical bills if your health takes a turn for the worse.

What factors can affect the cost of my travel insurance policy?

Like any type of insurance, travel insurance for over 60s can be a complicated business. While it’s important to find something that hits the spot pricewise, it’s equally as important to find something that covers you in every eventuality – whether you lose your luggage, or need a lengthy hospital stay.

There are a variety of factors that go into calculating the cost of your insurance, and they vary from provider to provider. The main ones however are:

Pre-existing medical conditions: the more serious it is, the more it’ll affect your premium. For example someone with heart disease will almost certainly pay more for travel insurance than someone with asthma.

Your chosen destination: it’s usually cheaper to get travel insurance for over 60s if you’re headed to Europe, but less so if you’re jetting further afield to places like the US, Canada, or the Caribbean. The reason being that medical care is generally much pricier in those areas.

- The length of your trip: from the insurer’s point of view the longer you’re away, the more there’s a chance of something going wrong.

Compare travel insurance at comparethemarket.com

With a roundup of first-rate policies from some of the best insurance providers in the biz, comparethemarket.com is a great place to find your over 60s travel insurance. Start a quote today – it’s simple, speedy, and completely free.

 

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