It’s an unfortunate fact of life that once we hit 65 travel insurance becomes that bit more expensive. Yet that doesn’t mean you can’t root out a good deal.
In this guide we take you through what types of travel insurance over 65s can get, what difficulties you might face, and the essential factors to bear in mind when comparing policies.
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What types of travel insurance can over 65s get?
- Single Trip. Covers you for a one-off holiday. If you don’t plan on travelling again within the next year, then this could be the cheaper option.
- Annual Cover. You tell the insurer which regions you’d like the insurance to cover for 12 months, and then you’re sorted for multi-trips in the year.
- Pair or Group. Book an insurance policy for a travel companion or several of you. Some providers offer discounts for large groups
- Winter or water sports. Given the extra risk of injury, you obviously pay extra on the upfront cost of the insurance. However it might be worth the peace of mind when you’re taking on the elements.
What does travel insurance for over 65s cover?
Typically travel insurance for over 65s will include all the usual benefits of a standard policy. Cover for possessions, cancellations, legal costs and repatriation.
Yet some over 65 policies might go above and beyond the usual travel insurance. While getting old means the providers charge you more, some policies will give you greater cover for medical and health needs as well. For instance:
- Added treatment cover. An over 65s policy might offer more financial cover for emergency medical bills.
- Medication. Should you lose your medication while away, your insurance might help you pay for the cost of replacing your medicine. Likewise with medical equipment like wheelchairs.
- Return for treatment. Should you need to rush home, because a space has opened up on a surgery waiting list for instance, the insurance could cover you ending your holiday early and heading home.
What can impact the cost of my travel insurance?
- Pre-existing medical conditions. From heart and respiratory problems to diabetes, pre-existing conditions will unfortunately increase your insurance premium. However don’t hide them. If anything were to happen you wouldn’t be covered.
- Trip length. The longer your trip the more you’re likely to pay.
- Destination. Factors like the healthcare system in your destination country and how much it would cost to repatriate you mean costs can vary.
- Activities. Anyone planning activities like skiing, surfing, hiking or scuba diving might need to get extra cover.
I have pre-existing medical conditions. What are my options?
If you have a pre-existing condition don’t fret, you can still get over 65s travel insurance. Though not all providers will offer it and it will cost more, it’s crucial you tell your insurer about your pre-existing medical condition. Should anything happen, your insurance most likely wouldn’t cover any of your fees and costs.
So, if you have a pre-existing medical condition, be prepared to answer the following questions before getting a quote:
- Have you had a serious problem such as heart or respiratory problems, diabetes or cancer?
- Whether you’ve seen your doctor about it in the past year.
- If you have an upcoming surgery for your condition.
- Whether you’re awaiting results of a test.
Common exclusions from over 65s travel insurance
- Undeclared items. Some insurance companies might require you to list expensive belongings. If you don’t, then you may not get any money to help replace or fix any lost or broken items.
- Undeclared activities. It’s crucial you get winter or water sport cover if you’re planning on doing either of these. Fail to tell the insurance provider and you may have to foot the bill should you get hurt or lose a valuable item.
- Alcohol and drug use. Depending on how strict the insurance provider is, you may not be covered for an injury if you’ve had even a drop of alcohol.
- Reckless behaviour. Even if you’re sober, should you hurt yourself or lose or damage your items while acting recklessly, then you may not be covered.
Tips on getting cheaper travel insurance
While you have to pay more for travel insurance now you’re over 65, it doesn’t have to be extortionate. In fact, there are a few ways you can keep the costs down and save that money for a bottle of fine wine or a meal out.
- Buy online. Airline and travel agents can add commission fees. So cut out the middlemen and shop online. It’s faster and lets you compare several quotes in a matter of minutes.
- Pay for what you need. If you know you won’t be skiing or scuba diving, then don’t pay any extra insurance to cover them.
- Adjust your excess. Many insurers let you vary the excess payable if you end up making a claim. Yet, bear in mind that you’ll need to foot more of the bill should anything happen.
- Discounts. There are plenty of discounts and deals online. From online promo and coupon codes to multi-policy discounts, these could be a way to reduce the cost.
- Joint policies. Travelling with a friend or a relative? Getting a joint insurance policy can help cut the costs.
- Group policy. Some providers can offer special discounts if you get travel insurance as a large group.