How Does Age Affect Travel Insurance Rates?
Let’s make one thing clear: advanced age should not deter your thirst for travel and exploring the world. If you are over 80 years old, there is no stopping you from going to your preferred destination. However, many precautions should be taken into consideration. Everyone knows that there are risks involved when we travel, and this is true for a person regardless of their age. However, it is especially crucial for men and women from 85–89 years of age to get security and protection while travelling.
Unfortunately, older travellers find it more challenging to get holiday travel insurance because age is a determining factor for some insurance companies. They are not willing to offer travel insurance for over 80 years of age. If you are over 80, do not despair. There are many excellent insurance companies who offer comprehensive coverage for ages 80–89 years old.
Some of the best insurance companies, however, understand the needs of older people and offer comprehensive policies for travellers who fall within this age bracket. For one thing, many of these insurance companies understand the likelihood that there are pre-existing medical conditions involved in this type of insurance. That is why unlike regular holiday travel insurance, these special travel insurance for people over 80 cover pre-existing medical conditions. Be sure to read the policy well in order to find out what pre-existing medical condition actually means. Some conditions covered by most policies include arthritis, insulin resistance, macular degenerative disease, Bell’s palsy, deafness, diabetes, hypertension, high cholesterol, and many more.
An excellent comprehensive coverage will also cover emergency medical and repatriation, dental treatment, hospital confinement, cancellation, travel delay, and catastrophe. The rates for over-80 travel insurance may be a little steeper than the usual travel policy, but they do get a lot more for their money. To save money, consider getting a place-specific travel policy. For instance, if you only plan to travel around Europe, get a Europe-only policy, which is considerably cheaper than getting a worldwide travel policy.
It is important for over-80-year-olds to make sure that they are not excluded from travel insurance eligibility. Although many insurance companies want to serve the over-80 market, there are just some conditions that they will not cover such as if the person had an organ transplant or is awaiting one, if you will require oxygen therapy while travelling, and if your physician has declared a terminal prognosis on your health and given less than 24 months to live.
Although age does affect travel insurance rates, especially for travel insurance for over 80 years old travellers, getting comprehensive insurance is important, if not more important for people who are around this age. Although travel insurance for over 80 years old cost more than the usual policy, they do come with features that will greatly benefit older travellers, particularly extra medical coverage and emergency repatriation. If you are over 80, there is no stopping you from exploring this great big world. Choose the best coverage for your money’s worth.
