Best Travel insurance for over 70s
What travel insurance plan would you suggest for individuals aged 70 and older? If you’re thinking about a dream holiday on a different continent or an excursion in a new state, it’s a good idea to set yourself up for the twists and turns. One way to do that is to get a reliable travel insurance policy.
A strong travel insurance policy packages together important benefits that can help safeguard your getaway investment if unforeseen events and delays disrupt your travel plans.
The best senior travel insurance policies come with a generous travel medical expense allowance and coverage for pre-existing medical conditions, at a cost-effective price. We will list the top travel insurance policies that we evaluated in order to help you discover the best senior travel insurance policies.
How Much Does Senior Travel Insurance Cost?
$420 per trip is the average value of senior travel insurance, based on the latest updates from many insurances’ companies.
Travellers ages, length of your trip and entire trip cost are factors that play a major part in your estimated cost for travel insurance.
According to the most recent data, seniors can expect to pay around 8% to 10% of the trip cost for travel insurance. Please keep in mind that you’re insuring only the parts of the trip that you booked, and they’re non-refundable.
What to look for in the Best Senior Travel Insurance before heading to your dream destination.
With health issues, senior holidaymakers tend to have that more than younger travellers, so superior medical and evacuation coverage is very important for keeping a peaceful mind.
Medical Coverage is around $150,000 per person
From ambulance bill to prescription medicine, hospitalization and x-rays diagnosis tests. Travel medical insurance can pay for everything. Which means senior travellers must look for a better and higher level of coverage to help avoid expenses adding up quickly in an outrageous amount.
Around $250,000 in Medical Evacuation Coverage
Medical evacuation coverage will surely pay for a better hospital if you need an urgent medevac. Medical evacuation insurance can be very useful to get a modern and better medical facility for your treatment.
For example, in some countries like Italy in rural areas, clinics don’t have the modern equipments to handle sudden cardiac issues. In addition, the travel insurance company’s emergency will provide a professional emergency team that can arrange for a quick medevac transportation.
Pre-existing Medical Conditions Coverage
You will have to double-check and see if your plan offers a pre-existing medical condition exclusion waiver. It is very important to remove exclusions for conditions that you already have before. As soon as your first trip deposit, you should buy a travel insurance plan in order to get the waiver, keep the time range between two and three weeks.
The travel insurance company will not provide coverage for medical conditions you were diagnosed with 60 to 180 days before the start of the trip, without the waiver. (This look-back time period is determined by the provider.)
Can you add ‘Cancel for Any Reason’ Travel Insurance for over 70s?
Travel insurance policies include problems such as illness, injury, and severe weather in their lists of allowable reasons for travel cancellation claims. To be on the safe side, it’s better to have an extra level of flexibility. Some popular insurance companies plan offers a “cancel for any reason” upgrade.
75% of the trip costs Is the amount of reimbursement if you cancel for any reason listed in their base policy, so buying this upgrade will be a very smart idea. Here is an example: if you find out that your grandson’s graduation is going to be happening while you are, you have the option to make a cancellation for any reason insurance claim. This upgrade will add an average of 50% to travel insurance costs.
Considering an Annual Plan is a significant move
Annual travel insurance plan will be a good choice, especially when you are retired and have all the time you will be planning to take multiple trips in a year. This policy allows you to cover all your trips in one go. This will be an excellent idea as it will save a lot of your time and hustle every time you want to go see a new place, and it is more affordable than buying separate policies every year.