Insurance carriers usually require higher premium payments to cover high-risk individuals, which can make it difficult for seniors to obtain travel insurance coverage. Retirees are commonly categorized by insurance companies as belonging to the top tiers in terms of risk levels, and often need to pay beyond what they can afford.
This is similar to younger drivers paying larger amounts for car insurance due to inexperience – seniors pay bigger premiums due to old age and the usual health decline that comes with it, aside from the possibility of pre-existing medical conditions. Now, if seniors want to travel, and avoid or lessen the impact of accidents and other events that can happen on vacation, what can they do to find affordable travel insurance?
You can start looking for viable travel insurance policies way before you leave for your vacation. Waiting a month or less prior to the trip before looking for insurance will probably net you a policy with high payment requirements, or worse, no travel insurance at all.
Use your current insurance carrier if they have affordable travel insurance for seniors. It’s going to be more convenient to buy insurance from a company that already has your medical history and other information in their records, compared to looking for a new provider. You can also ask your provider for references if they don’t sell travel insurance coverage that fits your needs.
Canvassing rates from a number of travel insurers can give you a number of potential policies, from which you can choose the best deals. The Internet is a good way to find insurance carriers that cater specifically to seniors. You may also find insurance carriers that don’t require the disclosure of pre-existing health conditions or medical examinations.
After you’ve found a travel insurance carrier, buy a policy that covers a number of trips. It’s already hard work to find a policy – you don’t want to go through the process every time you go on vacation. Multi-trip coverage gives you insurance coverage for a number of trips with just one policy purchase and application.
Seniors typically have a harder time finding travel insurance to cover them while they travel. Even if you find one, chances are you’ll pay relatively higher rates for your policy. If you want to find the best policy that fits your needs and budget, call up a travel insurance agent or a representative from your insurance provider.
This is similar to younger drivers paying larger amounts for car insurance due to inexperience – seniors pay bigger premiums due to old age and the usual health decline that comes with it, aside from the possibility of pre-existing medical conditions. Now, if seniors want to travel, and avoid or lessen the impact of accidents and other events that can happen on vacation, what can they do to find affordable travel insurance?
You can start looking for viable travel insurance policies way before you leave for your vacation. Waiting a month or less prior to the trip before looking for insurance will probably net you a policy with high payment requirements, or worse, no travel insurance at all.
Use your current insurance carrier if they have affordable travel insurance for seniors. It’s going to be more convenient to buy insurance from a company that already has your medical history and other information in their records, compared to looking for a new provider. You can also ask your provider for references if they don’t sell travel insurance coverage that fits your needs.
Canvassing rates from a number of travel insurers can give you a number of potential policies, from which you can choose the best deals. The Internet is a good way to find insurance carriers that cater specifically to seniors. You may also find insurance carriers that don’t require the disclosure of pre-existing health conditions or medical examinations.
After you’ve found a travel insurance carrier, buy a policy that covers a number of trips. It’s already hard work to find a policy – you don’t want to go through the process every time you go on vacation. Multi-trip coverage gives you insurance coverage for a number of trips with just one policy purchase and application.
Seniors typically have a harder time finding travel insurance to cover them while they travel. Even if you find one, chances are you’ll pay relatively higher rates for your policy. If you want to find the best policy that fits your needs and budget, call up a travel insurance agent or a representative from your insurance provider.
This review was brought to you by Puritan Financial Group. Puritan Financial Group is owned by Puritan Financial Companies, based in Dallas TX. Puritan Financial Group is a leading provider of financial solutions for clients beginning in their peak earning years and continuing through retirement, helping them to accumulate, protect and transfer wealth.
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