Travel insurance for over 70s

As you get older, holiday insurance prices start to escalate for a number of reasons.

Insurance premiums are worked out according to claims statistics. And the over 70s are statistically more likely to put in a claim for medical treatment or cancellation of a holiday because of ill health.

As a result, prices are often higher than they would be for younger travellers. However, travel insurance policies for older people usually come with additional cover for emergencies and medical treatment, so your money will be well spent should something go wrong.

Just remember that all companies differ on what they offer and have different rules around price and age. That’s why it’s important to read the small print before simply opting for the cheapest policy.

Many insurers impose an upper limit of 79 – often those over 80 can find they are turned down for holidays insurance altogether.

To ensure you’re covered should anything go wrong, you’ll need to do some research and compare insurers to find one that is willing to offer cover to those aged 80 and over.

Fortunately, there are a number of providers who offer holiday insurance for the over 80s – your policy may cost a little more, but compare carefully and you can find insurance that features additional benefits not usually included in policies for younger travellers, such as extra emergency and medical cover.

You should never ignore important health conditions when buying insurance.

You have to declare any pre-existing medical conditions you have to your insurance provider. Even if you consider a condition to be minor, not declaring it could lead to your policy being invalidated – meaning you could be severely out of pocket if you fall ill.

Insurance providers have the right to request to see your medical records, so be honest from the start.

Some providers may refuse to offer you cover due to certain conditions. But don't give up: there are many specialist providers out there who will. Looking into pre-existing medical cover may also make it easier for you to find the right policy.

How long will I be covered for?

Many insurance companies will impose a cap on the amount of time you can spend in one country; this is generally 30 days. Even spending a day longer than the amount specified could invalidate your policy, so make sure you double check

With several types of policy on offer, finding the right policy for you comes down to a few key considerations.

You will have to decide whether you want to go for a single-trip or annual policy. If you are just planning one holiday this year, the former will give you cover for that one trip.

An annual policy, on the other hand, will cover you for multiple trips over the course of a year and is often more cost-effective than booking separate travel insurance every time you go away.

You will also have to decide whether you want European or worldwide cover. While this sounds straightforward, you will find discrepancies between insurers on what they consider to be “Europe”. Turkey and Egypt, for example, are covered by some European policies, but not by others. So double check whether you need to purchase worldwide insurance.

Choosing the right level of cover for you is vital for your peace of mind when travelling away.

As noted before, some policies for the over 70s come with additional protection for things like medical expenses. However, as a general guide, you should consider a policy with the following minimum levels of cover:

• £2million for medical expenses
  
• £1million personal liability
• £3,000 cancellation (or enough to cover the total cost of your holiday if more than this)
• £1,500 baggage
• £250 for cash
• Policy excesses under £100
• If you are not travelling on an ATOL-protected holiday, cover for scheduled airline failure or end supplier failure (as appropriate)
• Delay cover

Check the small print

It's essential to check the terms and conditions of your travel insurance by reading the policy small print.

You should, for example, check that the excess – the amount you would have to pay towards any claim – is reasonable and affordable.

How to get the best deal

Do your homework and compare policies online to find the best possible deal, as insurers and policies vary. Remember, the cheapest policy may not always be the right one for you.

Who regulates us?

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Moneysupermarket.com Limited is an appointed representative of MONY Group, which is authorised and regulated by the Financial Conduct Authority (FCA FRN 303190).

TravelSupermarket Limited (FCA FRN 953671) is an appointed representative of MONY Group plc, which is authorised and regulated by the Financial Conduct Authority (FCA FRN 303190). MONY Group Financial Holdings Limited, registered in England No. 3157344.