Older holidaymakers may be paying too much for travel insurance, but they are being warned that they should not go on holidays without taking out the necessary travel insurance.
The British Insurance Brokers' Association (BIBA) warned that people aged 65 and older risk being turned down for 30 of the 140 travel insurance policies that are available. When they turn 70, they will only qualify for 35 of these travel insurance policies.
The BIBA also found that travel insurance is more expensive for older travellers, as travel insurance providers believe they make more and bigger travel insurance claims than younger travellers.
Claims made by older holidaymakers, in particular claims for medical problems, can be "more severe", says Peter Staddon, head of technical services at the BIBA.
He urged older holidaymakers to always attempt to arrange travel insurance before they go on a trip, as it is "as important as their suitcase".
Mr Staddon advised those older than 65 to consult an insurance broker to help them choose travel insurance. He says an insurance broker will save the holidaymaker time and money by doing the shopping around.
Older people urged to take out travel insurance
Insurance Quote Line
0845 108 0505
Older people urged to take out travel insurance
Mon, 24 Oct 2005
Recommended links
Over 50s insurance informationCompare Over 50s travel insurance
Older people's holidays spoilt by ageist insurance companies
| insurances news |
|---|
| People over-estimating cost of life insurance, warns expert - Thu, 28 Aug 2008 |
| Islamic insurance may attract non-muslims - Wed, 27 Aug 2008 |
| Pet mad Brits insure animals rather than themselves - Fri, 22 Aug 2008 |
| More News |
Protect Your Health
Find Critical illness, Life and Private Medical Insurance PMI policies.
Home Insurance
Get the best home insurance deal and learn how to minimise the risk of household burglary.
Car Insurances
Find the cheapest Car Insurance quote in the UK and get tips to help reduce your premiums.