With so many centenarians cropping up in the news, 60 is no age at
all these days. So why do so many insurance companies seem to
discriminate against anyone over that tender age by increasing premiums
or even refusing cover at all – especially if they also have a
pre-existing medical condition?
The reason, of course, is that from the insurer’s point of view, those over the age of 60 represent a greater risk of falling ill or having an accident. The same conclusion is reached about close relatives who are not travelling with you. For these reasons, insurers take the view that medical claims and claims for cancellation because of the sudden ill-health of a close relative may be more likely.
Interestingly, though, some insurers may also have special conditions and restrictions on cover for those under the age of 16.
As the Money Saving Expert points out, however, despite any additional premium, special conditions or higher excess, over 60 travel insurance works in just the same way as cover for those of any other age.
Over 60s travel insurance
If a travel insurer is unable to meet your needs because of your age, your own pre-existing medical conditions or those of a close relative, you might be pointed in the direction of a specialist provider in arranging over 60s travel insurance.
With a specialist knowledge of the needs of such travellers, the kinds of journeys on which they go and the insurance that best suits their needs, insurance providers such as this my offer cover for the over 60s and even those with pre-existing medical conditions.
Pre-existing medical conditions
When applying for travel insurance you are almost certainly be required to complete a questionnaire about any pre-existing medical conditions. Some of the questions might relate to specific, identified illnesses and conditions, whilst others are more open-ended and put on you the onus of declaring them.
If you are looking for specialist travel insurance for the over 60s, it is more important than ever that you complete the medical questionnaire as fully, as accurately and honestly as possible. Failure to do so, might result in your insurer rejecting any subsequent claim you might make.
A pre-existing illness or condition is what is known to insurers as a “material fact”, affecting the way in which the insured risks are assessed.
Disclosure of material facts is an expression of your “utmost good faith” in making the insurance contract and is a well-established principle on which all such contracts are based.
Some insurers may continue to offer cover even if you are over 60 and also have a pre-existing medical condition – although you might either have to pay a higher premium or accept a higher excess.
With respect to cover for cancellation or curtailment of your holiday because of the sudden illness of a close relative is concerned, it is also important to note that restrictions may apply in respect of their state of health and any of their pre-existing medical conditions.
If you are in any doubt, it is clearly important to discuss your concerns with your intended insurer before cover is arranged, rather than running the risk of any claim being rejected after the event.
The reason, of course, is that from the insurer’s point of view, those over the age of 60 represent a greater risk of falling ill or having an accident. The same conclusion is reached about close relatives who are not travelling with you. For these reasons, insurers take the view that medical claims and claims for cancellation because of the sudden ill-health of a close relative may be more likely.
Interestingly, though, some insurers may also have special conditions and restrictions on cover for those under the age of 16.
As the Money Saving Expert points out, however, despite any additional premium, special conditions or higher excess, over 60 travel insurance works in just the same way as cover for those of any other age.
Over 60s travel insurance
If a travel insurer is unable to meet your needs because of your age, your own pre-existing medical conditions or those of a close relative, you might be pointed in the direction of a specialist provider in arranging over 60s travel insurance.
With a specialist knowledge of the needs of such travellers, the kinds of journeys on which they go and the insurance that best suits their needs, insurance providers such as this my offer cover for the over 60s and even those with pre-existing medical conditions.
Pre-existing medical conditions
When applying for travel insurance you are almost certainly be required to complete a questionnaire about any pre-existing medical conditions. Some of the questions might relate to specific, identified illnesses and conditions, whilst others are more open-ended and put on you the onus of declaring them.
If you are looking for specialist travel insurance for the over 60s, it is more important than ever that you complete the medical questionnaire as fully, as accurately and honestly as possible. Failure to do so, might result in your insurer rejecting any subsequent claim you might make.
A pre-existing illness or condition is what is known to insurers as a “material fact”, affecting the way in which the insured risks are assessed.
Disclosure of material facts is an expression of your “utmost good faith” in making the insurance contract and is a well-established principle on which all such contracts are based.
Some insurers may continue to offer cover even if you are over 60 and also have a pre-existing medical condition – although you might either have to pay a higher premium or accept a higher excess.
With respect to cover for cancellation or curtailment of your holiday because of the sudden illness of a close relative is concerned, it is also important to note that restrictions may apply in respect of their state of health and any of their pre-existing medical conditions.
If you are in any doubt, it is clearly important to discuss your concerns with your intended insurer before cover is arranged, rather than running the risk of any claim being rejected after the event.
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