Le Lézard
Classified in: Tourism and vacations, Business
Subject: SCZ

Seniors and Travel Insurance: What You Need to Know Before You Buy

ST. PETERSBURG, Fla., April 24, 2019 /PRNewswire/ -- The number of senior travelers insuring their trips is at an all-time high, increasing by 28% in the past year, according to data from travel insurance comparison site, Squaremouth. With more travelers choosing to spend their golden years abroad, Squaremouth shares 4 travel insurance buying tips for seniors.

Determine Your Coverage Needs
When shopping for a policy, travelers should first decide how much coverage they need for their trip. Medicare does not provide coverage outside the U.S., so for many seniors, the most important travel insurance benefits are Emergency Medical, which can pay travelers back for their medical costs while abroad, and Medical Evacuation and Repatriation, which can transport travelers to the hospital in an emergency or transport remains home.

Travelers can also get their trip costs back if they need to cancel or end a trip early due to a sickness, injury, or if a family member passes away unexpectedly.

Pick The Least Expensive Policy
Unlike many other types of insurance, when it comes to travel insurance, a higher price tag doesn't necessarily mean better service or better benefits. Policy premiums are based on the traveler's age, trip length, and trip cost, and insurance providers price their products to be appealing to the demographic the particular product is aiming for.

For example, some policies are designed to appeal to seniors and may be less expensive for that age group, while other policies may be marketed toward students and will be lower in price for younger travelers. The best way for travelers to find the least expensive policy that fits their needs is by shopping around and using a third-party comparison site, such as Squaremouth.com, to compare premiums and coverages.

Consider A Pre-Existing Condition Waiver
Senior travelers should pay attention to Pre-Existing Condition coverage. Pre-existing medical conditions are always excluded by travel insurance, unless travelers get the Pre-Existing condition waiver. This waiver is not an additional cost, however, it's only available during the first 14-21 days after the traveler made their first trip deposit, depending on the policy. Additionally, some policies require travelers to insure 100% of the trip cost to be eligible for the waiver.

Purchase Coverage Early
Travel insurance can be purchased up to a day before you leave for your trip, but a policy will only cover unexpected situations and travelers who are fit to travel. Squaremouth recommends getting a policy as early as possible in order to have coverage in case something happens before the trip begins.

For example, if a doctor advises against travel before a policy is purchased, a new travel insurance policy will not cover you. However, if the traveler already had a policy in place, their claim can be paid in full. 

Travelers who purchase a policy within the first two weeks of their trip deposit date may also be eligible for additional, time-sensitive benefits, such as Cancel For Any Reason, Pre-Existing Condition and Financial Default.

Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth's comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com

Available Topic Expert:
Jenna Hummer

SOURCE Squaremouth

These press releases may also interest you

at 00:09
Tuesday 02/06/2020 LOTTO MAX estimated jackpot $15 millions LottoMax MAIN Draw 08, 14, 16, 17, 29, 41 & 42 Bonus 47 POKER LOTTO Winning Hand: 5-D, 3-C, Q-S, 10-C, A-S. Legend: C = CLUB, H = HEART, S = SPADE, D = DIAMOND J = JACK, Q = QUEEN, K = KING,...

2 jun 2020
Great Canadian Gaming Corporation   ("GCGC" or the "Company") announced today that the Toronto Stock Exchange (the "TSX") has accepted the notice of GCGC's intention to commence a normal course issuer bid (the "NCIB") of the 5.25% Senior Unsecured...

2 jun 2020
Maestro PMS will host live free 1-hour webinars Tuesday, June 16, 2020 at 1pm ET and June 17 at 11am ET. Maestro users will learn what mobile, online and touchless tools are available in the Maestro PMS system that support an overall property...

2 jun 2020
The Bahamas Ministry of Tourism & Aviation, along with the Tourism Readiness and Recovery Committee, a group comprised of public and private sector partners, announced today a collaborative plan for re-opening the country's borders and tourism...

2 jun 2020
Las Vegas Sands Corp. today announced that its majority owned subsidiary, Sands China Ltd. ("Sands China"), has priced $800 million of 3.800% senior notes due 2026 and $700 million of 4.375% senior notes due 2030. The offering is expected to close...

2 jun 2020
MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer, Inc. (together, the "Issuers"), consolidated subsidiaries of MGM Growth Properties LLC (the "Company"), have priced $800 million in aggregate principal amount of 4.625% senior...

News published on 24 april 2019 at 15:05 and distributed by: