Holidays are fun. Planning them, going on them, and enjoying yourself are all great parts of a holiday. Worrying about travel insurance is not fun. In fact, it can be incredibly annoying. There are so many different kinds of jargon and industry terms that it can be hard to understand what they are even talking about. You do not want to waste your money on some things that you do not need. You are looking into insurance to save money and reduce stress on your holiday. If you are looking through complex insurance forms, you might be doing the exact opposite. Figuring out what sort of plan you will need depends on a few things: where you are going, what you are doing, any pre-existing conditions, and how old you are. The insurance itself essentially comes in two different varieties: annual and single-trip. Which is right for you depends on your specific needs.
If You’re Going on a Cruise
You might not realise it, but going on a cruise has some of the most-strict insurance requirements. Insurers tend to treat cruises as special kinds of holidays that are covered differently.
Travel insurance is assessed much like automobile insurance. Essentially, an insurer seeks to keep as much of your money as possible while paying out as little as possible. So, if you are more likely to make an insurance claim, then you’ll be charged more. Well, cruises add an extra wrinkle. You could be in one of many different ports while you’re on your cruise. Or, even worse, you could be at sea.
When making their calculations, insurance companies consider the possibility that you will need medical attention while you are at sea. That means you might have to be flown from the cruise ship to a nearby port of call to receive medical treatment. The flight from the ship to land would be incredibly expensive and because of that added expense, insurers tend to charge extra for cruise insurance.
Even if you were to require medical attention while on shore, you might be in a jurisdiction that does not recognise certain kinds of insurance. That could get incredibly pricey as well, so they just charge everyone extra for cruises. That being said, one should truly get insurance, especially if they are over 65. It simply means that you should make sure when you purchase your insurance that cruises are covered.
As stated earlier, insurance companies charge based on how likely they think you are to make a claim. If you are over 65, they consider you more likely to need medical attention so they charge extra and fewer occurrences are covered. Make sure you are getting insurance designed for a cruise.
If You Have Pre-Existing Medical Conditions
Pre-existing medical conditions increase the likelihood that you will make an insurance claim; therefore, they increase the price you are asked to pay for insurance. In many cases, certain pre-existing conditions are not even covered by the standard insurance. You will have to purchase coverage for those conditions separately.
Typically, it is not very expensive to purchase the separate coverage, but you have to make sure you do so. You might be wondering what counts as a pre-existing condition. Essentially, it is as simple as any medical condition you had before you bought insurance, but that does not quite cover what counts as a medical condition.
HIV, high blood pressure, lupus, diabetes, and such are considered pre-existing conditions; however, they are also on-going conditions. In many instances, prior medical troubles are also considered pre-existing conditions. For example, if you had a heart attack a decade ago and have since been living a heart-healthy life, you still might qualify as having a pre-existing condition. You’ will have to make sure you consult with your insurer to know whether or not certain prior conditions count as pre-existing. A site such as Medical-Travel-Compared actually allows you to compare certain plans, so you can find the one that fits your needs.
If You’re Feeling Adventurous
Travel insurance typically does not cover adventure sports in the standard coverage plans. That is especially true if you are over 65. That means that if you want to go skiing, hiking, snowboarding, mountain biking, or swimming with the dolphins, you might not be covered by a standard over 65 insurance plan. Some insurers will sell you additional coverage at an increased rate and some do not even offer that.
That does not mean you cannot have an adventurous holiday if you are over 65. It just simply means that you need to be aware of what is covered and what is not. You would not want to twist your ankle on the slopes and end up with a bill that is hundreds of pounds more than you had planned.
If You’re Traveling with a Group
Interestingly enough, if you are traveling with a group, you have to be careful that you are all covered. If you’re travelling companions are covered by a separate insurance, they probably will not be covered should your medical conditions require them to extend or cut short their holiday. For example, if you have to stay in a hospital for a few days, their insurance probably will not cover the cancellation fees for your flights and the new hotel fees. However, if you are all insured together, it is much more likely that you will be covered by your insurance.
If You Travel a Lot
There are two kinds of insurance: single trip and annual. As their names suggest, single trip insurance covers one holiday and annual covers an entire year. You should consider getting annual insurance if you are over 65 and plan on traveling a lot. That way, you do not have to struggle with insurance companies to cover your different conditions and situations. However, if you only travel once or twice a year, single trip insurance is probably the way to go.
Since you will be paying monthly or annually for a longer period of time with annual insurance, it is typically cheaper on a month-to-month basis; however, you have to go on several trips to make that worthwhile. Single trip coverage is typically more expensive per trip, but there is only the one trip so you will not be paying as much overall.