Annual Travel Insurance
With most people over 65 having retired, the increase in free
time means that the effective enjoying of multiple trips abroad
is now within reach. Over 65 annual travel insurance provides a simple
means whereby a single policy can be effected that will insure
multiple trips during the year.
As a long-established broker, B Portwood &
Co Ltd have specialised in the travel insurance needs of the over 65 and have
access to many schemes - three of which are below, but a plethora
of alternatives are available. We recommend that prospective customers
contact us, so we can discuss the covers needed and provide the
one most suitable for your trip. Our contact number is :
General notes about annual travel insurance
- Whilst the insurance premiums for travellers aged just over 65 are
reasonable on all schemes, once the age of 70, 75 or 80 is
reached then the cost increases substantially - especially
if there are
conditions to be disclosed.
- Annual over 65 travel insurance to cover trips outside the
European area (NB this area varies with different companies
- some may include North Africa, others rate Southern Europe
as more expensive than Northern Europe) are considerably
more expensive than policies where cover is restricted
therein. At the moment we are uncertain how the market will
react to 'brexit' - premiums will no doubt be affected
whether or not the EHIC will remain valid. The fall in the
value of the pound post June 23rd 2016 will no doubt also
reflect in increases of premiums since the costs of medical
treatment abroad will have to be paid in local currency.
- Even if only one out of five trips for the year is
outside the European area, the full premium must be paid.
Furthermore, some over 65 travel insurance companies will cover existing
medical conditions inside Europe only and be unable to cover
them in America, for instance. This would have a deliterious
effect on cover.
- One solution, would be to have an annual travel
insurance policy covering trips within Europe and then take
out a bespoke over 65 single trip insurance policy to cover travel
- Premiums for annual travel insurance are most economical
if there are going to be many trips and if the trips are
going to be for several weeks. (There is usually a 30, 60 or
90 day limit per trip).
- However, if the traveller is uncertain as to the number
of trips to be taken that year then an annual travel
insurance policy has one advantage: there would be no need
to arrange cover if there arose a sudden opportunity or need
for an extra trip. (Providing the period fell within the
maximum duration allowed)
- Annual travel insurance policies can be extended, like
single trip policies, to cover extras such as winter sports
or hazardous activities. It is recommended that, as your
insurance broker, you contact us to discuss your needs and
requirements should they extend beyond the most basic.
- Over 65 travel insurance to America, may come down
slightly if the POTUS is able to reduce the cost of
medication and treatments by leaning on 'Big Pharma' in an
effort to reduce the costs for Americans.