If you are a person who is at least 50 years of age and planning to travel soon, you know that you have to take several important precautions before going on your trip. Any person travelling needs to do this, but older individuals have more to worry about. Seniors are at greater risk for health problems that range from catching fatal diseases to injuring themselves by accident while on holiday. In the unfortunate scenario that either situation happens, you will need to be prepared to deal with the problem immediately. Even if you are treated immediately, you will have to pay a hefty fee to cover the costs of the treatment. There is no such thing as a free lunch, and healthcare costs while travelling are no exception to this rule. This is why any senior going on any type of trip should invest in a medical travel insurance policy that will cover the hefty bills that come with unforeseen situations where things go wrong.
What Is Travel Insurance?
Travel insurance is an arranged agreement by which a certain agency will provide a person with a guaranteed compensation for specified eventualities that include, but are not limited to, loss and damage of personal belongings, cancelled flights or events, physical injury, and medical expenses needed to treat any sudden illnesses. Depending on the insurance policy that you obtain, you can have certain events completely covered, or at least have a significant portion of the cost reduced on your end. Insurance policies can be customised depending on what you want protection for, and you will pay more if you want to have more benefits included in your insurance plan.
When it comes to travel insurance, you are specifically covered on travel-related events. Whether you find that your bags have been misplaced during a flight, or find that your pre-existing condition interferes with your ability to attend events that you paid for, a travel insurance policy will be able to cover this. However, it is important to mention that pre-existing medical conditions are only covered if the person purchasing the plan declares them well in advance. Even if the condition is well-managed with certain medication and it does not interfere with your daily lifestyle, you should still mention any conditions you have to the agent that is putting the policy in place for you.
Based on the benefits mentioned above, there is no reason why seniors should not be purchasing travel insurance with each and every trip that they take. If they find that they are travelling multiple times a year, package deals can be arranged in which they pay a higher fee to cover a year’s worth of travel insurance for any trips that they make.
What Will Happen If Travel Insurance Is Not Obtained Before Travelling?
If travel insurance is not obtained prior to travelling, or if important pre-existing medical conditions are not declared before the trip, there are several bad circumstances that can arise. In the case of certain insurance packages, refusing or forgetting to declare pre-existing medical conditions that may affect you during the trip can result in the invalidation of the policy. If not, then the full responsibility to cover any additional expenses will be placed on you. Expenses related to travel accidents, especially those that are medical in nature, can add up very quickly, and many people have found themselves unable to pay them off. Even in the odd scenario where these expenses are redeemed in full, it usually takes a long time and costs more time and money than if the insurance policy was properly filled out to begin with.
In order to prevent this, it is extremely important that you include yourself and all of the travellers accompanying you on the trip when filling out an insurance policy. In the unfortunate situation where your medical conditions result in any trip complications, it is important to make sure that your companions are also protected.
If you are unsure about the price that an insurance policy will cost based on your individual circumstances, you can always go online and check for prices. Websites such as Medical Travel Compared will have packages listed online. Look for a quote with Medical Travel Compared or any other travel insurance comparison website that offers quotes and package prices online.
What Do Reliable Travel Insurance Policies Have in Common?
Certain travel insurance policies may be better for different people, based on the things that they need protection for. However, insurance policies that provide great service to their clients over a long period of time will have several things in common. The first thing that they will have in common is the ability to easily customise an insurance policy to fit you and your needs. In particular, you will want to make sure that the medical expenses covered will include the existing condition that you currently have. Agencies that do not offer legitimate travel insurance policies may offer rigid packages that provide too little or too much of what a senior citizen needs for a trip.
The second thing to watch out for is the inclusion of other damages or inconveniences that you may experience during the trip. This includes cover for the loss or damage of your baggage and personal belongings, and the ability to cancel your trip at any point due to serious events such as job loss or the illness or injury of yourself or another relative.
You will also want to make sure that personal liability is covered as part of the plan. This category includes any accidents where property that does not belong to you is damaged. Depending on the situation, you will want significant coverage for this event. A good rule of thumb to go by is having at least £2 million worth of covered expenses in your overall insurance policy package.
Purchasing a medical travel insurance policy prior to going on a trip may seem like a hefty investment that only wastes time, but you will be very thankful for having it if something out of your control happens. Having travel insurance is not a sign of paranoia, but rather an intelligent recognition that people should be prepared for when things can, and do, go wrong during a trip.