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Over 50s struggling to get travel insurance

travel insurance for older travellers

Getting older is no longer a barrier to traveling the world, but one in four aged 50 and over going on holiday are struggling to get adequate travel insurance for various reasons, says research from Lloyds TSB.

 

Nine out of ten say that they go on holiday, with half (taking multiple holidays in a year). One in three are travelling more now than in previous years. One in four has experienced difficulties when buying insurance for their holiday.

 

The research reveals how the main cause for being refused cover is an existing illness or injury, with 15% being refused cover for this reason, rising to 16% for those 60 and over. One in ten has difficulty buying insurance due to their age, rising to one in six for the 60 and overs.

 

Jatin Patel at Lloyds TSB says: “No one should be grounded from travelling because of their age. It is clear that age holds no barriers for those wanting to explore new frontiers, so age should not prevent older holiday makers from accessing adequate travel cover at a reasonable price.”
Travel insurance news: 20 July 2011