If you are over 70 finding a good deal on travel insurance can be problematic. With most insurances the older we get the more of a risk we are considered to be, this is the same for health insurance, car insurance and most other types of insurance.
The increased cost of premiums is based on the predicted cost of any claims made by any of the groups the insurance companies categorise us into. The 60 plus and over group tends to attract much higher premiums. This is because of the statistical increase in the likelihood of a person in this group falling ill.
Whilst the odds are against you there is a way to minimise the increased cost associated with all insurances including travel insurance. Whilst the medical and rescue part of the insurance premium may be higher the claims due to loss or stolen items and cancellations should be the same as everyone else.
Travel insurance over 70 can be reduced by taking into account your excess. This is the amount you are willing to cover for the first part of any claim. The higher the level of excess you are willing to accept the lower the cost of the policy.
Also by using a travel insurance comparison site you can quickly find the lower quote and see exactly what sort of excess you are liable for. This will allow you to compare policies all in one place and side by side. It makes it easier to see which deals are the best for your own particular circumstances.
