It is true that many people, including so called experts, consider senior travel insurance a waste of money. However, this is not always the case. There are many benefits of buying this type of coverage as you plan your trip.
When you purchase the right type of senior travel insurance, you can recover the cost of your trip should a “covered disaster” stop you from departing.
Note: just like any type of insurance, there are different coverage types to consider. Know what a particular policy covers before making a purchase.
In short, most senior travel insurance policies cover situations such as sickness or a natural disaster that leads to a canceled trip.
Many policies also offer repayment if your trip is cut short by illness, injury, or a natural disaster.
Insurance for a Single Trip
Are you planning to take a senior singles trip in the near future? If so, there are several types of travel insurance to consider:
- Trip cancellation insurance. With this policy, you are covered for the cost of your airfare and any other prepaid expenses. In most cases, this type of coverage will reimburse you if an illness or weather prevents you from traveling.
- Emergency medical coverage. While not as common as trip cancellation insurance, this makes good sense. It pays for medical care as well as the cost of emergency travel back to your home. For seniors, this is a “must have” because it includes payment for medical costs incurred outside the United States.
In many cases, senior travel insurance can add as much as 5 to 10 percent of the total cost of your trip. While expensive, this coverage gives you peace of mind before you leave as well as during your travels.
As a senior, especially somebody traveling alone, this type of insurance offers many benefits.