Older Customers Struggle to Get Travel Insurance Deals
Research released by consumer advocacy group Which? Has highlighted the difficulty which older travellers face when trying to purchase travel insurance.
The research discovered that a quarter of providers surveyed would not annually insure a traveller over the age of 60, whilst 90% would not insure somebody over the age of 80 for annual cover. The same problem applies to single trip cover, with 86% of insurers having an upper age limit and less than 30% would cover people in their 80s.
Furthermore the survey discovered massive premium growth for older people, with one policy increasing almost 4-fold between the ages of 65 and 66. Which? are hoping that the government will be able to encourage providers to be more lenient on older customers.
Which? executive director, Richard Lloyd, raised concern at the situation. “It’s absurd that you could wake up one morning and suddenly be three times more expensive to insure,” He said. “Older travellers are finding it increasingly difficult to get cover or are priced out of travelling altogether. Insurers should take a more common sense approach and look at factors other than age when setting premiums.”
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