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UK travel insurance for the Over 60s - Over 70 and Over 80 |
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Latest Elderly Travel Insurance News
Tough times head for travel firms The continuing credit crunch is proving tough for many UK based holiday companies. According to Begbies Traynor's latest “Red Flag Alert”, further insolvencies in the sector are inevitable. Putting aside the sharp annual rise in “critical” cases, the third quarter of 2011 saw a 29% increase in companies facing “significant” financial distress, compared with the previous three month period. The insolvency specialist's partner, Julie Palmer, comments: “Cash reserves at travel and tourism companies are typically at their lowest levels during the 4th quarter so the rise in distress during Q3 is a real warning signal to the industry. “Consumers are reining in their spending but this responsible behaviour is actually nullifying any attempts by policymakers to boost spending in the UK.
Many Britons still travelling without insurance A new survey from travel insurance for over 80 has revealed that 3.2 million Britons would go without travel insurance to increase their spending money on holiday. Saving on duty free (61%) and new clothes (60%) proved the most popular economies when saving for a holiday, but one out of 15 Britons indicated they would risk travelling without insurance to save money. There is a clear gender divide, with 2.9 million men (9%) willing to cut travel insurance compared to just 1 million women (4%). In addition, Londoners are likeliest to travel without insurance (9%), more than twice as likely as those from Yorkshire & Humberside and Wales (4% each).
Top five reasons to have travel insurance
May 2011 Check out why travel insurance for seniors is so important. Over 75s Holidaymakers over the age of 80 are increasingly being refused travel insurance over 80 because most policies are imposing an upper age limit, according to Intune, the financial services arm of charity Help the Aged. Looking for travel insurance for the over 71s? Check out our guide for the Over 71s Also bear in mind travel over 85 travel insurance too. Its research examined 495 travel insurance policies, and found that 97 per cent imposed upper age limits, while a quarter did not provide cover for travellers aged over 65. More than 70 per cent would not cover those aged 75 or over, despite the fact that older travellers are jetsetting more than their younger counterparts. Intune's study shows the over-80s took more than 121,000 trips, lasting between three to six months, over the last year. 'We have found that older people holiday more widely than younger age groups, and for longer at a time,' says Stuart Castledine, Intune's managing director. 'Many people are electing to work until 70, leaving it even later in life to make the most of their retirement and leisure time through travel. But while the older generation flock to the sun or visit relatives abroad, insurance is getting harder to find.' If you are an older person and looking for travel insurance over 75 then check out all the relevant links on this site. Customers over 85 are eight times more likely to make a claim than those aged under 35, while those over 65 are three times more likely. But Castledine says this shouldn't mean that older people should be discouraged from travelling. 'The over-80s traveller has particular requirements which may need accommodating,' he says, 'But they do not want a system which writes them off at a time when they should be enjoying life to the full.'
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