Travel insurance: What is it and why is it important?

Travel insurance for people over 50 is extremely important as it covers unexpected medical expenses, lost baggage, cancellation of trip

15:10 10 January 2013

A lot of people, particularly elders, travel across the globe every year. As these people are usually retired, they often have time to explore different places.

However, some things can happen while you’re abroad. Some people may become sick, while others may lose their luggage. Some may also get their trip cancelled unexpectedly. These scenarios can easily ruin any holiday.

If you’re over 50 and going out of the country, it’s important you get travel insurance. Although this is an additional expense at first, it will protect you from unforeseen incidents. With this, you do not have to worry about unexpected bills if for instance, you become and need emergency medical attention.

Getting travel insurance for people who are over 50 isn’t difficult. In fact, most travel agencies are offering this type of policy. However, unlike people who are in their 20’s, people who are over 50 can expect a higher premium for this type of insurance.

Also, be informed that other insurance companies do not keep an age limit for travel insurance. However, they do put a limit on the duration of the travel period.

For people who are over 50, the time usually decreases from 90 to 42 days.