Travel insurance companies raise age restrictions

Insurance companies are upping policy age limits to allow older travellers to get cover.

Travel Insurance News - 25/06/2009

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A handful of the leading companies in the lucrative travel insurance world are increasing their age limits to allow older travellers to get cover when they travel. This will encourage older people with pre-existing medical concerns to be able to get insurance when they travel which will see many benefitting from the new plans.

The insurance specialists’ aim is to make insurance more affordable and available to a wider range of people. The new incentives were set up with this in mind and the policy’s concept is to allow more people to travel abroad without worrying about cover. Many people who are older or who suffer from medical conditions are left with no choices when it comes to travelling as most companies don’t like to provide cover to them.

Either the simply don’t get to travel or they do so without a policy, which is never a recommended route. The current economic crisis that is leaving the world in financial difficulties has led to many insurance companies fighting for business and as such, new deals, like raising the age limit, are becoming readily available as they struggle to tap into resources to raise more money.

Thanks to www.privatehealth.co.uk for the above information. For more on this story please visit their website.

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