If you have decided to spend your retirement exploring the world or occupy your time researching where to buy your first holiday home, then it would be a good idea to look at different types of travel insurance to cover you.
Many people are now choosing to purchase their travel insurance once a year, just as if it were home or car insurance. A single premium means you can get yourself and your family insured for any number of trips you make in a 12-month period. You can also add cruise cover to the policy, just in case you decide to take an impromptu trip around the Mediterranean Sea.
If you plan to travel around Europe, then only buy cover which includes that geographical area. If you are buying worldwide travel insurance, which covers the US, Canada and the Caribbean, it will cost you more as you are increasing your travel footprint and medical expenses within these locations are often significantly higher.
If you have annual travel insurance cover provided by your bank or building society with a paid current account, you will need to check if there is an upper age limit on the policy. Some providers stop cover for those over 70 and some will not cover those with pre-existing medical conditions.
Many annual polices will only cover you for 31 days at a time before you are required to return to the UK. If you are planning on staying for longer than 31 days, then you should look at long-stay travel insurance as an option. Single policies can cover up to 90 days at a time, so it is worth considering that option too.
To compare the available options for your travel insurance, contact our travel insurance service on 01243 784000 and find the best policy for you.