You are here: Home - Insurance - News -

Stop ‘ageist’ travel insurance

0
Written by:
31/03/2010
Age Concern and Help the Aged are demanding that the insurance industry stops discriminating against older people, especially when it comes to motor and travel insurance.

Research carried out by the charity suggests that one-third of insurers place a maximum age limit on their travel insurance policies, while those that do offer cover for older travellers tend to impose higher premiums.

Head of public policy Andrew Harrop said that insurers should be obliged to serve people of all ages.

“Refusing insurance to older people not only sends a harmful, ageist message, but also places an unacceptable restriction on people’s lives,” he said.

Harrop said that older people who perform travel insurance comparisons but can’t get cover could be prevented from visiting friends and family overseas.

However, the Association of British Insurers (ABI) argued that the costs imposed by insurance companies reflect the perceived risks.

“People in their 80s are at least eight times more likely to make a claim on a travel policy than someone under 65,” said ABI spokesperson Malcolm Tarling .

The ABI representative also claimed that prices were still “reasonable” for older holidaymakers thanks to “healthy competition in the market”.

 

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Tories promise gas and electricity supply guarantees

The Conservatives have said they would insist that energy companies supply sufficient gas and electricity as part of a plan...

Close