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Why travel insurance is a must for seniors

Travel insurance for seniors is crucial due to their higher risk of health issues and the potential for more expensive medical care while traveling. Policies for seniors often cover trip cancellation, medical emergencies, and evacuation, but premiums can be higher and coverage limits may be lower compared to younger travelers. Key considerations for seniors include ensuring the policy covers pre-existing conditions, understanding the age limits set by insurance providers, and checking if the policy offers "Cancel for Any Reason" coverage. Some recommended travel insurance companies for seniors include Allianz Global Assistance, which offers plans specifically designed for seniors, and Trawick International, known for its high coverage limits and the inclusion of pre-existing condition waivers. It's important for seniors to thoroughly review policy details and compare options to find the best coverage that meets their needs and budget.

Read the Full CNBC Article at:
[ https://www.cnbc.com/select/travel-insurance-for-seniors/ ]