Travel insurance cost much higher for pensioners, says expert
www.moneynews.co.uk > Insurance > Travel insurance cost much higher for pensioners, says expert
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Money News |
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Travel insurance cost much higher for pensioners, says expert
Tue 9th Mar 2010
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He described it as a penalisation of elderly European travellers, with travel insurance premiums increasing by 174 per cent.
Mr Atkinson said: "With people in the UK living longer, and with many pensioners having far more disposable income which enables them to travel more, insurers need to change their attitude."
He suggested the premium should be a fair reflection of the risk travellers pose and anyone wishing to travel abroad should shop around and find the best price between the different providers.
Scottish Widows recently found that more than half of pre-retirees want to travel once they reach retirement age, but 36 per cent of pensioners did not believe that they were adequately funded.
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