When retirement comes around many pensioners want to go traveling and at this time will need to consider travel insurance. Retirement is a great time to visit the world or even your own country and spend some time seeing the things you have always wanted to see. Of course we all hope that our holidays will be some of the fondest memories, but there are times when things go wrong. At these times it is comforting to know that you have a travel insurance policy to get you out of trouble.

A quality travel insurance policy covers such events:

• Lost, damaged or stolen luggage and/or important documents.
• Stolen cash and travelers checks.
• Sickness, death and hospital cover (including medical evacuation cover).
• Airline cancellations or missed flights, hotel cancellations and holiday cancellations.
• Disasters and catastrophes (this should include both natural and man made disasters).
• Legal expenses.

It is a good idea to review the exclusions of your policy to make sure you know what is and what is not covered. It is also worth checking with your credit card company as many offer complimentary travel insurance if you use your card to purchase the tickets. Pensioners will generally be charged an additional premium on their travel insurance that will vary according to age and it is a good idea to compare the different companies to find the best deal. On top of these premiums older people will often be charged an excess if you they need to make a claim. You must disclose all pre-existing conditions when purchasing travel insurance.