Senior Travel Insurance

No change to Syria risk for now: ship insurers

The United States for the first time explicitly called on Thursday for Syrian President Bashar al-Assad to step down because of his brutal crackdown on five months of protests against his authoritarian rule.

U.S. President Barack Obama also imposed a fresh round of sanctions on Syria's government, freezing assets in the United States as well as banning petroleum products of Syrian origin.

The Joint War Committee (JWC), which groups syndicate members from the Lloyd's Market Association (LMA) and representatives from London's insurance company market, said while the situation in Syria was concerning it had not reached a level where it would be added to its list of high risk areas.

"At this time, current events would not justify such action because the threat to maritime assets is simply not high enough," said LMA senior technical executive Neil Roberts.

"It is a delicate business. The JWC does not want to be too slow, but at the same time will not act without objective evidence that the situation is serious for shipping and underwriters," he told Reuters.

PORT OPERATIONS

The London marine insurance market plays an influential role in the global marine insurance industry.

Syria's official news agency SANA said on Wednesday four oil tankers were loading and unloading this week as scheduled, adding that reports of operations being hindered at the ports of Tartous and Banias were "untrue."

"Local security forces assisted by the army started to attack Latakia on Saturday forcing the port to close. Today the port reopened and is working normally," a shipping agent source based in Syria told Reuters on Thursday. "Tartous remains open and working normally."

Some European oil traders are still supplying fuel to Damascus, and several international oil companies have significant interests in the country.

"This latest political signal from the United States will likely prompt a strategic re-assessment in the boardrooms of several firms," said John Drake, senior risk consultant with security firm AKE.

The Importance of Finding a Travel Insurance for Seniors | Seniors ...

Finding travel insurance can be hard for anyone, but if you are a senior who is of a certain age, you may discover that finding the best travel insurance for seniors can be even harder. This article tells you a brief overview of the basics that will help you find senior citizen travel insurance, even though it can be difficult, and the specifics you should look for in your plan.

Money talks in the world of insurance. Based on many statistics, seniors are more inclined to make insurance claims than travelers who are younger. This means that insurance companies will make less money and have to pay out more money. The result is that they will be hesitant to provide insurance plans for travelers who are of a certain age. Even though insurance companies stop their limits at age 65, others may extend the limits for people over 70, 75, or 80. Still, if you are over a specified age, you will not be able to receive insurance with many agencies, even if you are in good health. Other companies may provide coverage, but at increased rates, and with fewer benefits.

Not only is insurance for traveling seniors harder to find, there are also many needs and problems you may have to consider in an insurance plan. For instance, older travelers are more inclined to suffering from pre-existing conditions that have to be covered. A lot of older travelers will also carry medical tools and medications with them. Items such as wheelchairs, walkers, and prescription drugs can be easily stolen or lost and become expensive to replace if you are traveling. A quality senior citizen travel insurance policy will cover you for these situations.

Another factor to consider as you look for travel insurance is the inclusion of reduced benefits. It is not uncommon for insurance companies to charge higher costs and less coverage for seniors. You should be sure you know the details of each plan that you are buying,

If you are having trouble obtaining seniors travel insurance through normal insurers, you may want to look into specialty plans. There are many companies out there that deal in insurance for traveling senior citizens. Not only do these plans have no upper age limit, but they also provide you with specific coverage that is customized to your needs as an older traveler. Having any kind of insurance is a wise idea, so is being cautious anywhere you go because you never know what might happen to you.

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