Travelex Travel Insurance Coverage Review 2022 – Is It Worth It?

Travelex Travel Insurance Coverage Review 2022 – Is It Worth It?

Travelex Insurance offers you and your loved ones coverage on travels and tours. Medical expenses, trip cancellation and lots more are what you can benefit from various Travelex Insurance plans.

Travelex Overview

According To Wikipedia, Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in London. Its main businesses are international payments, foreign currency exchange, issuing prepaid credit cards for use by travellers and global remittance.

Why Choose Travelex Insurance?

Travelex Insurance always intends for everything to run smoothly on your vacations, but mishaps and accidents can – and do – happen. If the unexpected occurs on your trip, Travelex can help protect you (and your wallet) from financial risk.

Whether you plan to travel across the ocean or only across state lines, there’s always a chance your trip might not go according to plan. If you encounter a flight cancellation, baggage delay, medical emergency or more during your trip, travel insurance is here to help.

Travel insurance can offer reimbursement for certain incurred travel costs, 24/7 travel, and emergency medical help if needed. In short, Travelex travel insurance provides you, and your finances, a supportive safety net while you explore the amazing world around you.

Benefits Of Travelex Insurance Plan

Travelex travel insurance offers a wide range of protection for a variety of trip types and adventures. From cancelled flights to emergency medical expenses, all of Travelex’s travel insurance plans offer extensive coverage for the essentials and more.

What Travelex Travel Insurance Covers

Travelex Insurance plans

1. Trip Cancellation

No traveller plans for their trip to be cancelled or interrupted, but when it does happen, it’s often out of your control. To help you feel more in control during unexpected situations, Travelex’s Trip Cancellation and Interruption benefit helps ensure you are financially protected.

2. Trips Delay

Travel delays are normal. Flights are often slowed down because of bad weather, mechanical problems, or high levels of airport traffic. And while a short delay isn’t much to stress about, if your flight is delayed for more than a few hours, it can start to affect the rest of your travel plans.

Long delays can cause you to miss connecting flights as well as certain activities or meetings planned at your final destination. With trip delay coverage, you can receive reimbursement for incurred costs in the event your transportation is delayed. This means money spent on these additional expenses doesn’t have to leave you empty-handed.

Travelex travel insurance with trip delay coverage can offer reimbursement if you need to purchase meals or even a hotel stay until you can continue on in your travels.

3. Emergency Or Medical Coverage

If you become sick or injured during your trip, don’t panic! This coverage can provide reimbursement for hospital fees and more. When planning a trip, the last thing you want to think about is an accident or mishap. Fortunately, emergency medical and dental coverage can help provide protection against the unexpected.

Whether you are planning a solo trip, a family vacation, or an adventure with friends, Travelex travel insurance with emergency medical and dental coverage offers reimbursement and support in the event you get sick or injured and require medical attention.

4. Emergency Medical Evacuation

If your next trip includes adventurous activities or visits to remote locations, it’s important to consider this benefit.

When planning a family vacation, solo trip, or holiday away with friends, the last thing on your mind is planning for an unforeseen medical evacuation or repatriation.

However, travel insurance with emergency evacuation and repatriation benefits is essential in protecting yourself against costly expenses. If you are involved in an accident or experience a serious injury while travelling away from home, an emergency medical evacuation can provide safe transportation to a medical facility.

Similarly, should you or a travelling companion pass away while on vacation, repatriation benefits can cover the cost of transporting remains home or to the intended place of rest.

5. Lost Or Delayed Baggage Coverage

Travel the world knowing your bags can be covered in the event they are lost, stolen, or delayed. Lost or delayed baggage has the potential to ruin any trip – no matter how light you’re travelling. Without your clothing and other important items, it’s difficult to have fun on vacation or to be productive on a business trip. Thankfully, Travelex travel insurance provides baggage coverage, which is specifically designed to help protect you in the event something happens to your luggage.

6. Missed Connection Coverage

Nervous you might not make your connecting flight? Get protection in the event your flight leaves without you. Part of the thrill of travelling is not knowing what you may encounter or discover while on your trip: you could meet new people, try exotic foods, or learn a foreign custom. However, some unexpected occurrences – such as a missed flight – can have a negative effect on your vacation.

With missed connection coverage, an unforeseen mishap doesn’t have to ruin your trip. Travelex insurance with missed connection coverage can provide you with a safety net in the event you’re not on board when your flight takes off.

7. Accidental Death Or Dismemberment

Unexpected accidents are unpredictable and can have serious consequences. Get coverage that offers financial protection in dire circumstances. Travelling usually brings about happy and exciting experiences: you can explore foreign places, try local cuisines, and make memories that will last a lifetime. However, it’s important to be prepared for moments outside of your control.

Though severe injuries and mishaps are rare, the consequences can be costly. Thankfully, with Travelex’s accidental death and dismemberment coverage, you can receive emergency financial support in the event you – or a travelling companion – suffer a grave accident.

8. Travelex Travel Assistance Coverage

Whether you have to refill a prescription or replace a stolen passport, get the expert help you want at any time, from anywhere. From meeting life-long friends to discovering local hidden gems, you never know what surprises will come your way when you are travelling.

However, the unpredictability of travelling can also come with its challenges. If you get sick, lose something important, or encounter legal problems, it’s much more difficult to deal with these things when travelling than if you were at home.

This is where the Travelex travel assistance benefit comes into play. The travel assistance benefit is included with each travel insurance plan and will act as your travel concierge while you are on the road.

9. Travelex Primary Coverage

Want your medical expenses paid quickly and without hassle? Get speedy reimbursement with Travelex’s primary coverage. You never plan for anything to go wrong on your trip, but it’s important to be prepared for unexpected accidents and mishaps in case they do occur.

In the event you sustain a severe injury or become sick and need to visit a medical facility, Travelex primary coverage can provide financial protection to help make the payment process quick and easy.

10. Pre- Existing Condition Coverage

Get comprehensive coverage for your pre-existing conditions so you can travel far and wide with peace of mind. Do you have a pre-existing medical condition? Pre-existing conditions are commonly described as chronic or long-term illnesses or injuries such as diabetes, cancer, sleep apnea, and more. These conditions typically require frequent medical care and supervision to manage, as well as adequate health care coverage to ensure you can receive treatment without paying for costly medical bills.

Living with chronic pain or long-term conditions can be difficult, but travelling with pre-existing conditions doesn’t need to complicate your trip. With Travelex’s pre-existing conditions coverage, your policy can provide financial and medical protection should a pre-existing issue cause complications while you’re away from home.

This benefit enables you to seek the medical care you require without paying out of pocket.

Travelex Travel Insurance Plans

• Travel Basic Plan

Travelex’s Travel Basic travel insurance plan provides extensive protection at a budget-friendly price, with benefits including trip cancellation coverage, reimbursement for emergency medical and dental expenses, 24-hour travel assistance and more, the Travel Basic plan provides all of the essentials for an affordable price.

  1. Up to $15,000 Emergency Medical Expenses
  2. Up to $10,000 Trip Cancellation & Interruption
  3. Enjoy Primary Coverage with No Deductibles
  4. 24/7 Travel Assistance & Concierge Services

Whether you plan to venture across the state or to the opposite side of the country, Travel Basic provides the essential insurance benefits you need for an affordable price. This is why Travel Basic is the ideal insurance plan for backpackers, students and small groups, as it offers optimal coverage to help ensure you and your financial investment in your vacation are protected.

Related: What is Life Insurance and how does it work?

How Much Does Travelex Travel Basic Insurance Cost?

Travel insurance isn’t a one-size-fits-all item. The base rate for the Travel Basic plan will vary by state of residency, age, trip length and trip cost.

• Travel Select Plan

Travelex’s Travel Select travel insurance provides comprehensive coverage for most travellers. Whether you are travelling for business, with your family, or for fun, With Travelex’s premium insurance plan, Travel Select, offers the benefits and customizable upgrades you need to help keep yourself – and your vacation investment – protected.

  1. Up to $50,000 Emergency Medical Expenses
  2. Enjoy Primary Coverage with no deductibles
  3. Protection provided for children 17 and under included
  4. 15-day Pre-Existing Condition exclusion waiver available.

Travel Select contains the same benefits as the Travel Basic plan – plus so much more.

In addition to covering the essentials, Travel Select provides travel insurance to all children 17 and under when accompanied by a covered adult. The number of children is unlimited subject to maximum insured limits.

Please list the accompanying child(ren) when enrolling. If the child’s trip cost exceeds the adult’s trip cost, the child will be charged the corresponding plan cost. This plan also enables business travellers to receive reimbursements as a result of work-related cancellation or interruption reasons, too.

• Travel America Plan

Travelex’s Travel America travel insurance provides low cost coverage for short getaways within the US.

With benefits including trip inconvenience coverage, security deposit protection, trip cancellation, secondary coverage for medical emergencies, roadside assistance and more, Travel America can provide protection for up to 8 travellers on your next adventure within the United States. All for the low cost of $60.

  1. Receive Shared Benefits for up to 8 Travellers
  2. Up to $50,000 Emergency Medical Expenses
  3. 3-Day Pre-Existing Condition Exclusion Waiver
  4. Car Rental Collision Coverage and Roadside Assistance

Travel insurance shouldn’t be reserved for expensive or international trips only. You can also benefit from having travel insurance for shorter domestic trips, which is where Travel America comes in. Whether you and your partner are flying to visit your parents for a long weekend, or you and a group of friends are going to explore a national park, Travel America can help provide protection for your trip.

Travel America is also great for road trips, shorter domestic trips, long weekends in a nearby city, and most other domestic travel, especially if travelling with others. This is because Travel America provides shared benefits for you and up to seven other travelling companions, all for the low price of $60.

Wrapping Up On Travelex Travel Insurance Quote

  • On the Travel Basic plan, you can receive up to $500 in travel delay coverage.
  • On the Travel Select plan, you can receive up to $2,000 worth of coverage, this is based on a daily limit of $250.
  • On the Travel America plan, you can receive up to $2,000 worth of coverage.

Not sure which plan suits you best? The Travelex Travel Select plan provides the most comprehensive coverage, which is ideal for international travel and long trips. The Travel Basic and Travel America plans are more affordable options for travellers on a budget or for short domestic trips.

So, If you have a trip coming up, you should consider purchasing travel insurance. Get a free quote online from Travelex today!