Travelex Insurance – What Is It?
Travelex Insurance – What Is It?
Imagine: You are finally ready to explore the world around you, leaving behind work stress. But then, your luggage goes missing; even worse, you fall ill in a foreign country. A NIGHTMARE- RIGHT? Unexpected events can derail your travel plans, costing you time and money.
You could be on an international or domestic holiday trip; choosing the right travel insurance policy ensures nothing is going to spoil your long-awaited vacations.
Founded in 1996, Travelex is one of the top leading insurance providers operating in the U.S. It aims to provide comprehensive travel protection to clients. From emergency medical assistance to lost baggage to trip cancellation Travelex offers coverage for most parts of your trip so you can travel stress-free.
Plus, Travelex insurance not only protects you in case of emergency but safeguard your non-refundable deposits. If you are seeking coverage beyond the basics, Travelex travel insurance offers various plans, including flight insurance plans, adventure sports coverage, customizable add-ons, and plenty more.
Insurance Plans
Here’s a list of the products/insurance plans offered by the company:
- Flight Insure.
- Flight Insure plans.
- Travel Basic.
- Travel America.
- Travel Select.
Travel plans include both trip insurance and post-departure services, such as emergency medical, while flight insurance plans only offer flight accident coverage. Also, Travel America protects people traveling within the US.
Don’t know which plan would best suit your varying travel needs? Explore what each of the travel plans has to offer:
Services | Travel Basic | Travel America | Travel Select |
Travel Assistance | Inclusive | Inclusive | Inclusive |
Trip Cancellation | 100% of the trip cost is covered by the insurance | 100% of the trip cost is covered by the insurance up to $750. | 100% of the trip cost is covered by the insurance |
Trip Delay | $500 ($250 a day) | $2000 | $2000 ($250 a day) |
Trip Interruption | 100% of the trip cost is covered by the insurance | 150% of the trip cost is covered by the insurance up to$1 125. | 150% of the trip cost is covered by the insurance |
Luggage Delay | $100 | $1,000 | $200 |
Missed Connection | $500 | $2,000 | $750 |
Emergency Medical Expense | $15,000 | $50,000 | – |
Sporting Equipment Delay | – | $2,000 | $200 |
Kids-Included Pricing | No | Insured and up to 7 traveling partners can share coverage. | Yes |
AD&D | $10,000 | $25,000 | $25,000 |
Emergency Medical Evacuation | $100,000 | $500,000 | – |
Apart from that, with Travelex’s optional upgrades, including car rental collision, adventure sports coverage, etc., you can customize your trip plan that caters to your travel needs.
What Travelex Travel Insurance Doesn’t Cover?
It’s imperative to know the list of items not covered by the insurance policy as to be aware of what you are getting:
- Pre-existing medical conditions.
- Pregnancy and childbirth.
- Losses due to drug use and alcohol.
- Professional sports. Nonetheless, the adventure sports add-on feature only covers specific sports.
- Losses linked to unlawful acts.
Protect Your Next Trip by Opting for the Right Travelex Insurance Plan
Travelex is indeed of the most reputable and legitimate companies to work with to protect your travel plans.
Travel basic makes an ideal choice for budget-minded people, whereas travel select is an all-rounder that offers free coverage to children under 18 years old. Voila!
In a nutshell, having travel insurance is way better than requiring it and not owning it.