Travelex Travel Insurance Review (2024)

Summary Of Our Travelex Travel Insurance Review

Ready to dive into our Travelex insurance reviews? We’re excited to unveil what we deem to be one of the best options for travel insurance in the entire industry. Travelex insurance services offer a wide range of travel insurance package plans and a couple of travel accident plans.

Their package plans include all the expected benefits at good limits and affordable pricing. Covered reasons for trip cancellation and interruption are extensive and include job loss, terrorism, death or hospitalization of a destination host, and many more.

Upgrades for additional medical coverage, adventure sports coverage, car rental collision coverage, and air accidental death & dismemberment coverage are available to help fill any gaps in their policies.

Their website is easy to use and their plan documents are easy to read – very easy. Getting a quote is simple and can be done right from the home page, so there’s no hunting and clicking to find what you need.

Travelex has made it easy to locate and calculate plan pricing across their plans. The intuitive quote and purchase processes at Travelex insurance are a huge reason we recommend this company to so many people. Plus, Travelex insurance plans are considered very affordable when compared to other plans. We’ll break all this and more down for you throughout our Travelex insurance reviews. But first, let’s go over some key takeaways from our Travelex travel insurance review.

Highlights of Travelex Insurance Services

  • Travelex insurance services’ plans are easy to understand and price, plus they are some of the most affordable plans on the market for excellent coverage.
  • Their plans also include comprehensive travel assistance services, including concierge, business, and travel emergency services with every plan.
  • Claims procedure instructions are clear and included right in the policy, so there’s no hunting for what you need to retain when it’s necessary to make a claim.
  • Kids are included at no additional cost on the Travel Select plan.

Travelex Travel Insurance plans

Now, let’s talk about the different Travelex travel insurance plans available. There are two categories we’re going to discuss – their package plans and their travel accident plans. We encourage you to stick with a package plan, but the travel accident plans may offer great value to you as well.

Package Plans

  • Travel Basic: Basic, affordable protection for those on a budget with useful optional upgrades. A good travel insurance plan for individuals and families on general vacations and on a budget. It provides coverage for the essential travel risks for trips of 30 days or less. The optional upgrade adds flight AD&D and coverage for rental cars.
  • Travel Select (most popular plan): Good coverage with multiple upgrades and children under 18 are covered at no additional cost. This is excellent family-friendly coverage for trips up to 364 days. Children under 18 are covered at no additional cost when traveling with a covered adult. Multiple upgrades allow you to customize the plan to suit your needs. Good coverage for all the expected package plan benefits.

Travel Accident Plans

  • Flight Insure: Excellent travel accident protection for single trips. This plan offers Air Accidental Death & Dismemberment and Trip Delay benefits for trips of 180 days or less. Select the amount of coverage up to $1,000,000.
  • Flight Insure Plus: Excellent travel accident protection for single trips. This is broad flight accident, medical, and evacuation coverage with a few extras for trips of 180 days or less. This is accident-only coverage for U.S. travelers with adequate medical coverage back home who need a little extra medical coverage for out-of-network costs and accidental death and dismemberment benefits.

Optional Coverage Available in Travelex Insurance Services’ Plans

Travelex insurance services offer four great plans that cover most travelers’ needs. However, if you’re looking to add additional coverage, you can consider the following upgrades below:

  • Optional Air AD&D of $200,000 per person.
  • Optional medical coverage adds an additional $50,000 in medical expense coverage and $500,000 in medical evacuation coverage.
  • Optional Adventurer sports coverage adds exclusion waiver for participation in professional athletic events, mountain climbing, operating an aircraft and travel on air-supported devices such as hot air ballooning.
  • Optional Car rental collision coverage up to $35,000 per plan for collision damage, vandalism, windstorm, hail, fire, or flood occurs to a rental car while on your trip ($100 deductible).

Final Thoughts On Our Travelex Insurance Reviews

Well, that concludes our Travelex insurance reviews. As you can see, Travelex insurance services offers a great range of plans that cover trip cancellation, trip delay coverage, coverage for kids at no extra cost, COVID-19 coverage, and much, much more. Finding your ideal plan through Travelex insurance services is easy, too. They have two package plans and two travel accident plans that will cover most of your needs. And when you consider the value you get in each plan, there’s no doubt about it – this is one of best travel insurance companies in the game right now. In fact, we recommend this travel insurance company to those traveling with their kids and family. You won’t find a better bargain!

If you want to learn more about your options, check out our Seven Corners Travel Insurance review, American Express Travel Insurance Review, or our Travel Guard Insurance Review. while we really do believe Travelex insurance services will be the right choice for any family traveling with kids, there are some other great options out there, as you’ll learn in our breakdown of the best family travel insurance reviews. You can also learn how to compare travel insurance plans against each other so you know you’re making the right choice.

No matter which of these travel insurance companies you end up going with, just make sure you pick the right coverage for your needs. The last thing you want is a fun trip to turn into a nightmare as you lose your initial cost, or worse, end up stuck without coverage overseas. By getting your travel insurance well in advance of your vacation or work-related trip, you’ll enjoy comfort and peace of mind knowing you’re protected. So, don’t delay any longer!

Travelex Travel Insurance Review (2024)

FAQs

Who underwrites Travelex travel insurance? ›

Travelex Insurance Services plans are underwritten by Berkshire Hathaway Specialty Insurance Company. Travelex Insurance Services is a subsidiary of Cover-More Holdings USA, Inc. which is a wholly owned subsidiary of Zurich Insurance Group Limited (“ZIG”), headquartered in Zurich, Switzerland.

Which insurance is best for international travel? ›

Some of the most beneficial and hence popular international travel covers are offered by the following companies:
  • ICICI Lombard.
  • HDFC Ergo.
  • Bajaj Allianz.
  • Reliance Insurance.
  • Royal Sundaram.

Does Travelex have a deductible? ›

With Travelex travel insurance, you can receive primary coverage with no deductibles. So, in the instance you incur a $20, $200, or $2,000 hospital bill, you aren't required to pay a deductible before your travel insurance plan kicks in.

What is the review period for Travelex insurance? ›

If you purchase either the Travel Basic or Travel Select plan, Travelex offers a 15-day look period in case you change your mind concerning your policy purchase and would like a refund.

What has happened to Travelex? ›

On 1 July 2020, Travelex ceased its international money transfer services in the UK and abroad, which had formerly been branded 'Travelex Wire'. On 6 August 2020, the business entered administration with PwC being appointed to multiple subsidiaries within the business that day.

Why use Travelex? ›

Pros of Travelling with a Travel Card

The Travelex Money Card lets you load up to 10 different currencies, making travelling to different destinations in the one trip easier, plus easily manage your travel money on the go with the Travelex Travel Money App.

What does travel insurance not cover? ›

Most travel insurance policies won't pay out if you're negligent while under the influence of alcohol or drugs, and have an accident or have property stolen.

Who is cheaper than travelers insurance? ›

Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.

How much does international travel insurance cost? ›

The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.

What is the fee for Travelex? ›

In-Store: FREE for top-ups of foreign currency (top-ups of AUD incur a fee of 1.1% of the amount or $15 whichever is greater). BPAY: Top-ups not made via travelex.com.au or the Travelex Money App incur a fee of 1% of the amount. - Funds will be allocated to your default currency.

How does Travelex work? ›

The Travelex foreign exchange rate applies when you top up funds onto the card into a currency other than the local home currency, but you will receive a quote before you process the transaction on the Travelex Money app, online or at your local Travelex store.

Is Travelex in the USA? ›

Travelex in the USA

You'll find us in hundreds of locations across the USA, and you can either visit our store locator to find your nearest one or take a look at our list of stores by state for more details.

Is Travelex no longer in the US? ›

Out of Business: According to information in BBB files, this business is no longer in business.

How many days before should you buy travel insurance? ›

Generally speaking, most travel insurance policies must be purchased at least 14 days prior to departure in order to be eligible for a full refund. If you purchase your policy after this time, you may still receive coverage but the cost and scope of coverage are likely to be much lower.

Is it better to buy travel insurance early or late? ›

In general, you can buy coverage any time before the date of your trip. That said, it's always best to buy coverage as soon as you make your reservations. The sooner you buy travel insurance, the sooner you'll be protected and the more benefits you may be eligible to receive.

Is Travelex a Berkshire Hathaway company? ›

What Is The Partnership? Berkshire Hathaway Travel Protection and Travelex Insurance Services have partnered to provide innovative travel protection plans to travel providers and their clients. We have transitioned BHTP partners to Travelex so they can sell Travelex travel insurance products.

Who underwrites nationwide travel insurance? ›

Nationwide FlexAccount Travel Cover is underwritten by U K Insurance Limited who are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Is Travelers insurance owned by MetLife? ›

Three years later, Citigroup sold Travelers Life & Annuity to MetLife. In 2003, Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses.

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