Travelex Joins InsureMyTrip.ca's Growing Travel Insurance Offerings in Canada (2024)

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Travelex Joins InsureMyTrip.ca's Growing Travel Insurance Offerings in Canada? ›

Travelex Joins InsureMyTrip. ca's Growing Travel Insurance Offerings in Canada TORONTO, Jan. 17, 2024 /CNW/ -- InsureMyTrip, Canada's rapidly growing travel insurance comparison website, is excited to announce the addition of Travelex Insurance Services Canada Inc. to its portfolio of travel insurance providers.

For more than 25 years, Travelex Insurance Services has been a leading U.S. provider of travel insurance. In 2022, we expanded our service area, bringing the same quality products and services to Canada with full operations, including claims administration and travel assistance, based in Toronto.

Travelex Canada Ltd. provides personal and business banking services. The Company offers buy back plus, travelers' checks, cash passport, international phone cards, chip cash, tax refunds, money transfer, wires, and drafts, as well as commercial foreign exchange services and cash letters.

Travel Select is Travelex's highest-rated plan according to Forbes Advisor's ratings of the best travel insurance. It includes all the coverage in the Basic plan, with higher coverage amounts and optional add-ons. The Travel Select plan also includes sports equipment delay coverage.

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.

An American car insurance policy works the same way in Canada as it does in the U.S. Your comprehensive car insurance coverage and auto collision coverage, for example, still apply to damage to your vehicle if you're in an accident while driving in Canada.

Formerly part of now-defunct Finablr, Travelex's fortunes quickly turned due to the coronavirus pandemic and a cyberattack that forced it to temporarily disable its systems. It then went through a pre-pack administration that led to more than 1,300 job losses and saw its creditors seize control.

Travelex is the world's largest retail foreign exchange specialist. You can find us in 1,400 Bureau de Change outlets principally located in airports and tourist locations in over 100 airports, across 26 countries.

Travelex has better online rates than your bank so you can lock in a good initial loading rate and save. Plus they don't charge you ATM fees while you're overseas. Unfortunately, all of these conveniences comes with a high price tag.

What's the best international travel insurance? ›

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.

Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough.

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.

We're also the only property casualty company in the Dow Jones Industrial Average. Our more than 30,000 employees and 13,500 independent agents and brokers across the United States, Canada, the United Kingdom and Ireland help bring peace of mind to our customers.

Visitors traveling to Canada and to any country outside of their home country should have visitors health insurance. Most domestic policies will only cover you in your home country and have little to no coverage once you are traveling abroad. To learn more, visit Visitors Insurance and you can request a quote.