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

Which is better, Allianz or Travelex? ›

Allianz Global Assistance Travel Insurance has a higher overall rating than Travelex Travel Insurance. Allianz Global Assistance scores better than Travelex across: Coverage, Extra Benefits, Financial Strength, and Price & Reputation.

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.

What is the best international travel insurance for seniors? ›

Compare Travel Insurance Companies for Seniors
CompanyBBB RatingRecommended Plan
Travelex GET QUOTEA+Travel Select
Berkshire Hathaway Travel Protection GET QUOTEA+LuxuryCare®
Nationwide Travel Insurance GET QUOTEA+Luxury Cruise
Generali Global Assistance GET QUOTEA+Premium
5 more rows
Apr 16, 2024

What is the best cheapest travel insurance? ›

The 7 Best Cheap Travel Insurance Companies Worth The Cost
CompanyAverage Plan CostCheapest Plan
Trawick International Compare Plans$212Safe Travels Voyager
Travelex Compare Plans$212Travel basic
Seven Corners Travel Insurance Compare Plans$216Trip Protection Basic
Generali Global Assistance Compare Plans$255Standard Plan
3 more rows

Who is the most reputable travel insurance company? ›

Our Rankings of the Best Travel Insurance Companies of 2024
  • Faye: Our top pick.
  • Travelex Insurance: Our pick for families.
  • Nationwide Travel Insurance: Our pick for cruise travel.
  • Tin Leg Travel Insurance: Our pick for customizable coverage.
  • Berkshire Hathaway Travel Protection: Our pick for luxury travelers.
Apr 19, 2024

What is the best company to get travel insurance from? ›

11 Best Travel Insurance Companies in April 2024
Best travel insurance categoryCompany winner
Best overallBerkshire Hathaway Travel Protection.
Best for emergency medical coverageAllianz Global Assistance.
Best for travelers with pre-existing medical conditionsTravel Guard by AIG.
8 more rows
4 days ago

What has happened to Travelex? ›

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.

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 company owns Travelex? ›

Does AARP offer international travel insurance? ›

While there are no AARP travel insurance products or discounts available for seniors, members can use the AARP website for trips and tricks on how to plan for international travel and information regarding how to choose the right insurance plan for older travelers.

Can a 70 year old get travel insurance? ›

Travel insurance companies consider people older than 70 to be at high risk for illness and injury. Because of this, most senior travel insurance plans have restricted policy maximum options, reduced benefits and higher premiums.

Should seniors buy travel insurance? ›

Since seniors and retirees are more likely to face a medical emergency during a trip, most travel insurance plans for seniors include coverage for emergency medical expenses and emergency medical evacuation. Coverages vary among plans, as do limits, so make sure to compare options before you book a trip overseas.

What travel insurance will 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.

How many days before should you buy travel insurance? ›

If you're wondering when you should buy travel insurance, the simple answer is as soon as possible. Ideally, you'll buy coverage no later than 15 days prior to your trip.

Is Allianz travel insurance good? ›

Allianz is a popular choice among business travelers due to its AllTrips Executive travel insurance policy with coverage for lost, stolen or damaged business equipment and rental car insurance. Earning 4.1 out of 5 stars, our expert reviewers think Allianz is a great choice for international travel insurance.

How reliable is Allianz travel insurance? ›

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

Who is Allianz biggest competitor? ›

Allianz competitors
  1. Generali. Diversified insurance & asset management firm. ...
  2. Zurich. Multi-line insurance provider. ...
  3. Blue KC. Online health insurance platform for groups, employees, and individuals. ...
  4. Prudential. ...
  5. Seguros SURA. ...
  6. AXA COLPATRIA. ...
  7. Seguros del Estado. ...
  8. Seguros Mundial.
Apr 22, 2024

Are Allianz a good insurance company? ›

We were voted Best motor insurance provider by our customers in the Insurance choice awards 2023.

What is the best health insurance for international travel? ›

Based on our comprehensive review, the companies offering the best travel medical insurance are Faye, IMG, Travelex, AIG Travel Guard and Allianz. Travel medical insurance is a specialized type of coverage that helps pay for medical bills and emergency evacuations if you're hurt or become sick while traveling.

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