Travel Insurance

Travelex Travel Insurance Review 2024 – Forbes Advisor

Travelex Travel Basic Plan

This budget-friendly plan offers pre- and post-departure coverage with adequate limits. Benefits include trip cancellation, trip delay, trip interruption, emergency evacuation, emergency medical insurance, and baggage and personal effects coverage.

Your US health plan may provide little or no coverage outside the country and Medicare isn’t accepted in other countries, which is why travel medical insurance is essential if going abroad.

If you’re on a domestic trip, your US health insurance can apply if you’re hurt or get sick. Some travel insurance companies make you file a claim first with your health insurance company. With the Basic plan, medical expense coverage is primary, which means claims are filed first with Travelex, not your health insurance company.

If you purchase a Travel Basic plan within 15 days of your first trip payment, coverage for trip cancellation includes financial default—if your airline, cruise line, or tour operator goes bankrupt—and cancellation for business reasons if you’re required to work during the dates of your trip.

“Cancel for any reason” coverage is not available with the Travel Basic plan.

Travelex Travel Select Plan

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.

Another benefit of the Travel Select plan is the option to request a pre-existing medical condition exclusion waiver, if you have an existing condition you would like covered while you travel. These waivers can be requested at no charge with Travel Select, provided you purchase your travel insurance within 15 days of making your first trip payment.

The Travel Select plan also offers optional upgrades not available with the Basic plan:

  • “Cancel for any reason” coverage
  • Higher medical expense limits to provide and an extra layer of coverage
  • Adventure sports coverage

Additionally, children under age 17 are included under a Travel Select plan for free, as long as their trip cost doesn’t exceed yours.

Travelex Travel America Plan

The Travel America plan from Travelex is designed for the domestic traveler and groups taking a trip of no more than 14 days.

It includes all the standard types of travel insurance coverage as the Basic and Select plans, with varying differences in coverage amounts. Most notably, Travel America has caps on the maximum amounts for trip cancellation and trip interruption.

The Travel America plan has shared benefits for up to eight travelers, meaning the plan’s coverage limits are shared across all the people listed on the policy.

It also includes $1,000 in emergency pet medical expenses, with a $50 deductible. Additionally, it provides $10,000 in “pet return” coverage, which helps pay for transportation for your pet if you were to get sick or injured during your trip and were unable to travel.

You can be covered for pre-existing medical conditions if you purchase the Travel America insurance plan within three days of your final trip payment. You can get this pre-existing condition coverage only if you are physically able to travel at the time you purchase the policy.