Friday, September 22nd
2023 Travel Insurance Plan Reviews
Travelex Insurance Services
- 3 plans to choose from: Travel Basic, Travel Select, and Travel America
- Options for post-departure medical coverage and flight-only plans also
- "A+" rated and accredited by the BBB
- In business for 25+ years
Travelex Insurance is on a mission to provide "the best travel protection in the world while remaining true to the company's Midwestern values" . Headquartered in Nebraska and in business for over 25 years, this company is part of the Cover-More Group, a subsidiary of Zurich Insurance Group.
Just 3 plans to consider - with available upgrades
There are three main travel insurance plans to choose from here:
- Travel Basic: this is described as "extensive protection at a budget-friendly price" . You'll get up to $15,000 in emergency medical expenses (as primary insurance and no deductibles), up to $10,000 for trip cancellation/interruption, and several other benefits. You can also customize your quote with protection for car rental collision and AD&D. For our Mexico-bound case-study travelers (two 35-year-olds going for a week, six months in the future, for a total cost of $3,000), our premium was $136.
- Travel Select: this higher-tier policy gives you much more for your money. All children 17 and under are automatically covered when traveling with a covered adult. Your medical coverage jumps to $50,000, AD&D is included, and you can upgrade to include coverage for adventure sports, cancel for any reason, or add even more medical benefits. In the case of our sample travelers going to Mexico, the premium on this plan was $190 with no add-ons.
- Travel America: if you're staying stateside, this plan is the one for you. You can share benefits with up to 8 travelers, including up to $50,000 in emergency medical expenses, a three-day pre-existing condition exclusion waiver, car rental collision insurance and roadside assistance. This is only valid for trips of up to 14 days, but it's a flat rate premium of just $60.
Extra plans for other situations
When you're getting your quote, you may also spot links under the Plan Options for Post-Departure and Flight. Those will take you to Travelex's insurance policies for medical coverage after you've already left home, as well as an option for just covering your flights and nothing else.
Smooth site navigation
The quote platform here runs very smoothly, with just a few required questions and an easy-to-understand display of the options that match your travel plans. It was also nice to enter our information once and get every possible insurance plan, instead of having to input it over and over (like we had to do with some of Travelex's rivals).
Good reputation with the BBB
Travelex Insurance has a perfect score with the Better Business Bureau: "A+" and accreditation. We were pleased to see that there were only 25 complaints filed there in the last three years, which is pretty impressive for a company with a history spanning 25+ years.
Ignore the money transfer reviews
Don't get confused when you look for customer comments about this travel insurance company - because it often gets mixed up with Travelex for money transfers. They both seem to be operated by Zurich, but they're operated separately from one another. When we finally found the reviews from travel insurance policyholders, they were mostly positive. A few people had some issues with getting claims paid, but by and large they were handled well and within a reasonable amount of time.
Solid overall choice for travel protection
Travelex Insurance offers a nice range of policies that can cover just about every trip you could dream up. We feel especially enthusiastic about their Travel America option; how can you beat a flat rate of $60? While you'd obviously have more options by starting your search with a referral platform instead of going directly to the insurer, rest assured that no matter how you wind up with Travelex, you'll be in great hands for your travel insurance.
More Travel Insurance Plan Reviews
Who Offers the Best Travel Insurance?
With daily news stories of delayed and canceled flights, lost baggage, and travelers stranded overseas in the middle of a natural disaster, it's easy to see why travel insurance is so important. Like most types of insurance, travel insurance is bought in the hopes that you'll never need it. But, for most travelers, it's worth the price for the protection it provides.
Have you ever thought that this coverage was just an unnecessary, added expense? That's fairly common: most people assume that they've got protection through their credit card company, their regular health insurance, even their homeowners' policy. In some situations, that may be accurate - but unless you know the details of those types of coverage, you're more likely to be left paying out-of-pocket expenses you thought were taken care of... but aren't included.
Travel Insurance Plan FAQ
Continued from above...
And, even if you do have that kind of protection, travel insurance policies can amplify your benefits. For example, if you choose a plan that offers $500,000 in primary medical coverage, you might not need to touch your regular health insurance: your bills will be reimbursed up to that amount, no matter what your everyday health plan includes. Car rental insurance can go above and beyond what's paid for by your credit card company or even your own vehicle's coverage - and that can be critical if you're driving in another country and have an accident.
What type of travel insurance do you need? Naturally, that depends on your trip, your travel party, and your budget. A single-trip policy will be more affordable than multi-trip coverage - but if you're traveling internationally more than once in a year, the annual policy becomes much more economical. Do you need to be able to cancel for any reason? Is it important to you to have a waiver of the pre-existing conditions exclusion? Are there any children under 18 in your party that might be included at no extra charge, depending on the insurer you select? These are all factors that will influence your decision when picking a travel insurance plan.
Confused yet? You do have a lot of options. Here are some criteria to help you sort through them and ultimately wind up with the travel insurance coverage you need:
- Quote process. How easy is it to get a quote that matches your insurance needs? Does the site explain the questions it asks, and does it display all of the possible plans in a way you can understand? Can you buy your policy right then and there, or do you have to click through to another site?
- Value. What's included for your premium? From one site to another, you will probably see the same price on any given plan because the states regulate travel insurance prices. However, it's worth your time to compare premium prices and benefits among different insurers, so that you get the most for your money.
- Reputation. It's easy for an insurance company to get high marks from customers if they never had to make a claim on the policy. What do clients who've filed claims say about the way they were treated? Were they reimbursed quickly? Did they get updates about the status of the claim? It's also good to check the Better Business Bureau's rating of any travel insurance service you're going to use.
To help you get the protection you need on your next adventure, TopConsumerReviews.com has evaluated and ranked today's most popular sources of travel insurance. We're confident that this information will make it easy to protect yourself and what you've spent on your trip - and to have backup if something goes off track on your journey. Bon voyage!
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