10 Best Travel Insurance Companies: The best travel insurance companies are PrimeCover, Travel Insured International, and WorldTrips, according to our analysis of 42 policies. Travel insurance policies can compensate you for unforeseen events that may occur before or during your trip.
Examples include if you have to cancel your trip for a reason listed in the policy, experience a delay, or are injured during your trip. Our analysis found that the average cost of travel insurance is 6% of the cost of your insured trip.
10 Best Travel Insurance Companies
PrimeCover
- Rating: 5.0
- Plan Type: Luxury
- Average Cost: $496
Medical and Evacuation Limits per Person:
- Medical Coverage: $250,000
- Medical Evacuation: $1 million
Our Expert Opinion: We recommend the Luxe policy due to its higher benefit limits for most basic coverage types. Its generous evacuation coverage, short waiting periods for delays, and the broad range of optional benefits make it a standout choice.
Pros and Cons
Pros:
- Hospital of Choice: Allows you to choose your medical facility for evacuation, rather than being transported to the nearest center.
- Non-Medical Evacuation Benefits: $100,000 coverage.
- Trip Interruption Reimbursement: 200% of trip cost, double that of many competitors.
- Cancellable for Any Reason Upgrade: Available within 21 days of the initial trip deposit (15 days for many other top-rated companies).
Cons:
- Medical Coverage Limit: $250,000 per person, while some competitors offer up to $500,000.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $250,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $100,000 per person |
| Cancellation for Work Reasons | Not Included |
| Trip Interruption | 200% of the trip cost |
| Travel Delay | $3,000 per person (up to $250 daily limit); Covered after a 6-hour delay |
| Baggage Delay | $600 per person; Covered after an 8-hour delay |
| Luggage and Personal Items | $3,000 per person ($500 per item, $1,000 limit on specific items) |
| Lost Connection | $1,500 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 12-hour delay with a common carrier |
| Dismiss | Covered if used for one continuous year |
| Accidental Death and Dismemberment | $50,000 per person |
Additional Benefits: # $300 for changing original travel arrangements (e.g., changing airlines) # $500 for itinerary changes # $500 for lost golf fees; $150 for lost ski/snowboard fees # $1,500 rental property damage liability benefits # $5,000 for search and rescue # $1,000 for sports equipment rental # $100 each for travel inconvenience due to closed attractions or flight diversions
Optional Supplemental Coverage:
- AD&D flight-only options: $100,000, $250,000, and $500,000
- “Cancel for Any Reason” upgrade
- Increased travel delay coverage options: $4,000 or $7,000
- “Interruption for Any Reason” upgrade
- Rental vehicle damage coverage: $50,000
Many You Also like:
- 8 Best Car Insurance Companies in 2024
- 10 Best Life Insurance Companies
- 7 Best Pet Insurance Companies
- How Long After Accident Can You File Claim?
- 10 Best Travel Insurance Companies
Travel Insured International
- Rating: 5.0
- Plan Type: International Insured Travel
- Average Price: $370
Medical and Evacuation Limits per Person:
- Medical Coverage: $100,000
- Medical Evacuation: $1 million
Our Expert Opinion: We recommend Travel Insured’s Worldwide Trip Protector policy for its comprehensive benefits at a competitive price. It stands out for its high non-medical evacuation coverage and low average price among top-rated plans.
Pros and Cons
Pros:
- Cancellation and Interruption Upgrades: Available for any reason and any interruption reason.
- Non-Medical Evacuation Benefits: Generous $150,000 coverage.
- Travel and Baggage Delay Benefits: Begin after just three hours.
- Affordable Pricing: Offers solid benefits at a lower cost compared to many competitors.
Cons:
- Medical Coverage: At $100,000 per person, it’s lower compared to some competitors.
- Missed Connection Benefits: Limited to $500 and only for cruises and tours.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $100,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $150,000 per person |
| Cancellation for Work Reasons | Included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $1,500 per person (up to $200 daily limit); Covered after a 3-hour delay |
| Baggage Delay | $500 per person; Covered after a 3-hour delay |
| Luggage and Personal Items | $1,000 per person ($250 per item; $500 limit on specific items) |
| Lost Connection | $500 per person; Covered after a 3-hour delay (cruises and tours only) |
| Hurricane and Weather | Covered after a 6-hour delay with a common carrier |
| Dismiss | Covered if used for one continuous year |
| Accidental Death and Dismemberment | $10,000 per person |
Additional Benefits:
- Pet Kennel Benefits: Up to $500 if you return home three hours or more after your planned return date.
- Rental Vehicle Damage and Theft Coverage: Up to $50,000.
- Event Ticket Protection: Up to $1,000 if you can’t attend an event due to a covered reason.
- Travel Inconvenience Coverage: For unforeseen circumstances like closed attractions and tarmac delays.
- Bed Rest Benefits: Up to $4,000 if a doctor requires bed rest for at least 48 hours during your trip.
Expert Insight: Stephanie Goldberg-Glazer, Experience Director for Live Well, Travel Sometimes, notes that she has worked with Travel Insured for over 15 years, highlighting their responsiveness and timely claims processing.
WorldTrips
- Rating: 5.0
- Plan Type: World Travel
- Average Price: $408
Medical and Evacuation Limits per Person:
- Medical Coverage: $250,000
- Medical Evacuation: $1 million
Our Expert Opinion: The Atlas Journey Elevate plan is praised for its extensive range of add-ons, providing enhanced coverage for pets, adventure sports, and medical expenses. Despite its broad coverage options, it maintains a lower average cost compared to many competitors.
Alternative Option: The Atlas Journey Escape plan offers lower travel medical benefits ($150,000 per person) and lacks the “interruption for any reason” upgrade but is still a cost-effective choice with solid benefits.
Pros and Cons
Pros:
- Cancellation for Any Reason: Available, providing greater flexibility.
- Trip Delay Benefits: Up to $2,000 per person after a 5-hour delay.
- Luggage Insurance: Generous coverage up to $2,500.
- Comprehensive Coverage Add-Ons: Includes options for pets, adventure sports, and more.
Cons:
- Medical Coverage Limits: At $150,000 per person, it’s lower than some top competitors.
- Baggage Delay Benefits: Covered only after a 12-hour delay.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $150,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | Not included (upgrade available) |
| Cancellation for Work Reasons | Included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $2,000 per person (up to $200 daily limit); Covered after a 5-hour delay |
| Baggage Delay | $500 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $2,000 per person ($500 per item) |
| Lost Connection | $2,000 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 12-hour delay with a common carrier |
| Dismiss | Covered after a 30-day wait if used for a continuous year |
| Accidental Death and Dismemberment | $25,000 per person |
Additional Benefits:
- Travel Inconvenience Benefits: $750 for delays causing inability to work, alternative landing airport, stolen passport, and more.
- Optional Add-Ons:
- “Cancellation for Any Reason” and “Interruption for Any Reason” Coverage
- Destination Wedding Coverage: If the wedding is canceled.
- Updated Luggage Insurance: Up to $4,000 per person.
- Rental Vehicle Coverage: Up to $50,000 for theft and damage.
- Political or Security Evacuation: Up to $150,000 per person.
- Vacation Rental Accommodation Coverage: $500 for dirt or overbooking.
- Adventure Sports Coverage: For activities like safaris, bungee jumping, etc.
- Hunting and Fishing Coverage: For equipment and cancellation due to restrictions.
- School Activities Coverage: If cancellation is due to exams or sporting events.
Additional Information: WorldTrips is noted for its user-friendly online process for purchasing insurance and filing claims, contributing to high customer satisfaction.
TravelSafe
- Rating: 4.8
- Plan Type: Safe Journey
- Average Price: $431
Medical and Evacuation Limits per Person:
- Medical Coverage: $100,000
- Medical Evacuation: $1 million
Our Expert Opinion: The Classic Plus Plan is notable for its excellent lost connection benefits and strong medical evacuation coverage. Although the medical coverage limit is lower compared to some competitors, it still offers solid protection and benefits.
Pros and Cons
Pros:
- “Cancel for Any Reason” Upgrade: Available for added flexibility.
- Lost Luggage Coverage: Up to $2,500, higher than many competitors.
- Travel Delay Coverage: Up to $2,000 per person after a 6-hour delay.
- Medical Evacuation Coverage: Comprehensive at $1 million.
Cons:
- Medical Coverage Limit: At $100,000 per person, it’s lower than some top-rated competitors but may still be sufficient for your needs.
- Baggage Delay Coverage: $250 per person, which is lower compared to some other plans.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $100,000 per person (Primary coverage) |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $25,000 per person |
| Cancellation for Work Reasons | Included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $2,000 per person (up to $150 daily limit); Covered after a 6-hour delay |
| Baggage Delay | $250 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $2,500 per person ($300 per item; $600 specific item limit) |
| Lost Connection | $2,500 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 12-hour delay with a common carrier |
| Dismiss | Covered after a 14-day wait if used for a continuous year |
| Accidental Death and Dismemberment | $25,000 per person |
Additional Benefits:
- Itinerary Change Coverage: $250 per person for changes made by your travel provider affecting non-refundable costs.
- Frequent Flyer Award Refund: $300 for redeposit fees due to a covered reason.
- Pet Kennel Coverage: $100 per day if your return is delayed by 24 hours or more due to a covered reason.
Optional Add-Ons:
- “Cancellation for Any Reason” Coverage: Covers 75% of the costs of the lost trip.
- Accidental Death and Dismemberment on Flights: Up to $500,000 per person.
- Rental Vehicle Coverage: Up to $35,000 for damage and theft.
- Business and Sporting Equipment Coverage: $1,000 for loss, theft, or damage.
Additional Information: TravelSafe offers robust coverage at a competitive price and is recognized for its efficient claims handling, contributing to a positive customer experience.
Nationwide
- Rating: 4.6
- Plan Type: On a National Scale
- Average Price: $485
Medical and Evacuation Limits per Person:
- Medical Coverage: $150,000
- Medical Evacuation: $1 million
Our Expert Opinion: Nationwide’s Cruise Luxury Plan is highly recommended for its comprehensive benefits, including “interruption for any reason” and “cancellation for work reasons” coverage. The plan also stands out with a high lost connection benefit. Despite some lower medical coverage limits compared to other top plans, it offers strong overall protection and flexibility.
Pros and Cons
Pros:
- “Interruption for Any Reason” Benefit: Provides up to $1,000 per person.
- Non-Medical Evacuation Coverage: $25,000 per person for issues like natural disasters or political unrest.
- Travel Delay Coverage: Up to $1,000 per person, covered after a 6-hour delay.
- Lost Connection Coverage: $2,500 per person, covered after a 3-hour delay.
Cons:
- Medical Coverage Limit: At $150,000 per person, it’s lower than many competitors, though it may still be adequate for your needs.
- Hurricane and Severe Weather Coverage: Requires a 24-hour delay, whereas some policies require only a 12-hour delay.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $150,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $25,000 per person |
| Cancellation for Work Reasons | Included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $1,000 per person (up to $200 daily limit); Covered after a 6-hour delay |
| Baggage Delay | $1,000 per person; Covered after a 6-hour delay |
| Luggage and Personal Items | $2,500 per person ($500 per item; $1,000 limit on specific items) |
| Lost Connection | $2,500 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 24-hour common carrier delay |
| Dismiss | Covered if used for 3 continuous years |
| Accidental Death and Dismemberment | $25,000 per person |
Additional Benefits:
- Inconvenience Benefit: $250 per person if the cruise’s arrival at the next port is delayed by two hours or more due to mechanical breakdown or fire.
- “Interruption for Any Reason” Benefit: Up to $1,000.
- Additional Coverage: Includes extension of the school year, terrorism issues, work-related emergencies, and health warnings from the CDC.
Optional Add-On:
- “Cancellation for Any Reason” Upgrade: Provides a refund of 75% of the insured trip cost if you cancel at least two days before departure for a reason not covered by the base policy.
Additional Information: Nationwide is known for its reliable insurance track record, offering good coverage, especially for cruises. Although some medical limits are lower than other companies, the affordability and comprehensive benefits make it a strong option.
AIG
- Rating: 4.3
- Plan Type: Travel Guard Deluxe
- Average Price: $539
Medical and Evacuation Limits per Person:
- Medical Coverage: $100,000
- Medical Evacuation: $1 million
Our Expert Opinion: The Travel Guard Deluxe Plan stands out for its extensive range of optional upgrades and customizable coverage. It’s particularly notable for its inclusivity of travel inconveniences, medical evacuation, and flexibility for early trip commencements. However, the plan’s higher average cost might be a consideration for some travelers.
Pros and Cons
Pros:
- Customizable Upgrades: Offers a range of optional add-ons for pets, weddings, security, luggage, healthcare, adventure sports, and travel inconvenience.
- Medical Evacuation: Top-tier coverage with up to $1 million per person.
- Travel Inconvenience Coverage: Up to $750 for issues such as flight delays and cruise detours.
- Travel Delay Coverage: $1,000 per person with a 5-hour waiting period.
Cons:
- Medical Coverage Limit: At $100,000 per person, it may be lower than some competitors, though it might suffice depending on your needs.
- Higher Cost: The average cost of $539 is relatively high compared to other top-rated policies.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $100,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $100,000 per person |
| Cancellation for Work Reasons | Included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $1,000 per person ($200 daily limit); Covered after a 5-hour delay |
| Baggage Delay | $500 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $2,500 per person |
| Lost Connection | $1,000 per person |
| Hurricane and Weather | Included |
| Dismiss | Covered if used for 1 continuous year |
| Accidental Death and Dismemberment | $30,000 per person |
Additional Benefits:
- Travel Inconvenience Benefits: Up to $750 total ($250 per issue) for problems like closed attractions or hotel issues.
- Trip Exchange Benefits: Covers 50% of the cost difference for changing reservations.
- Ancillary Evacuation Benefits: Up to $5,000 for expenses related to the return of children, bedside visits, baggage return, etc.
- In-Flight Accidental Death and Dismemberment: $100,000 per person.
Optional Add-Ons:
- “Cancel for Any Reason” Update
- Rental Vehicle Damage Coverage
- “Name Your Family” Upgrade: Adds coverage for family members in unforeseen events.
- Adventure Sports Package: Covers extreme and adventure activities.
- Pet Package: Covers accommodation and medical expenses for pets, including trip cancellation or interruption if the pet is critically ill or dies.
- Wedding Package: Covers trip cancellation if the wedding is canceled (note: does not cover if you are the bride or groom).
Additional Information: Travel Guard’s easy-to-use online platform facilitates purchasing insurance and filing claims, making the process straightforward and efficient.
Seven Corners (SC)
- Rating: 4.3
- Plan Type: Seven Corners (SC)
- Average Price: $527
Medical and Evacuation Limits per Person:
- Medical Coverage: $500,000
- Medical Evacuation: $1 million
Our Expert Opinion: The Seven Corners Trip Protection Choice plan excels in travel medical and evacuation coverage, offering high limits and a range of upgrade options. It’s a strong choice for those needing substantial medical coverage and benefits. However, the higher average cost might be a consideration for some travelers.
Pros and Cons
Pros:
- Medical Coverage: High limit of $500,000 for medical emergencies and $1 million for medical evacuation.
- Travel Delay Coverage: Up to $2,000 per person with a 6-hour delay requirement.
- Optional Upgrades: Offers “Cancel for Any Reason” and “Interruption for Any Reason” coverage.
- Accidental Death and Dismemberment Coverage: Enhanced coverage of $40,000 per person for common carrier events.
Cons:
- Medical Coverage Limit: While high, some may find $500,000 lower compared to other plans offering higher amounts.
- Hurricane and Weather Coverage: Requires a 48-hour delay, which is longer than some competitors’ 12-hour delay requirement.
- Average Cost: At $527, it’s somewhat higher compared to other top-rated policies.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $500,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $20,000 per person |
| Cancellation for Work Reasons | Not included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $2,000 per person ($250 daily limit); Covered after a 6-hour delay |
| Baggage Delay | $500 per person ($100 daily limit); Covered after a 6-hour delay |
| Luggage and Personal Items | $2,500 per person ($250 per item; $1,000 limit on specific items) |
| Lost Connection | $1,500 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 48-hour common carrier delay |
| Dismiss | Covered after a 30-day wait if employed for 1 continuous year |
| Accidental Death and Dismemberment | $20,000 per person |
Additional Benefits:
- Accidental Death and Dismemberment (Common Carrier): $40,000 per person
- Compensation Change Fee: Up to $300 per person for flight or travel arrangement changes due to qualifying events.
- Pet Kennel Benefits: $500 if your return home is delayed by 6 hours or more.
- Frequent Flyer Coverage: $500 to redeposit awards due to a covered trip cancellation.
Optional Add-Ons:
- “Cancellation for Any Reason” Coverage
- “Interruption for Any Reason” Coverage
- Rental Vehicle Damage Coverage: Up to $35,000
- Sports and Golf Equipment Rental Coverage: Up to $5,000
- Event Ticket Registration Coverage: Up to $15,000 for events you can’t attend due to unforeseen reasons.
Additional Information: Seven Corners has over two decades of experience in the insurance industry, known for reliability and efficient claims handling. The Choice Plan offers primary coverage, ensuring faster claim processing.
AXA Assistance USA
- Rating: 4.2
- Plan Type: AXA Assistance USA (AXA)
- Average Price: $470
Medical and Evacuation Limits per Person:
- Medical Coverage: $250,000
- Medical Evacuation: $1 million
- Non-Medical Evacuation: $100,000
Our Expert Opinion: AXA’s Platinum plan is notable for its comprehensive coverage, especially for medical and evacuation needs. The plan’s strong baggage benefits and optional add-ons make it a solid choice for travelers seeking robust protection. However, coverage for delays and baggage issues only kicks in after a 12-hour delay, which might be longer compared to other plans.
Pros and Cons
Pros:
- Medical Coverage: Generous limits of $250,000 for medical emergencies and $1 million for evacuation.
- Non-Medical Evacuation: High limit of $100,000 per person.
- Baggage Benefits: Excellent coverage of $3,000 per person for lost or damaged baggage.
- Optional Upgrades: Includes “Cancel for Any Reason” and various add-ons like coverage for lost ski days and golf rounds.
Cons:
- Delay Coverage: Travel and baggage delay benefits only start after a 12-hour delay, which may be longer than some other plans.
- Coverage for Hurricane and Weather: Covered only after a 48-hour common carrier delay, which is a longer waiting period compared to some competitors.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $250,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | $100,000 per person |
| Cancellation for Work Reasons | Not included |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $1,250 per person ($300 daily limit); Covered after a 12-hour delay |
| Baggage Delay | $600 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $3,000 per person ($500 per item; $1,000 limit on specific items) |
| Lost Connection | $1,500 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a 48-hour common carrier delay |
| Dismiss | Covered if used for 1 continuous year |
| Accidental Death and Dismemberment | $50,000 per person |
Additional Benefits:
- Coverage for Lost Ski Days: Compensation for missed ski days.
- Coverage for Lost Golf Rounds: Compensation for missed rounds of golf.
- Rental Vehicle Damage Coverage: Available with an optional add-on.
Optional Add-Ons:
- “Cancellation for Any Reason” Coverage
- Rental Vehicle Damage Coverage: Up to $50,000
- Coverage for Lost Ski Days and Golf Rounds
Additional Information: AXA Assistance USA is well-regarded for its extensive network of medical providers and global reach, making it a reliable choice for comprehensive travel protection. Their focus on including benefits for a wide range of scenarios adds extra security for travelers.
Generali Global Assistance
- Rating: 4.2
- Plan Type: Generali Global Assistance (Generali)
- Average Price: $496
Medical and Evacuation Limits per Person:
- Medical Coverage: $250,000
- Medical Evacuation: $1 million
- Non-Medical Evacuation: Not included
Our Expert Opinion: Generali’s Premium plan is notable for its generous coverage period for pre-existing conditions, which is extended to 24 hours after the initial deposit. This is more flexible compared to the 10 to 20 days offered by many competitors. The plan also offers excellent trip interruption coverage and high medical evacuation limits.
Pros and Cons
Pros:
- Trip Interruption Coverage: Up to 175% of the trip cost, which is higher than most competitors.
- Lost Luggage Coverage: Generous $2,000 per person.
- Pre-Existing Conditions: Coverage is available if purchased within 24 hours of the initial deposit, giving more flexibility.
- Travel Delay Coverage: Beneficial coverage starting after a 6-hour delay.
- Optional Upgrades: Includes various add-ons like “Cancel for Any Reason” and sports equipment coverage.
Cons:
- “Cancel for Any Reason” Coverage: Provides only 60% reimbursement for missed trips, which is lower than the 75% offered by many competitors.
- Baggage Delay Benefits: Activation after a 12-hour delay, which might be longer than some other plans.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $250,000 per person |
| Medical Evacuation and Repatriation | $1 million per person |
| Non-Medical Evacuation | Not included |
| Cancellation for Work Reasons | Not included |
| Trip Interruption | 175% of the trip cost |
| Travel Delay | $1,000 per person ($300 daily limit); Covered after a 6-hour delay |
| Baggage Delay | $500 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $2,000 per person |
| Lost Connection | $1,000 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after any period of delay by common carrier |
| Dismiss | Covered if used for 1 continuous year after a 14-day waiting period |
| Accidental Death and Dismemberment | $50,000 per person ($100,000 policy limit) |
Additional Benefits:
- Rental Car Coverage: Up to $25,000 for theft and damage.
- Sports Equipment Coverage: $2,000, including delay coverage of $500.
Optional Add-Ons:
- “Cancellation for Any Reason” Coverage: Refunds 60% of the trip cost if canceled at least 48 hours before departure.
Additional Information: Generali Global Assistance stands out for its user-friendly services and efficient claims processing, enhancing the overall customer experience. The inclusion of concierge services can be particularly valuable during unforeseen travel interruptions.
Travelex Insurance Services
- Rating: 4.2
- Plan Type: Travelex Insurance Services
- Average Price: $391
Medical and Evacuation Limits per Person:
- Medical Coverage: $50,000
- Medical Evacuation: $500,000
- Non-Medical Evacuation: Not included
Our Expert Opinion: The Travelex Travel Select plan is particularly recommended for families as it covers children at no additional cost, provided they are accompanied by an adult covered by the policy. The plan’s price is relatively low, making it an affordable option. However, it’s worth noting that its medical coverage is on the lower side compared to some competitors, but upgrades are available.
Pros and Cons
Pros:
- “Cancel for Any Reason” Coverage: Available, allowing more flexibility in case of cancellation.
- Travel Delay Coverage: Generous $2,000 per person after a 5-hour delay.
- Family-Friendly: Covers children at no extra cost when traveling with an adult covered by the policy.
- Affordable: The average cost is lower than many other plans, making it budget-friendly.
- Optional Upgrades: Allows for enhanced medical and evacuation coverage, as well as “Cancel for Any Reason” upgrades.
Cons:
- Medical Coverage: $50,000 per person may be insufficient for some travelers; however, an upgrade is available to double this limit.
- Baggage Delay Coverage: Requires a 12-hour delay and offers a low limit of $200 per person.
- Lost Connection Benefits: $750 per person is lower than many competing plans.
Coverage Details :
| Type of Coverage | Coverage Limit |
|---|---|
| Medical Emergency | $50,000 per person |
| Medical Evacuation and Repatriation | $500,000 per person |
| Non-Medical Evacuation | Not included |
| Cancellation for Work Reasons | Covered if purchased within 15 days of trip deposit |
| Trip Interruption | 150% of the trip cost |
| Travel Delay | $2,000 per person ($200 daily limit); Covered after a 5-hour delay |
| Baggage Delay | $200 per person; Covered after a 12-hour delay |
| Luggage and Personal Items | $1,000 per person; $500 limit for the first item, $250 for subsequent items, $500 for specific items |
| Lost Connection | $750 per person; Covered after a 3-hour delay |
| Hurricane and Weather | Covered after a common carrier delay for any period |
| Dismiss | Covered if used for 1 continuous year |
| Accidental Death and Dismemberment | $25,000 per person |
Additional Benefits:
- Sports and Golf Equipment Delay: $200 after 24 hours or more.
- Rental Car Collision Coverage: Up to $35,000.
Optional Add-Ons:
- Increased Medical Coverage: Upgrade to $100,000 per person.
- Enhanced Medical Evacuation: Upgrade to $1 million per person.
- “Cancel for Any Reason” Coverage: Refunds 75% (up to a maximum of $7,500) if purchased.
- Accidental Death and Dismemberment on Flights: Coverage of $200,000 per person.
- Financial Default Coverage: 100% refund if the travel provider goes bankrupt.
- Adventure Sports Coverage: Available as an upgrade.
Additional Information: Travelex Insurance Services offers straightforward coverage options, making it a suitable choice for first-time travel insurance buyers. It is valued for its family-friendly benefits and ease of use. However, its basic plans might not offer the depth of coverage found in more premium options.
When Not to Take Out Travel Insurance
Here’s a summary of when you might not need travel insurance and some key insurance terms:
- Reimbursable Expenses: If your airfare and hotel expenses are fully refundable, you might not need travel insurance.
- Affordable Loss: If you can afford to lose the non-refundable costs, it may not be necessary.
- Domestic Travel: If you’re not traveling internationally, the need for travel insurance is reduced.
- Healthcare Access: If you’re not traveling to a remote area with limited healthcare facilities, you might not need it.
- Weather Conditions: If your destination is not prone to severe weather or hurricanes, insurance might be less crucial.
- Direct Flights: With a direct flight, the risk of delays and cancellations is lower.
- No Trip Investment Risk: If you won’t face significant losses if you need to cancel or shorten your trip, insurance may be optional.
- Credit Card Coverage: If your travel insurance credit card offers adequate coverage, additional insurance might be redundant.
- New Airline Refund Rule: From October 2024, airlines are required to provide automatic cash refunds for domestic flight cancellations or delays of three hours or more. If your trip is domestic and you don’t have large prepaid deposits, you might skip travel insurance.
Key Travel Insurance Terms
- Emergency Medical Evacuation Insurance: Covers the cost of transportation to the nearest medical facility in case of a serious emergency.
- Travel Delay Insurance: Compensates for additional expenses incurred due to delays, such as food and accommodation. Coverage typically starts after a specified delay period.
- Trip Interruption Insurance: Reimburses non-refundable costs if you need to cut your trip short due to covered reasons, or helps with last-minute travel expenses.
- Luggage Insurance: This covers the cost of lost, stolen, or damaged belongings, and may include reimbursement for essential items if the luggage is delayed.
- Cancellation for Any Reason (CFAR): Allows cancellation for any reason not covered by the policy and provides partial reimbursement (usually 50% or 75% of the trip cost). It typically adds about 50% to the cost of the policy.
- Interruption for Any Reason (IFAR): Allows you to shorten your trip for any reason and receive up to 75% refund on non-refundable costs. This typically adds between 3% and 10% to the policy cost.
- Accidental Death and Dismemberment Insurance (AD&D): Provides benefits in case of death or serious injury due to an accident during the trip.
Might You Like:
- Finding the Best Truck Injury Attorney Near You
- Best 18 Wheeler Accident Lawyer
- Best Big Rig Truck Accident Attorney
Evaluation Metrics for Travel Insurance
- Cost (25%): Average cost for different scenarios (e.g., couple, family, senior travelers).
- Lost Connection Coverage (10%): Policies with higher missed connection benefits score better.
- Medical Expenses (10%): Higher medical expense limits receive more points.
- Medical Evacuation (10%): Policies with higher evacuation limits are rated higher.
- CFAR Coverage (10%): Policies offering “Cancellation for Any Reason” upgrades are rated higher, especially with higher refund percentages.
- Baggage Delay Waiting Time (5%): Policies that cover baggage delays after 12 hours or less score better.
- Cancellation for Work Reasons (5%): Policies that allow cancellations for work reasons are rated higher.
- Hurricane and Weather Coverage (5%): Policies with shorter waiting periods for weather-related claims score better.
- IFAR Coverage (5%): Policies offering “Interruption for Any Reason” upgrades are rated higher.
- Pre-existing Conditions Waiver (5%): Policies covering pre-existing conditions (if purchased within a specified period) are rated higher.
- Travel Delay Waiting Time (5%): Policies that cover delays after six hours or less receive more points.
- Trip Interruption Reimbursement (5%): Higher reimbursement for trip interruptions is rated better.
This information should help you assess whether you need travel insurance and understand the key benefits and terms.
