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Travelex Insurance Services Overview

Travelex Insurance Services was launched in 1996 and has its headquarters in Omaha, Nebraska. The company offers a variety of travel insurance plans, which are available online, through tour operators and travel agencies, and in many airports. Travelex Insurance Services is part of the Travelex Group, which was founded by Lloyd Dorfman in 1976 and has its headquarters in the United Kingdom. As a whole, Travelex offers an array of services including currency exchange, international money transfers and prepaid credit cards.

What Are Travelex Insurance Services’ Ratings for Travel Insurance?

Travelex Insurance Services and its underwriters are well regarded by independent institutions. The insurance company has received an A+ from the BBB. The underwriters that Travelex Insurance Services has partnered with--Transamerica Casualty Insurance Company and Old Republic Insurance Company--both have been given A ratings from A.M. Best.

What Coverage Does Travelex Insurance Services Offer Through Its Travel Insurance Plans?

Travelex Insurance Services offers five general types of plans: Travel Basic, Travel Select, Travel Max, Business Traveler and Flight Insure Plus. Each plan is customizable and allows for a wide selection of upgrades to meet each traveler’s needs. Policies can be written to cover individuals or groups, offering single-trip or annual-membership protection.

Travel Basic is for trips with a total value up to $10,000 and a maximum length of 30 days. The plan includes essential travel insurance features:

- Trip cancellation

- Trip interruption.

- Missed cruise connection.

- Baggage delay.

- Medical expense benefits.

- Medical evacuation.

- Optional plan upgrades including rental vehicle coverage and other transportation-related features.

Travel Select provides coverage for trips valued up to $25,000 with a maximum trip length of 180 days. The plan offers a larger selection of features:

- The coverage offered by the basic plan but with higher limits.

- Medical coverage that allows for preexisting conditions.

- Coverage for children under 21 at no additional cost if accompanied by a paying adult.

- Optional plan upgrades including coverage for transportation, adventure vacations and professional trips.

Travel Max plans cover vacations costing up to $50,000 with a maximum trip length of 180 days. This type of plan offers a variety of features:

- The coverage offered by the basic plan but with higher limits.

- The extra coverage offered by the select plan (except for kids being covered at no additional cost).

- Coverage for transportation, pets and sports equipment rental.

- Coverage for adventure vacations and professionals trips.

- Optional plan upgrades including coverage if you want to cancel your trip for any reason.

Business Traveler plans are designed for small and medium-sized companies that want to provide workers with flexible travel insurance, covering trips with a maximum cost of $5,000 and a maximum trip length of 30 days. Plans are flexible and can include the following features:

- Trip interruption.

- Trip delay.

- Missed cruise connection.

- Baggage delay.

- Professional/business property.

- Medical evacuation.

- 24-Hour AD&D.

- Optional upgrades including trip cancellation, flight accident AD&D, medical expense benefits and rental vehicle coverage.

Flight Insure Plus is a highly customizable plan geared toward flight accident coverage, travel assistance and concierge services.

- Flight accident AD&D.

- Baggage delay.

- Medical expense benefits including in cases of sickness and accident.

- Medical evacuation.

- 24-Hour AD&D.

How Does Travelex Insurance Services Compare with Other Travel Insurance Companies?

Travelex Insurance Services and its parent company are internationally known for delivering quality services. Covering everything from a basic business trip to a luxurious family vacation, Travelex Insurance Services offers multiple types of insurance plans, which are each customizable to meet your specific needs. The company offers competitive rates, 24-hour emergency travel assistance and optional upgrades that many competitors don’t provide.

  • AM Best Financial Strength Rating
    A
  • Business Assistance
  • Car Rental Insurance
  • Medical Payments
  • Baggage Loss and Delay
  • Pet Care
  • Terrorism
  • Trip Cancellation
  • Trip Interruption Coverage
  • Annual Coverage
  • Group Plans
  • Long-Term International
  • Single Trip
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