Do You Really Need Travel Insurance?

Many travelers thinking their health insurance or free credit card insurance will completely cover their out of pocket expenses. However, that’s often not the case. Consider the reasons below for purchasing travel insurance for your journey.

Health Insurance Doesn't Cover Everything

  • According to the US Department of State - Bureau of Consular Affairs your domestic health insurance may cover “customary and reasonable” costs overseas. However, they often won’t pay for a medical evacuation back to the US which can cost upwards of $50,000. That’s where Travelex travel insurance plans can help.

Credit Card Shortfalls

  • There’s a good chance your credit card provides some coverage for travel insurance. It’s important to check what coverage you actually have as this can vary depending on your card type, and can even cost you additional funds to invoke. Credit card companies often have a number of conditions in order for their insurance to apply. For example, you may have had to pay for the entire trip using that credit card. For higher benefits coverage, purchase a specific travel insurance plan.

Travel Investment

  • You don’t want to cancel a vacation, or lose the money you’ve invested. Cancel for a covered reason listed in your policy and Travelex can help.

Medical Expenses

  • If you’re traveling remotely you may not always have access to the best health care. Your health and safety is a priority. If an emergency medical evacuation is necessary, we will transport you to the nearest suitable hospital for treatment. Additional benefits include transportation of a visitor of your choice to stay with you or to transport any traveling children back home, should you become hospitalized.

Personal Belongings

  • A trip to the beach isn't much fun without a bathing suit. If your luggage is delayed or lost, Travelex plans go above and beyond. We can refund you for items lost, stolen or damaged, and reimburse you for necessary items you need to buy until your baggage is returned.

Travel Assistance & Concierge Services

  • Call the toll-free number 24/7 when you’re traveling, one toll-free call gives you access to a variety of travel services like medical emergency assistance and lost baggage retrieval.

What Am I Covered For?

  • Coverage limits vary depending on the plan you choose. Generally speaking, you’re covered for unforeseen events on your journey that fit within the items specified in your policy. We recommend reading your policy carefully to ensure you’re satisfied with the levels of coverage. Our plans come with a ‘15-day free look’ period where you can cancel the policy if you have not departed on your trip or filed a claim.

What Are Some Examples?

  • My daughter is too sick to travel - When you purchase a plan that offers trip cancellation/interruption coverage you may be eligible to cancel your trip for the unforeseen sickness - and be reimbursed for any non-refundable expenses relating to your trip.

  • My travel supplier just declared bankruptcy - Common carriers with financial difficulties are becoming increasingly common. Purchasing trip cancellation/interruption coverage from Travelex can protect you from losing your trip investment due to such an occurrence.

  • We were on our way home when the airline went on strike - The trip delay benefit offers coverage for additional meals and accommodations for strikes that affect public transportation.

  • I arrived but my luggage didn't - Whether your bag is lost or merely delayed, you can be reimbursed for the purchase of clothing and personal articles so you can enjoy your vacation.

  • My father-in-law fell and injured himself and I normally care for him - The illness or injury of family members is also included under covered reasons to cancel. It's important to remember that even if you are fit to travel; other events may make departing on your trip unthinkable.

  • We missed our connection because of a flight delay - Weather and mechanical difficulties often delays our arrival into our connecting city past the departure of the next flight. If the cause of the flight delay was at least 5 hours long, you may be reimbursed the un-used portion of your trip as well as for the additional accommodations and meals.

  • We were traveling when I suddenly developed chest pains - When a medical emergency happens far away from home and from proper medical facilities, you want to ensure you receive adequate care. Our medical evacuation benefit will cover emergency transportation for you to the nearest facility or back home.

  • A terrorist act has occurred in a city in which my flight will be connecting - Both domestic and international terrorist acts are covered reasons to cancel your trip and protect your investment from being lost.

  • My wallet, with my credit cards and passport, have been stolen - Emergency assistance services will assist you in reporting your lost documents and make arrangements for an emergency cash transfer should that be required.