Travelex Insurance offers travel insurance to tourists of all ages, including seniors. This review explains what's covered and explores if it's worth it for you.
Travel Insurance Reviews

Travelex Insurance Review: A Great Value for Families

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It’s vacation planning time and you’re wrapped up in the excitement! I know the feeling well. You’re jazzed about sightseeing, you’re scoring deals on flights, and you’re booking the perfect hotel. Heck, I’m excited for you.

On the other hand, you probably haven’t given travel insurance a passing thought.

I get it. Paying for a “what if?” scenario can sometimes feel like a waste of money. Trust me, I hate wasting money, but I never travel without insurance. Even at cheap vacation destinations, emergency medical care can set you back thousands of dollars. That isn’t something you want to leave to chance!

Today, we’re reviewing the travel insurance plans offered by Travelex Insurance Services. If you’ve read our other travel insurance reviews, you know the drill: We’ve done the research and pulled the essential details so you don’t have to. We’ll go through Travelex’s core plans and show you what they cover, what they don’t, how much they cost, and who should consider them.

Let’s get to it!

Travelex Insurance Services at a Glance

Travelex Insurance logo

  • Founded in 1996
  • Headquartered in Omaha, NE
  • Offers four travel insurance plans
  • Plans provide primary coverage with no deductibles
  • Insurance benefits are underwritten by Berkshire Hathaway Specialty Insurance Company, TransAmerica Casualty Insurance Company, or Old Republic Insurance Company

Travelex Travel Insurance Products

Travelex offers their customers four travel insurance plans:

  • Travel Basic
  • Travel Select
  • Flight Insure
  • Flight Insure Plus

Travel Basic and Travel Select include trip insurance as well as post-departure benefits like emergency medical, while the Flight Insure plans focus on flight accident coverage. I’ll focus primarily on Travel Basic and Select since they will appeal to the majority of travelers.

Travelex Insurance: What’s Included

All plans include Travel Assistance, which is a 24-hour telephone service that travelers can use to get help with medical emergencies, replacing lost travel documents, and even arranging event tickets.

Note that for the plans that include it (Travel Basic and Travel Select), trip cancellation and interruption insurance apply only to covered reasons, which may include:

  • Illness, injury, or death
  • Inclement weather and natural disasters
  • Labor strikes
  • Financial default (when plan is purchased within 15 days of first trip deposit)
  • Business reasons (when plan is purchased within 15 days of first trip deposit)

Travel Select can be upgraded to cover cancellation for any reason, and we’ll get to that in a minute.

Let’s take a look at the specifics of what’s included with each of Travelex’s travel insurance plans.

Travel Basic

Travel Basic is Travelex’s solution for the budget-minded traveler with pricing starting at just $21. They recommend it for short domestic trips, and it’s easy to see why. Trip cancellation and interruption insurance cover the cost of your trip if your plans suddenly change, but – at just $15,000 – we believe the emergency medical coverage is too low for international travel.

For an additional fee, travelers can purchase car rental collision insurance and/or Accidental Death & Dismemberment common carrier (air).

The table below shows how much is covered for each category:

Travelex Travel Basic: What’s IncludedAmount Covered (Per Person)
Trip Cancellation100% of Insured Trip Cost
Trip Interruption100% of Insured Trip Cost
Trip Delay$500 ($250/day)
Missed Connection$500
Baggage & Personal Effects$500
Baggage Delay$100
Emergency Medical & Dental Expense$15,000 ($500 dental sublimit)
Emergency Medical Evacuation & Repatriation$100,000
Accidental Death & Dismemberment (AD&D)$10,000
Travel AssistanceIncluded

Travel Select

Travelex’s Travel Select is a more robust travel insurance plan that caters to families. All coverage categories see a boost relative to Travel Basic, with a significant jump for emergency medical coverage. While Travel Basic offers just $15,000, Travel Select provides a reasonable $50,000. The table below has the details for each coverage category.

Travelex Travel Select: What’s IncludedAmount Covered
Trip Cancellation100% of Insured Trip Cost
Trip Interruption150% of Insured Trip Cost
Trip Delay$750 ($250/day)
Missed Connection$750
Baggage & Personal Effects$1,000
Baggage Delay$200
Sporting Equipment Delay$200
Emergency Medical & Dental Expense$50,000 ($500 dental sublimit)
Emergency Medical Evacuation & Repatriation$500,000
Accidental Death & Dismemberment$25,000
Travel AssistanceIncluded

Perhaps the best feature of Travel Select is that kids under the age of 17 traveling with a covered family member get free coverage. This is a huge cost-savings for families traveling together – especially large ones!

Pricing for Travel Select starts at $28 with the following upgrades available for an additional fee:

  • Car rental collision insurance
  • AD&D common carrier (air)
  • Extra medical – additional $50,000 for medical expenses and $500,000 for medical evacuation
  • Adventure sport coverage
  • Cancel for any reason

We really like the cancel for any reason upgrade. Plans can change for all sorts of reasons, and the likelihood of that happening increases when you’re traveling with a group. If you’re planning an expensive trip, you want to protect your investment. By securing cancel anytime coverage, you know that if you have to change your plans for a reason that isn’t normally covered, you can get your non-refundable deposits back.

Flight Insure

Flight Insure provides no-frills flight accident coverage with $100 in trip delay protection for internet usage and travel assistance costs.

Travelex Flight Insure: What’s IncludedAmount Covered
AD&D Common-Carrier (Air Only)$300,000, $500,000, or $1 Million
Trip Delay$100
Travel AssistanceIncluded

Flight Insure Plus

Flight Insure Plus comes with the same flight accident and trip delay coverage as Flight Insure, plus post-departure benefits. See details below.

Travelex Flight Insure Plus: What’s IncludedAmount Covered
AD&D Common-Carrier (Air Only)$300,000, $500,000, or $1 Million
Trip Delay$100
Baggage & Personal Effects$1,000
Baggage Delay$500
Emergency Medical & Dental Expense$10,000 ($500 dental sublimit)
Emergency Medical Evacuation & Repatriation$100,000
Travel AssistanceIncluded

Insure Your Trip with Travelex – Protect your travel dollars from a whole host of issues, including illness, trip cancellation, and more. Get a free Travelex quote here.

Travelex Insurance: How Much Does it Cost?

The price of a Travelex insurance policy depends on several factors, the most important being the plan you select, the length of your trip, the cost of your trip, and the age of the travelers.


To give you an idea of how much Travelex’s plans cost, I’ll use the example of a family of four, ages 40, 38, 16, and 12. This hypothetical family lives in Indiana and is traveling to Australia for three weeks (lucky!). Their total trip cost is $14,000 (they didn’t use credit card rewards, unfortunately). Here’s what each plan would cost for the whole family:

  • Travel Basic: $599
  • Travel Select: $621
  • Flight Insure: $68 (for $300,000 in flight accident coverage)
  • Flight Insure Plus: $156 (for $300,000 in flight accident coverage)

So, what plan should they choose?

This is a pretty expensive trip, so the family probably wants to protect their investment. When traveling with a group, the chances that plans will change increases. That means they’re going to need trip protection in the event that they need to cancel their trip or return home before their scheduled flight. That narrows their choices down to Travel Basic and Travel Select since the flight protection plans don’t include trip insurance.

Travel Basic covers 100% of unreimbursed costs for trip cancellation and trip interruption; Travel Select covers 100% for cancellation and $150% for interruption. Either of these is fine. But when we look at the medical coverage, we see a big difference. Travel Basic covers $15,000 for emergency medical and dental expenses and $100,000 for emergency medical evacuation and repatriation; Travel Select covers $50,000 and $500,000.

If this family doesn’t already have substantial international medical coverage in place, they should go with Travel Select. The $15,000 in emergency medical expenses Travel Basic offers may not be enough to cover a medical emergency. And, really, Travel Select would only cost this family an extra $22 since the kids would be covered for free.

With that said, according to our research, Travelex is more expensive than some other travel insurance options. If you’d like to compare, you can find a list of the best travel insurance companies here.

This is just one example of Travelex Insurance policy pricing. Make sure you pop on the website to get a personalized quote and compare plans. Get a free quote here.

Travelex Travel Insurance: What Isn’t Covered?

Travelex Insurance offers travel insurance to tourists of all ages, including seniors. This review explains what's covered and explores if it's worth it for you.

Pre-existing medical conditions (if you don’t qualify for the waiver)

Pre-existing medical conditions are a sticky subject for travel insurance. Providers differ on whether or not they’ll cover them and how they define them.

Travelex Insurance defines a pre-existing medical condition as an injury or illness experienced within 60 days prior to purchasing your travel insurance plan. Those 60 days comprise what’s called a look-back period. As look-back periods go, 60 days is pretty short – I’ve seen them as long as two years! This is important because it means a condition is only considered pre-existing if you’ve had symptoms or sought treatment within the last 60 days. The shorter the look-back period, the better!

In addition to a short look-back period, Travelex offers a pre-existing medical condition exclusion waiver for the Travel Basic and Select plans. These are the conditions you need to meet to qualify:

  • Purchase your travel insurance plan within 15 days (Travel Basic) or 21 days (Travel Select) of making your first deposit on your trip
  • Insure the full cost of your trip
  • Be medically able to travel on the date you purchase your plan

If all these apply to you, any loss resulting from a pre-existing medical condition would be covered. Note that most providers that include an exclusion waiver require you to purchase your plan very shortly after booking your trip – so don’t wait.

If you don’t qualify for the waiver, losses related to any pre-existing medical condition would not be covered.

Extreme Sports

You can purchase adventure sports coverage as an upgrade with Travel Select, but – even with that – not all sports are covered. Here’s a list of what’s explicitly excluded:

  • Participation in professional athletic events
  • Motor sport or motor racing
  • Mountain climbing that requires the use of equipment
  • Operating or learning to operate any aircraft
  • Air travel on anything other than a regular airline or chartered flight

Mental Disorders

Losses related to mental, nervous, or psychological disorders are not covered by Travelex insurance plans.

Trips Less Than 100 Miles from Your Home

You probably wouldn’t buy travel insurance if you were taking a family camping trip 60 miles out, but just so you know, you’re not covered if your destination is less than 100 miles from home.

The Standard Stuff

Travelex Insurance excludes all the regular things travel insurance providers typically refuse to cover. That includes but is not limited to:

  • Losses related to the use of drugs and/or alcohol
  • Routine medical treatment
  • Anything related to pregnancy and childbirth that isn’t unexpected and unforeseeable
  • Losses associated with doing anything illegal
  • Riots, civil unrest, acts of war

Travelex Insurance: Who’s Covered?

Travelex travel insurance also covers travelers of any age, provided they are medically able to travel at the time they purchase their policy. So, seniors are good to go – as long as they don’t mind paying extra. The Travel Select policy that would cost the family of four $621 for three weeks in Australia? It would cost a 75-year-old solo traveler $1,040.

Travelex Insurance: Pros and Cons

Travelex Travel Insurance: Best FeaturesTravelex Travel Insurance: Where it Falls Short
Four plans to choose fromTravel Basic is too basic when it comes to medical coverage
No deductibleNo multi-trip or annual plans available
Pre-existing medical condition exclusion waiverCan be more expensive than other travel insurance companies
Short look-back period for pre-existing medical conditions
Upgrades available – extra medical coverage and cancel for any reason are standout options
Kids under 17 get free coverage with Travel Select
Coverage available for seniors

Who Should Buy Travelex Travel Insurance?

Families – The Travel Select plan is an excellent travel insurance policy for families. Kids under 18 traveling with an insured adult relative are covered for free – that’s a lot of savings for families, especially large ones. The plan itself offers decent coverage in all categories with the option to purchase upgrades. The cancel for any reason and extra medical coverage are attractive add-ons for families to consider.

Seniors – Travelex covers travelers of any age, as long as they are fit to travel on the date they purchase their policy. That’s great news for seniors – some providers will not insure them past a certain age.

Anyone Looking for Comprehensive Coverage – If you’re looking for a travel insurance product that includes trip protection, emergency medical treatment and evacuation, repatriation, and all the other standard benefits like baggage loss and delay, Travelex has a solution for you. For most people, that solution is Travel Select.

Budget Travelers – If you’re on a tight budget, I understand the urge to skip travel insurance, but don’t! Travelex’s Travel Basic protects your trip while offering some medical coverage and other post-departure benefits. If you’re traveling as a family, just be sure to compare quotes for Travel Basic and Select, because depending on the number of kids you have, Travel Select could work out to be the cheaper of the two.

Who Should Skip Travelex Travel Insurance?

Anyone Looking for More Than $100k in Medical Coverage – Travel Select offers a standard $50,000 in emergency medical expense coverage, which I consider reasonable but not particularly robust. I really like that you can add an additional $50,000 in coverage for a fee, though. That brings you to $100,000, which should be enough for most trips. However, if you’re looking for emergency medical expense coverage beyond $100,000, you’ll have to look elsewhere.

Mountain Climbers – If your travel plans involve some hardcore mountain climbing, Travelex isn’t going to cover you for losses related to that. We recommend checking out World Nomads – they cover mountain climbing up to 22,965 feet. Going higher than that? You might be on your own.

Frequent Travelers – If you travel several times per year, you might save money by considering another travel insurance provider that sells multi-trip or annual policies. Buying an annual plan might be cheaper than buying three single-trip plans in the run of a year. If that’s your situation, Allianz Travel Insurance has some options worth checking out.

How to Buy Travelex Travel Insurance

Travelex Insurance offers travel insurance to tourists of all ages, including seniors. This review explains what's covered and explores if it's worth it for you.

You can buy a policy quickly and easily on the Travelex website. Get a free quote here.

If you have any questions, you can email or call Travelex’s customer service team for friendly assistance.

How to Make a Claim

To file a claim, you’ll need your plan number. To get started, you pop that into a field online, and then you can download the forms you need to complete and submit. You can send in your forms electronically or by mail – the electronic route will get things done faster, of course.

Travelex Insurance: Final Thoughts

Travelex offers four plans, but for most people considering travel insurance, it’s going to come down to Travel Basic and Travel Select. Travel Basic appeals to budget-minded travelers, but we’d be wary of traveling with only $15,000 in emergency medical expense coverage. Medical bills can rack up quickly, and you don’t want to leave yourself unprotected.

On the other hand, Travel Select is a relatively well-rounded plan that’s especially suited to families, given kids under 17 get free coverage. We also like that you can upgrade your plan to include extra medical and cancellation for any reason.

When it comes to price, we’re not completely sold either. Although prices vary due to many factors, overall, Travelex seems to be a bit more expensive than some other travel insurance providers. And, since price is a big factor with travel insurance, it doesn’t hurt to shop around. With that said, they do offer insurance to all ages, including seniors. To compare Travelex’s pricing to other plans, check out our list of the top travel insurance companies.

We hope this Travelex Insurance review helped you decide if Travelex is right for you. No matter which provider you choose, make sure you protect yourself and your trip.

Thanks for reading and happy traveling!

Get a Free Quote – Protect your travel money with a travel insurance policy from Travelex! Click here to get a free quote!

Travelex Insurance Review
  • Amount of Coverage
  • Medical Coverage
  • Travel Coverage and Protections
  • Affordability
  • Covered Activities and Sports
  • Availability

Travelex Insurance Review

Travelex offers four plans, but for most people considering travel insurance, it’s going to come down to Travel Basic and Travel Select. Travel Basic appeals to budget-minded travelers, but we’d be wary of traveling with only $15,000 in emergency medical expense coverage. Travel Select is a relatively well-rounded plan that’s especially suited to families, given kids under 17 get free coverage. We also like that you can upgrade your plan to include extra medical and cancellation for any reason.

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  1. Hi I am looking for travel insurance cover for my wife and I wanting to travel around Australia with my brother who has his private pilots license, will be flying us in anon commercial aircraft.
    Are we able to get cover for this , the period would be 25 days flying with him?

    1. Hey Paul,
      I don’t work for Travelex, so I’m not sure. You’d have to contact them and find out.

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