Traveling is an exciting adventure, but unexpected hiccups can turn a dream trip into a nightmare. That’s where Travelex Travel Insurance steps in, promising to safeguard your travel investment. But how well does it really perform? In this detailed 2025 review, we’ll break down the pros, cons, and coverage options so you can decide if Travelex is the right travel insurance provider for your needs.
Travelex Travel Insurance Overview
With over 25 years of experience, Travelex has cemented its reputation as a trusted travel insurance provider. It offers two main plans:
Travel Basic – Budget-friendly coverage for essential trip protection Travel Select – Customizable travel insurance with premium benefits and optional add-ons
Travelex Travel Insurance Ratings
Insurance Partner: 9/10 – Backed by a reputable underwriter
Coverage Options: 6/10 – Solid protection but lacks embedded enhanced coverage
Price: 7/10 – Competitive but not the cheapest option
What Makes Travelex Stand Out?
Comprehensive Trip Cancellation & Interruption Protection Primary Medical Coverage with No Deductibles Baggage & Personal Belongings Coverage Inclement Weather Protection 24/7 Travel Assistance Services
Travelex Travel Insurance Plans & Coverage Details
1. Travelex Travel Basic – Affordable & Essential Coverage
This plan is designed for budget-conscious travelers looking for basic protection. It covers trip cancellations, interruptions, delays, and baggage mishaps, ensuring you’re financially protected against the most common travel issues.
Key Benefits:
Trip Cancellation & Interruption – Up to 100% of insured trip cost Trip Delay – Up to $500 reimbursement Missed Cruise Connection – Coverage up to $500 Baggage Loss & Delay – $500/$100 reimbursement Emergency Medical Expenses – $15,000 Medical Evacuation & Repatriation – $100,000 24/7 Travel Assistance – Included
Best For:
Short domestic trips Travelers looking for affordable coverage Minimalist travelers who don’t need premium perks
2. Travelex Travel Select – Premium Coverage with Customization
For travelers who want enhanced coverage, Travel Select offers more benefits and customization options. A standout feature is that children under 17 are covered for free when traveling with a covered adult.
Key Benefits:
Trip Cancellation – 100% of insured trip cost Trip Interruption – 150% of insured trip cost Trip Delay – $2,000 reimbursement Missed Cruise Connection – $750 Baggage Loss & Delay – $1,000/$200 Emergency Medical Expenses – $50,000 Medical Evacuation & Repatriation – $500,000 24-Hour AD&D – $25,000 Primary Coverage – No deductibles
Upgrade Options: Cancel For Any Reason (CFAR) – Reimbursement up to 75% Adventure Sports Coverage – Protection for extreme sports Car Rental Collision Insurance – Rental car protection
Best For:
International travelers
Families (kids under 17 covered for free)
Adventure-seekers who need additional coverage
Additional Travelex Features & Perks
1. Emergency Medical Services – Primary Coverage
Unlike some insurers that offer secondary medical coverage, Travelex provides primary coverage, meaning you don’t have to rely on your regular health insurance. This simplifies claims and ensures faster reimbursements.
Pro Tip: Many U.S. health insurance plans, including Medicare, don’t cover international medical expenses (source). Having a solid travel insurance plan with primary coverage is crucial.
2. Pre-Existing Condition Waiver
If you have a pre-existing medical condition, you may still qualify for coverage if you purchase the Travel Select plan within 15 days of making your initial trip payment.
3. Travel Delay & Baggage Protection
Travelex ensures you don’t get stranded without essentials if your baggage is delayed. It reimburses for unexpected costs like food, lodging, and even replacing lost passports.
What’s Missing?
Enhanced coverage options aren’t automatically included – You must upgrade to get CFAR or adventure sports coverage. Medical expense limits could be higher – While $50,000 in coverage is decent, some competitors offer higher limits for emergency medical expenses. Rental car coverage isn’t standard – You’ll need to purchase an add-on for car rental collision insurance.
Travelex vs. Competitors: How Does It Stack Up?
| Feature | Travelex Travel Basic | Travelex Travel Select | Competitor A | Competitor B |
|---|---|---|---|---|
| Trip Cancellation | 100% | 100% | 100% | 100% |
| Trip Interruption | 100% | 150% | 125% | 150% |
| Emergency Medical | $15,000 | $50,000 | $100,000 | $75,000 |
| Baggage Loss | $500 | $1,000 | $2,500 | $1,500 |
| Medical Evacuation | $100,000 | $500,000 | $1M | $500,000 |
| Cancel For Any Reason |  | Optional | | |
Customer Reviews: What Are Travelers Saying?
“Great service! I had an easy conversation with an agent who helped me get the exact plan I needed.” – Trustpilot 5 “Fast claims process and good coverage for the price.” – ConsumerAffairs 4.5 “Wish medical coverage limits were higher, but overall a solid plan.” – BBB 4
Final Thoughts: Should You Buy Travelex Travel Insurance?
Travelex is a reliable and well-established travel insurance provider with solid coverage and primary medical benefits. The Travel Basic plan is great for short trips, while the Travel Select plan is ideal for families and travelers who want customizable protection.
Get Travelex if you want: Primary medical coverage with no deductibles Affordable basic or premium plans Customization options like CFAR & adventure sports coverage
Skip Travelex if you: Want the highest medical coverage limits Need rental car coverage included in the base plan
Ready to compare plans? Check official travel insurance reviews on NerdWallet and Bankrate.