Anything can happen when you are traveling, from minor inconveniences to serious emergencies. To ensure your peace of mind before setting off on your journey, consider purchasing travel insurance. Many travelers rely on their credit card company’s reimbursement policies for things like flight delays or cancellations, but these benefits are often very limited and difficult to obtain.
Travelex Insurance Travel Basic Plan
Their Travel Basic plan provides just the essentials. This is a great option for travelers with a limited budget or for those taking short, domestic vacations. A few of the benefits of Travelex Basic are listed below, but be sure to check the terms and conditions of your specific policy carefully before purchase.
Trip Cancellation and Trip Interruption
This plan covers 100 percent of the insured trip cost in the event of a cancellation for a covered reason. This is valuable for travelers with children or schedules that frequently change unexpectedly. Most cruise lines, airlines, hotels and travel agencies will heavily penalize you for cancellation, especially if it happens close to your scheduled departure or arrival. Often, you will lose all or most of your payment. With Trip Cancellation protection, you will be reimbursed for your loss. Additionally, in the event that your trip must be cut short (trip interruption) for a covered reason, Travelex Basic will cover 100 percent of the insured trip cost.
Trip Delay or Missed Connection
Should your trip be delayed or postponed, Travelex Basic offers $500 of coverage for your expenses. If you miss a cruise connection or flight, the plan also has a $500 coverage limit for your loss.
Baggage Insurance and Travel Assistance
This plan covers baggage loss as well as baggage delays with $500 and $100 deductibles, respectively.
The Travelex Basic plan also offers travel assistance and concierge services 24/7. These services include legal counsel, emergency message transmission, language interpretation, cash transfer, reservation services and leisure recommendations.
The Travelex Travel Basic plan includes $15,000 of sickness and accident protection and $100,000 to cover medical evacuation or repatriation of remains, should that be necessary.
Other benefits of this plan include side excursion coverage, monetary reimbursement, first payer coverage with no deductible and a wide array of covered situations to ensure your trip is stress-free.
If you are traveling, consider purchasing dedicated insurance. If you aren’t sure what policy best suits your needs, compare your options with our simple comparison tool.