TraveLite Review
 The Good: Coverage for pre-existing medical conditions, and an optional “cancel for work reasons” benefit; children under 18 free coverage with adult; budget-priced for frugal travelers who want basic coverage.
The Drawbacks: The 14 day waiting period for Financial Default coverage is longer than some companies (some only require a 7 day wait) The Bottom Line: Travelex travel insurance provides solid, trustworthy products with several optional coverages to let you customize your plan. Where to buy this policy:1. Get a quote/buy direct from the company- Get a quote and enroll online directly at the Travelex website. This a a good choice if you have decided on Travelex and are ready to enroll. 2. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and enroll online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card. |
This travel insurance plan is perfect for…
- Families taking a vacation- TraveLite includes 24/7 support, and worldwide assistance/concierge support
- Business travelers- Optional “Business Upgrade” which increases cancellation coverage
- Vacationers- Great baggage coverage, high medical limits, superb support/assistance
Overview of TraveLite from Travelex:
- TraveLite is for budget-minded travelers that don’t need the high coverage amounts of Travel Plus
- Provides $50,000 of emergency medical/evacuation coverage
- $1,000 coverage for lost, stolen, or damaged baggage
- Toll-free, 24/7 emergency assistance and concierge advice from anywhere in the world
Coverage for the common trip cancellations, interruptions or delays that can occur with modern travel are provided along with help for those annoying itinerary changes that can occasionally be thrust upon you and your family. The TravelLite plan also takes the worry out of those unexpected surprises when you arrive at your destination. If a hurricane destroys your destination accommodations, for example, you can arrange for alternatives with the Travelex Worldwide assistance and concierge services.
Some optional upgrades provide a little extra protection to meet your personal circumstances. The Travelex Business Upgrade protects your vacation investment against cancellation or interruption due to work related reasons such as revoked vacation or military leave or re-assignment, acquisition or merger which requires your presence, and more. Rental car coverage upgrades of up to $50,000 can also be purchased for a reasonable fee when the car is booked through your travel supplier.
Where to buy this policy:
1. Get a quote/buy direct from the company- Get a quote and enroll online directly at the Travelex website. This a a good choice if you have decided on Travelex and are ready to enroll.
2. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and enroll online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
What is the coverage with TraveLite?
Pre-departure trip cancellation
This coverage provides reimbursement for non-refundable trip payments and deposits if you must cancel your trip before it starts. This plan benefit provides trip cancellation coverage up to the trip cost for a maximum of $50,000.
Terrorism coverage and coverage for financial vendor default is also available.
Trip Delay
This coverage provides reimbursement for means and accommodations related to your travel if it is delayed more than the defined number of hours in the policy, which in this case is
Itinerary changes
This coverage provides up to $250 per day to cover expenses related to itinerary changes.
Primary medical coverage
This coverage provides up to $500,000 in primary medical coverage while the insured is traveling.
Medical Assistance
This coverage provides emergency medical coverage if you become ill or are injured while traveling and need medical attention. This plan provides up to $500,000 in covered expenses. Repatriation is covered up to a $5,000 limit.
Emergency Medical Evacuation
This coverage provides reimbursement for the cost to transport you or other covered members of your party to a medical facility to receive care. This coverage also ensures repatriation or return of remains. This plan provides up to $5,000 in covered expenses.
Pre-existing medical condition coverage
This coverage provides for pre-existing medical conditions if the policy is purchased within 21 days of the initial trip deposit. Up to a maximum of $50,000 is provided.
Common carrier accidental death and dismemberment up to $50,000.
Accidental death and dismemberment up to $25,000.
Baggage and personal effects loss or delay
This coverage provides reimbursement for lost, stolen, damaged or delayed baggage and personal effects up to $600 per day or a maximum of $2,500 if baggage is permanently lost or stolen.
Rental Car Damage Protection
This coverage provides reimbursement to cover costs related to damage incurred while the rental car is in the insureds possession. This plan provides up to $50,000 in covered expenses.
Optional coverage includes:
Business upgrade to protect against trip interruption or cancellation for business reasons.
Accidental flight coverage provides reimbursement for accidental injuries resulting in a loss which occurs while the insured is riding as a passenger in an air conveyance. The maximum amount can be selected from $300,000, $500,000, or $1 million in coverage.
Coverage limitations:
Trips are limited to a maximum of 180 days.
Where to buy this policy:
1. Get a quote/buy direct from the company- Get a quote and enroll online directly at the Travelex website. This a a good choice if you have decided on Travelex and are ready to enroll.
2. Compare Quotes from all companies- If you are still undecided but would like to start with some quotes, the best way is to use a comparison website (similar to using Expedia or Travelocity for airline tickets). There are several, but we recommend a comparison site called Squaremouth.com to get instant quotes and enroll online. Squaremouth.com only works with reputable companies, and you can get instant quotes and purchase instantly online with a credit card.
