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#1
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Trip Insurance Prices
Has anyone used Travelex as a trip insurance carrier? Their rates are
considerably lower than others, and I'm wondering why. |
#2
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It depends on what you need and what is important for you. Look for things like: preexisting condition wavers; primary vs secondary on luggage, etc; medical coverage (your medicare WON'T cover you if you get hurt outside of the US with very limited exceptions) ; evacuation coverage; carrier bankruptcy; differentials for various age groups (very important if you are younger) and similar comparisons. In general, you may find that Berkleycare (and its subsidiaries) distributed by groups and others is the most expensive; while, in my experience, travelguard has an expensive policy but it does NOT offer preexisting wavers or carrier bankruptcy. "DeeLeeCee" wrote in message ... Has anyone used Travelex as a trip insurance carrier? Their rates are considerably lower than others, and I'm wondering why. |
#3
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My Travel Guard policy does cover preexisting conditions. This is the fifth
time I've used them. |
#4
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Has anyone used Travelex as a trip insurance carrier? Their rates are
considerably lower than others, and I'm wondering why. You're probably looking at their TraveLite policy and in many cases it prices out very reasonable, especially if you're insuring kids as they'll cover kids under 16 at no additional cost. Although Travelex has been around for years this new plan is less than a year old. Travelex used to be a high priced insurer and I think this plan is their attempt to appeal to a wider range of travelers. Personally, I think the plan is under-priced. And, once they have some claims experience/information I think a premium increase is almost inevitable. But don't worry that you're getting a second-class company or policy along with the low rates. They do an excellent job, their underwriter is solid and they've been in the business for quite a while. I just think this plan is mis-priced. It can happen when an insurer brings out a plan that's markedly different fro their existing offerings. CSA and Travel Guard have both brought out new plans in the last couple of years and quickly withdrawn them when it turned out they were money-losers. If the plan meets your needs go for it. |
#5
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cruiseinsure. Thanks for your contributions to this group. Your expertise is
very much appreciated. |
#6
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Yes. I bought it for our upcoming cruise to Alaska next year. I like that kids
are covered free on an adult's policy. It's backed by Old Republic, a very old and high rated insurance company. They don't do as much advertising as some travel insurance companies. Lindsay DeeLeeCee asked: Has anyone used Travelex as a trip insurance carrier? Their rates are considerably lower than others, and I'm wondering why. |
#7
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Yes. I bought it for our upcoming cruise to Alaska next year. I like that kids
are covered free on an adult's policy. It's backed by Old Republic, a very old and high rated insurance company. They don't do as much advertising as some travel insurance companies. Lindsay DeeLeeCee asked: Has anyone used Travelex as a trip insurance carrier? Their rates are considerably lower than others, and I'm wondering why. |
#8
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My Travelex insurance covers pre-existing conditions. I opted to buy their
premium policy--Travel Plus. We could have done fine with Travel Lite which is considerably less expensive, but my mother won't be traveling with us and this will cover if something should happen to her. I've used TravelGuard and CSA in the past and both have been fine, but it looks like TravelEx will serve our purpose better this time. Lindsay hdawson wrote: My Travel Guard policy does cover preexisting conditions. This is the fifth time I've used them. |
#9
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My Travel Guard policy does cover preexisting conditions. This is the fifth
time I've used them. I believe the poster was referring to Travel Guard's Essential plan which does not cover pre-existing conditions. |
#10
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My Travel Guard policy does cover preexisting conditions. This is the fifth
time I've used them. I believe the poster was referring to Travel Guard's Essential plan which does not cover pre-existing conditions. |
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