Travelex Travel Insurance Review 2026

Yes — Travelex Travel Select and Travel Basic plans include coverage for children under age 17 at no additional premium when they travel with an insured adult. This is a structural feature of Travelex's family pricing, not a limited promotion. For families with multiple children, this can reduce the per-person premium substantially compared to per-person pricing carriers. Verify current plan terms and the definition of 'child' (relationship, residency requirements) at travelexinsurance.com before purchasing, as plan terms may update.

Travelex travel insurance policies are underwritten by Berkshire Hathaway Specialty Insurance Company — a member of the Berkshire Hathaway group. Berkshire Hathaway Specialty Insurance holds an A++ (Highest Superior) financial strength rating from A.M. Best, the highest tier available. This means the claims-paying ability behind Travelex policies is among the strongest in the insurance industry. Verify the current rating at ambest.com.

Cancel For Any Reason (CFAR) is a travel insurance add-on that allows the policyholder to cancel a trip for any reason not covered by standard trip cancellation benefits — such as a change of mind, concern about travel conditions, or work conflicts — and receive a partial reimbursement of non-refundable trip costs. Standard trip cancellation only covers specific named perils (illness, death in the family, natural disaster, airline bankruptcy). Travelex's CFAR add-on is available on the Travel Select plan and typically reimburses up to 75% of non-refundable trip costs. CFAR must be purchased at booking, typically within 10-21 days of initial trip deposit. Verify current CFAR terms, reimbursement percentage, and purchase window at travelexinsurance.com. Source: Travelex at travelexinsurance.com.

A pre-existing medical condition in travel insurance is any illness, injury, or medical condition for which the traveler received treatment, diagnosis, or medication within a lookback period (typically 60-180 days) before policy purchase. Standard travel insurance policies exclude trip cancellation and emergency medical claims arising from pre-existing conditions. A pre-existing condition waiver removes this exclusion. Travelex includes a pre-existing condition waiver when the policy is purchased within 15 days of the initial trip deposit and the full non-refundable trip cost is insured. If you or a traveling companion has a chronic or ongoing medical condition, the pre-existing waiver is a significant coverage enhancement worth verifying before purchasing. Source: Travelex at travelexinsurance.com.

Emergency medical evacuation coverage pays for transporting the insured to the nearest adequate medical facility or back to their home country when local facilities cannot provide adequate treatment. Medical evacuation can cost $50,000 to $250,000+ internationally — particularly in remote areas or developing countries. Travelex Travel Select covers emergency evacuation up to $500,000 per person (verify current plan limits at travelexinsurance.com). Evacuation coverage is most important for international travel, adventure travel, or travel to remote areas. Domestic US travelers with standard health insurance have less exposure since US hospitals are generally accessible without evacuation. Source: Travelex at travelexinsurance.com; US Travel Insurance Association at ustia.org.

No. ClearValue Lending is not a licensed insurance broker or agent. This review presents publicly available editorial information about Travelex Insurance Services. Coverage terms, pricing, and availability vary by trip, destination, and individual circumstances. Obtain official quotes and policy details directly from Travelex at travelexinsurance.com.