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Q: What is
"Travel Protection" and why do I need it?
Travel Protection is a combination of insurance coverages and travel
assistance service; when combined into a comprehensive package protects you and
your family before and during your trip. You invest a lot of time and money when
you travel. Doesn't it make sense to protect that investment? Remember, no
matter how well planned your trip is, the unexpected can and often does occur.
No one can predict the future, but travel insurance protection plans give you
peace of mind so you can enjoy your trip.
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Q: Why do I need Trip
Cancellation or Trip Interruption protection?
Every travel supplier (Tour Operators, Hotels, Travel Agencies, Cruise lines
or Airlines) has cancellation penalties. You pay a deposit or final payment
toward a trip or vacation and these suppliers will apply their published
penalties to your trip. You will find the published penalties more severe as
your scheduled departure date gets closer. These published penalties inform you
that if you cancel, the supplier will hold all or a large percentage of your
monies placed as down payment, deposit or final payment. You will lose this
money. Trip Cancellation and Interruption is designed to reimburse you for your
loss if you cancel or interrupt for a covered reason.
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Q: Why do I need a travel protection
plan when I am covered by my credit card's insurance policies?
Credit card insurance policies may protect you for flight accidents, car
rental damage or for accidental death while traveling, but this protection is
usually only offered to you when you purchase your tickets with that particular
credit card. Insurance protection plans provide comprehensive coverage including
Trip Cancellation and Interruption benefits. Remember that your hard-earned
travel investment may be lost to travel suppliers such as cruise lines and tour
operators if you cancel within their non-refundable cancellation period.
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Q: What is a Pre-Existing
Condition?
Any injury, sickness or condition of you, or your traveling companion, you
and/or your traveling companion's family member or your business partner which
within the sixty (60) day period prior to the effective date of your protection
plan coverage under this plan: [ top ]
Q: May I purchase this coverage up
to the date of departure?
Yes, however pre-existing conditions will apply if coverage is purchased more
than 10 days after the initial deposit is made.
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Q: If I change my mind after enrolling
in the protection plan, is it refundable?
Yes, if you are not completely satisfied within 10 days of purchasing the
protection plan, Travelex will refund your plan cost, as long as you have not
departed or filed a claim.
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Yes, you are covered for a single supplement upgrade when your traveling companion cancels or interrupts a trip for a covered reason and you do not. [ top ]
Q: What is the effective date of my Insurance Protection Program? 12:01 a.m. following the date you submit (via the Internet) or phone your enrollment in with the proper payment.
All coverages end when the trip is completed or after the maximum trip length is reached, whichever comes first. [ top ]
No, all protection plans have limitations and restrictions. Insurance companies do understand that there are many unexpected reasons why you would need to cancel your trip. [ top ]
Q: I have Homeowner's and Medical Insurance; won't these policies provide protection during my trip? It is best to review your current insurance programs and the coverage they offer when you are traveling. Many HMO's and PPO's offer limited coverage when traveling outside your networks. Medicare supplement benefits also need to be reviewed to determine their exact benefits or lack of benefits when traveling. Insurance Protection Plans offer primary medical coverage because of the varying degree of limitations offered by many medical plans. Homeowner's and rental policies usually have large deductibles in the event of lost or stolen baggage when traveling. You file with your insurance company first and there are no deductibles. [ top ]
Terrorism is a reason to cancel under many insurance coverage plans. Remember that the United States Department of State must issue a travel warning stating you should not travel to this country or region for a period of time, which includes your trip. If this warning is issued after your effective date and covers your trip dates, then you may cancel or interrupt. [ top ]
Insurance Protection Plans do offer protection for cancellations due to terminations or layoffs affecting you or a person sharing the same cabin or hotel room. Remember that employment must have been with the same employer for at least 3 consecutive years. [ top ]
Q: May a foreign national purchase a Insurance Protection Plan? Insurance Protection Plans can be purchased by any traveler who is physically in the United States at the time of purchase or any United States resident. [ top ] |
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