Generali vs Travelex: Which Travel Insurance Is Better?
Generali and Travelex sell to the same traveler and answer the same question differently: Generali puts its money into Premium’s $250,000 of medical and $1,000,000 of evacuation, Travelex into Ultimate’s $250,000 of medical and $1,000,000 of evacuation. This page puts the plans side by side from the insurers’ own plan documents, says which one wins for each kind of trip, and shows the numbers that decide it.
The plans side by side
| Plan | Emergency medical | Evacuation | Cancel for any reason | Pre-existing waiver window | Kids free |
|---|---|---|---|---|---|
| Generali Standard | $50,000 | $250,000 | No | None | No |
| Generali Preferred | $150,000 | $500,000 | No | None | No |
| Generali Premium | $250,000 | $1,000,000 | Upgrade, 75% back | Within 24 hours of final payment | No |
| Travelex Essential | $25,000 | $200,000 | No | None | No |
| Travelex Advantage | $50,000 | $250,000 | No | None | No |
| Travelex Ultimate | $250,000 ($50,000 in New Hampshire) | $1,000,000 | Upgrade, 75% back, up to $7,500 | 21 days | One per adult |
Limits are per person. Read the medical column first: it is the one that separates these two companies, and it is the one that pays the bill that can pass $100,000. The Generali review and the Travelex review go plan by plan.
Where each one wins
| The trip or the traveler | Pick | Why |
|---|---|---|
| A cruise or a trip outside the US | Either top plan | Generali Premium and Travelex Ultimate both carry $250,000 of medical and $1,000,000 of evacuation. Price them side by side. |
| A trip with children | Travelex Ultimate | One free child per adult. Generali has no free-kids benefit. |
| Bought more than a day after the deposit | Travelex Ultimate | 21 days for the waiver and cancel for any reason. Generali’s upgrades must be bought within 24 hours. |
| A mid-range plan | Generali Preferred | $150,000 of medical, $500,000 of evacuation and full cancellation. Travelex Essential and Advantage cap cancellation at $10,000 and $12,500 and have no waiver. |
| Trip interruption | Generali Premium | 175 percent of the trip cost, the highest on the comparison, against 150 percent on Travelex Ultimate. |
| Price | Both, on the comparison | Enter the trip once and both come back priced side by side. |
The numbers that decide it
Medical and evacuation. Generali’s best plan, Premium, carries $250,000 of medical and $1,000,000 of evacuation; Travelex’s best plan, Ultimate, carries $250,000 ($50,000 in New Hampshire) of medical and $1,000,000 of evacuation. For a trip outside the US the floor is $100,000 of medical and $250,000 of evacuation; for a cruise, a remote trip or a traveler over 65, $250,000 and $500,000.
Cancel for any reason. Generali: Cancel for any reason is on Premium only, refunds up to 75 percent, must be bought within 24 hours of the initial deposit, and is not available to New York residents. Travelex: Cancel for any reason is on Ultimate only, refunds up to 75 percent capped at $7,500, must be bought within 21 days of the first payment and at least 31 days before departure.
Pre-existing conditions. Generali: The pre-existing condition waiver is on Premium only and must be bought before or within 24 hours of the final trip payment; Standard and Preferred have no waiver. Travelex: The pre-existing condition waiver is on Ultimate only, when you buy within 21 days of the first trip payment and insure the total trip cost; Essential and Advantage have no waiver.
Children. Generali: No free-kids benefit. Travelex: One child 17 and under is free per insured adult on Ultimate, as long as the child’s trip cost is no more than the adult’s.
Free look. Generali: 10 to 15 days by state (30 in Indiana) for a full refund if you have not departed or filed a claim. Travelex: 21 days after purchase (30 in some states) for a full refund if you have not departed or filed a claim.
See Generali and Travelex priced side by side for your trip
Enter your trip once and every top plan comes back side by side, priced for your dates. Same price as buying direct.
See plans & pricesAbout 60 seconds. Nothing to sign up for.What it costs
Both Generali and Travelex are on the CoverTrip comparison, priced next to each other and the other plans when you enter the trip once. Travel insurance is priced by the trip cost, the ages of the travelers and the trip length, and a package plan usually costs 4 to 8 percent of the trip cost, so enter the trip once, find the plan from each company that carries the limits you need, and take the cheaper one. Same price on the comparison as buying direct.
What the plans say
Generali’s strengths are Premium’s $250,000 of medical and $1,000,000 of evacuation, 175 percent trip interruption on Premium, the highest on the comparison, a rental car damage add-on on Preferred and Premium; its weak spot is the shortest upgrade windows on the market (24 hours) and no waiver at all on Standard and Preferred. Travelex’s strengths are Ultimate’s $250,000 of medical and $1,000,000 of evacuation, one free child per adult on Ultimate, the longest free look on the comparison, 21 days; its weak spot is Essential and Advantage: a $10,000 cancellation cap, no waiver and no cancel for any reason, so budget plans in the strict sense. Both refund 100 percent of the insured trip cost for a listed cancellation reason, both include a 24-hour assistance line, and both are underwritten by large insurers; the difference between them is the limits and the upgrade rules above, not the paper.
Questions people also ask
Is Travelex better than Generali?
At the top they match on limits ($250,000 of medical, $1,000,000 of evacuation). Travelex Ultimate is easier to buy right (21 days for the waiver and cancel for any reason against Generali’s 24 hours) and gives a free child per adult; Generali Premium pays 175 percent interruption, and Generali Preferred beats Travelex’s budget plans in the middle.
Which is better for a cruise, Generali or Travelex?
Either top plan clears the cruise floor with the same numbers. If you are buying within a day of the deposit, Generali Premium’s 175 percent interruption is a point in its favor; if not, Travelex Ultimate is the one whose waiver you can still add.
Do Generali and Travelex have cancel for any reason?
Both refund 75 percent on the top plan only. Generali’s must be bought within 24 hours of the initial deposit and is not sold to New York residents. Travelex’s is capped at $7,500, bought within 21 days and at least 31 days before departure.
Related: Generali review · Travelex review · cruise travel insurance guide · family travel insurance guide · When should I buy travel insurance? · all company reviews
Plan limits and upgrade rules on this page are from the insurers’ plan pages and policy documents for Generali and Travelex, checked 12 September 2026, and from the CoverTrip reviews of each company. Price guidance is from the plans on the CoverTrip comparison.
See Generali and Travelex priced side by side for your trip
Enter your trip once and every top plan comes back side by side, priced for your dates. Same price as buying direct.
See plans & pricesAbout 60 seconds. Nothing to sign up for.Related
Damian TysdalDamian Tysdal is the founder of CoverTrip and a licensed travel insurance agent since 2006. He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006. About CoverTrip.