Travel Insured vs Travelex: Which Travel Insurance Is Better?
Travel Insured and Travelex sell to the same traveler and answer the same question differently: Travel Insured puts its money into Deluxe’s $250,000 of medical and $500,000 of evacuation at a mid-range price, 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 |
|---|---|---|---|---|---|
| Travel Insured Worldwide Trip Protector Essential | $50,000 | $200,000 | No | 14 or 21 days (plan document) | No |
| Travel Insured Worldwide Trip Protector Deluxe | $250,000 | $500,000 | Upgrade, 75% back | 14 or 21 days (plan document) | Yes, 17 and under |
| Travel Insured Worldwide Trip Protector Platinum | $500,000 | $1,000,000 | Upgrade, 75% back | 14 or 21 days (plan document) | Yes, 17 and under |
| 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 Travel Insured review and the Travelex review go plan by plan.
Where each one wins
| The trip or the traveler | Pick | Why |
|---|---|---|
| A cruise, a remote trip, or a traveler over 65 | Travel Insured Platinum | $500,000 of medical and $1,000,000 of evacuation. Travelex Ultimate carries $250,000 and $1,000,000. |
| A trip with children | Travel Insured Deluxe | Children 17 and under free, with $250,000 of medical. Travelex Ultimate also frees one child per adult, at its top price. |
| A mid-range plan | Travel Insured Deluxe | $250,000 of medical and $500,000 of evacuation. Travelex Essential and Advantage cap cancellation at $10,000 and $12,500 and have no waiver. |
| Cancel for any reason | Travel Insured | 75 percent with no dollar cap on Deluxe and Platinum, with Interruption For Any Reason added. Travelex: 75 percent capped at $7,500, Ultimate only. |
| A traveler with a pre-existing condition | Either, bought early | Travelex Ultimate within 21 days; Travel Insured within 14 or 21 days depending on the plan document, on every plan. |
| 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. Travel Insured’s best plan, Worldwide Trip Protector Platinum, carries $500,000 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. Travel Insured: Cancel for any reason is an upgrade on Deluxe and Platinum, refunds 75 percent, has to be added when you buy within the plan’s window (14 or 21 days from the initial deposit), and requires cancelling at least two days before departure; an Interruption For Any Reason upgrade at 75 percent comes with it. 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. Travel Insured: The pre-existing condition waiver applies when you buy within the window in the plan document (14 or 21 days from the initial deposit) and insure the full trip cost. 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. Travel Insured: Children 17 and under traveling with an insured adult are free on Deluxe and Platinum. 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. Travel Insured: 14 days after purchase 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 Travel Insured 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 Travel Insured 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
Travel Insured’s strengths are Deluxe’s $250,000 of medical and $500,000 of evacuation at a mid-range price, free children on Deluxe and Platinum, Platinum’s $500,000 of medical and $1,000,000 of evacuation; its weak spot is Essential’s $200,000 of evacuation and no cancel for any reason on it, which makes it a domestic-only budget plan. 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 Travel Insured better than Travelex?
For most trips, yes: Deluxe matches Travelex Ultimate’s $250,000 of medical with free children at a mid-range price, Platinum goes to $500,000, and cancel for any reason has no dollar cap. Travelex Ultimate’s advantages are the 21-day free look and a firm 21-day waiver window.
Which is better for a cruise, Travel Insured or Travelex?
Travel Insured Platinum, with $500,000 of medical and $1,000,000 of evacuation. Travelex Ultimate and Travel Insured Deluxe both clear the cruise floor at $250,000; Deluxe carries $500,000 of evacuation, Ultimate $1,000,000.
Do Travel Insured and Travelex have cancel for any reason?
Both refund 75 percent. Travel Insured on Deluxe and Platinum, no cap, added within the plan’s 14 or 21-day window, with Interruption For Any Reason included. Travelex on Ultimate only, capped at $7,500, bought within 21 days and at least 31 days before departure.
Related: Travel Insured review · Travelex review · family travel insurance guide · cruise travel insurance guide · Cancel For Any Reason guide · all company reviews
Plan limits and upgrade rules on this page are from the insurers’ plan pages and policy documents for Travel Insured 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 Travel Insured 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.