TravelSafe Insurance Review: Is It Worth the Cost?

Are you wondering whether to buy travel insurance? There are a ton of companies out there offering protection from unexpected events like illness, flight cancellations and lost baggage. TravelSafe insurance is one such provider — it features a range of protections to give you peace of mind when on the road. It’s one of the most expensive travel insurance companies, but it offers protection that you don’t usually find elsewhere.

Unlike many other travel insurance companies, TravelSafe is privately owned. TravelSafe has just two plans from which to choose, so it may seem like your options are limited, but that’s far from the case. TravelSafe’s travel insurance policies are wholly comprehensive and provide coverage for mishaps you won’t find elsewhere.

TravelSafe’s policies are underwritten by United States Fire Insurance Co., which holds an AM Best rating of A (excellent).

TravelSafe travel insurance coverage is better than what you’ll find at many other companies. You’ll find the standard TravelSafe travel insurance medical coverage and trip cancellation coverage but also much more:

• TravelSafe health insurance coverage: Covers accident or injury that occurs during your travels. 

• Trip cancellation and trip interruption: Repays you for nonrefundable costs incurred in the event your trip is canceled or interrupted for a covered reason. 

• Emergency evacuation and repatriation: Reimburses the cost of a medical evacuation or the repatriation of remains back to your home country. 

• Luggage insurance: Offers protection and reimbursement in the event your luggage is delayed, damaged or lost. 

• Frequent traveler reward insurance: Reimburses the costs for redepositing frequent flyer rewards back into your account in the event you need to change or cancel your plans. 

• Missed connection insurance: Helps cover the costs of a new flight if you miss your connection. 

There are two travel insurance policies available from TravelSafe:

Add-on options

Because TravelSafe’s plans are already comprehensive, there isn’t much to add on. Your only option is to include Cancel For Any Reason (CFAR) insurance.

While TravelSafe provides excellent coverage to travelers, there are some situations in which your plan won’t apply. These include:

• Anything that happens under the influence of drugs and alcohol. 

• Epidemics.

• Storms after they’ve already been named.  

• Participation in athletic events. 

On a five-star scale, NerdWallet rated TravelSafe four stars. While there are a few competitors that scored higher, including Berkshire Hathaway, Trawick, WorldTrips and Arch RoamRight, TravelSafe is still among the best we’ve reviewed.

How much does TravelSafe travel insurance cost? A sample trip for a 36-year-old traveler from Indiana to Canada for five days found that the cheapest TravelSafe plan cost $200. If you were to spring for the premium plan, which includes CFAR coverage, expect to pay $468.

Other providers charged anywhere from $10 to $202 for their basic plan for the same sample trip. Note that price isn't the only differentiating factor. Travel insurance cost and coverage are not identical across plans; each company offers various levels of scope, limits and exclusions.

Purchasing a TravelSafe insurance policy is simple and can be done online. To do so, you’ll first want to head to TravelSafe’s website.

From there, you’ll be able to generate a quote for your trip based on where you live, where you’re going, when you’re traveling and other important details.

TravelSafe will then show you a comparison of available plans, including their cost and their coverage levels.

Once you select a plan, you’ll be taken through the checkout process. After you’ve purchased the plan — you’re covered! It’s as easy as that.

Consider comparison shopping

If you're not 100% sold on purchasing a plan from TravelSafe, you can use a travel insurance aggregator to compare policies across multiple companies at once.

Finding a TravelSafe plan that suits your needs is not complicated. Since there are only two plans available to travelers, you’ll just need to choose the one whose coverage fits your expenses.

For example, if you’re worried about becoming injured or ill during your journey, you may want to opt for the more expensive Classic plan because its emergency medical coverage limit is much higher than that of the Basic plan.

Yes, TravelSafe offers 24/7 travel assistance for all of its customers. Your best bet is to call:

• Toll-free: 866-509-7713.

• Collect: 603-952-2047.

To file a claim with your TravelSafe policy, you have two options. The first is to file online via TravelSafe’s self-service claim portal. Otherwise you can call to make a claim:

• Toll-free (U.S. only): 877-539-6729.

• Direct: 727-475-2808. 

Is TravelSafe travel insurance good? TravelSafe insurance is among the most expensive travel insurance you can buy, but it’s for a good reason. Its coverage includes all the standard protections you’d expect, as well as some you might not. If you’re looking only for minimal coverage, you may want to search elsewhere — but if you have specialty circumstances, such as having redeemed rewards for your trip, you may want to consider purchasing a TravelSafe policy.

TravelSafe’s two travel insurance plans offer comprehensive coverage for when you’re away from home. Compare the benefits of both before deciding on a purchase — and be sure to double-check whether you already have existing coverage from a travel credit card.