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Travelex Launches New ProductsNovember 17, 2008 By: George Dooley
Travelex Insurance Services has released major additions to their retail travel insurance portfolio with three new products: Travel Basic, Travel Select and Travel Max. With the addition of these new products, Travelex says it now offers the most comprehensive and innovative mix of coverages available in the industry.
“These new products are yet another example of Travelex listening and responding to customer needs to deliver simple yet comprehensive coverage,” said Michael J. Ambrose, president of Travelex Insurance Services. “Travelers and travel agents can trust that Travelex is a strong and stable partner with comprehensive insurance coverage to protect their travel investments.”
Industry Exclusives include: Trip Cancellation coverage for delays causing 30 percent or more of trip to be missed; $1,000 Trip Interruption coverage available without the purchase of Trip Cancellation; waiver of pre-existing conditions available within 30 days of initial trip deposit; and pre-existing conditions exclusion applies only to travelers.
Core products include:
Travel Basic: An essential level of coverage with the most comprehensive benefits in its category, and the only with bankruptcy and primary coverage included. An alternative to cruise and tour operator insurance.
Travel Select: Offers complete travel protection plus customization with five optional Lifestyle Paks: Professional, Family, Adventurer, Protector and Athlete/Student.
Travel Max: The highest level of protection with many extra benefits included such as allowing travelers to choose their hospital of choice, pet coverage and identity theft services.
Travel Basic, Travel Select and Travel Max are underwritten by Nationwide Mutual Insurance Company and affiliated companies, rated A+ by A.M. Best. Nationwide is one of the largest insurance and financial services companies in the world and has been in existence for more than 80 years.
Travelex Insurance Services, headquartered in Omaha, NE delivering a wide range of travel protection plans through travel agencies and tour operators, in major airports and online.