Faye Travel Insurance offers a digital-first take on travel insurance, allowing travelers to manage their policy and file claims on an app. It offers some interesting digital tools and decent coverage, though its features come at a high price.
Business Insider compared Faye to the best travel insurance companies and found it to be an above average option, with decent coverage options and a unique reimbursement feature. However, travelers, especially younger travelers, should be wary of its high price.
Faye Travel Insurance Pros and Cons
Faye Travel Insurance Pros
- Primary coverage for travel medical insurance
- Long maximum trip length (180 days)
- Add-ons including pet care, rental car coverage, and cancel for any reason
- Faye Wallet offers quick reimbursements for claims
Faye Travel Insurance Cons
- Only available to U.S. citizens
- May be unwieldy for non-tech savvy travelers
- Relatively expensive, especially for younger travelers
Get Quotes
- Customers love the product and claims process
- Easy online quoting process
- Add-ons including pet care, rental car coverage, and cancel for any reason
- Easy debit cards for claims payment on your trip
- Only available to US citizens
- May be harder for non-tech savvy travelers
- Younger travelers can find cheaper travel insurance elsewhere
Compare Faye Travel Insurance
$308
N/A
- Zero Complaint Guarantee
- Streamlined comparison platform
- Variety of partnered travel insurance companies
- Customer service team is difficult to reach
SquareMouth is an online marketplace that helps you choose a travel insurance policy from 32 companies that shares a comprehensive, streamlined overview page for each insurance provider.
SquareMouth Travel Insurance
874
A++
- Policy coverage includes most pre-existing health conditions
- Generous medical and evacuation amounts for peace of mind
- COVID coverage included by default on all insurance plans
- Offers a wide range of plans for various budgets and travel needs
- Some plans offer CFAR, “cancel for work reasons,” financial default, and unemployment coverage
- Limited add-on coverage options
- Baggage loss and delay coverage is low compared to competitors
Tin Leg travel insurance offers eight travel insurance plans to meet the unique needs of travelers.
Tin Leg- Tin Leg was founded in 2014 by the travel insurance industry experts at Squaremouth. Designed to meet the most common needs of travelers, these policies offer comprehensive Trip Cancellation and Trip Interruption benefits, and a range of Emergency Medical and Medical Evacuation limits.
- Options to cover sports equipment
- Option to increase medical coverage
- Can cancel up to 48 hours before travel when CFAR option is purchased
- Affordable coverage for budget-conscious travelers
- Includes generous baggage delay, baggage loss, and trip delay coverage
- Optional "adventure activities" bundle available for riskier activities
- Pricier than some competitors with lower coverage ceilings
- Some competitors offer higher medical emergency coverage
Travelex travel insurance is one of the largest travel insurance providers in the U.S. providing domestic and international coverage options. It offers Essential, Advantage, Ultimate, and Travel Med Go options. Read on to learn more.
Travelex Travel Insurance- Optional CFAR insurance available with the Ultimate plan
- Travel delay insurance starting at $500 with the Advantage plan
- Emergency medical and dental coverage starting at $15,000
Faye Travel Insurance Overview
Faye is a fairly new competitor in the travel insurance industry, operating since 2019. It's a tech-focused policy. The entire process of purchasing your policy, managing it, and filing claims happens online and through the Faye app.
Faye offers one base travel insurance policy with a few additional coverage options, such as pet care expenses, vacation rental damage protection, and adventure sports protection. Faye's"whole trip" travel insurance policy covers all the fundamentals with fairly high coverage limits.
The biggest downside to Faye is its cost. Faye's premiums are among the highest in the industry. It has particularly high rates for younger travelers relative to its competitors, which is a shame, since its tech-focused approach to travel insurance seems geared towards younger travelers.
Its most unique offering is the Faye Wallet. When a covered incident occurs and the insured traveler's claim is approved, Faye transfers money into the Faye Wallet. This money can be used to pay for expenses as a result of the incident, like clothes and toiletries purchased as a result of a baggage delay. You can also transfer these funds directly into your bank account.
While the Faye Wallet is a nice feature and fits right into Faye's tech-focused coverage, the added convenience isn't necessarily enough to justify the price of the overall policy.
Faye Travel Insurance Plans and Coverage
Faye offers one base plan for trips that cost up to $40,000 and are up to 180 days long. It also offers riders to customize your coverage for a fee.
Here's what's included in the base plan:
| Coverage Type | Coverage Limits |
| Trip cancellation | 100% of trip cost (up to $40K) |
| Trip interruption | 150% of trip cost (up to $60K) |
| Trip delay | $300 per day (up to $2,100) |
| Missed trip connection | Up to $200 (min. three hours) |
| Emergency medical | Up to $250 (primary) |
| Medical emergency evacuation | $500K |
| Non-medical emergency evacuation | $100K |
| Preexisting condition waiver | Available when policy is purchased within 14 days of initial trip deposit |
| Lost or damaged baggage | $150 per item (up to $2K) |
| Baggage delay | $200 for 6+ hour delay w/o receipt; up to an additional $300 for 12+ hour delay with receipt |
| Lost or damaged sporting and professional equipment | $150 per item (up to $2K) |
| Lost passport/credit cards | $50 reimbursement for each |
| Baggage delay | $200 flat (min. six hours w/o receipt) and additional $300 (min. 12 hours w/ receipt) |
Additional coverage options from Faye Travel Insurance
In addition to the base plan, Faye offers a robust selection of riders or supplemental policies buyers can add to the plan for an additional cost. The riders are the same when traveling within the U.S. and abroad.
Faye offers the following riders:
- Adventure and extreme sports protection: up to $250,000 (international trips) or $50,000 (domestic trips) for accident and sickness expenses. Users should read the policy to ensure their plans qualify.
- Vacation rental damage protection: applicable for short-term rentals like Airbnb and VRBO or other rentals. Faye will reimburse you up to $3,000
- Cancel for Any Reason: up to 75% of the nonrefundable insured trip cost when policy is purchased within 14 days of your initial trip deposit
- Pet Plan Bundle: up to $2,500 for vet expenses and $250 for kenneling if your trip is extended unexpectedly
- Rental car care (for cars renting within the U.S. and Canada only): up to $50K in coverage for accidental damage by collision, vandalism, natural disaster or theft related to your rental car
Always check your other insurance policies if you're looking for specific coverage types not included in this list. You might be surprised at the coverage automatically available to you. For example, car insurance companies often offer their own car insurance plans. You can also talk to your auto insurance company to see if your policy extends to rental cars.
Additionally, some World Nomads Travel Insurance has two comprehensive plans, which means you can select your claim limits. Plus, the company allows you to extend your coverage if you stay away from home longer than you'd planned.
World Nomads premiums may also be more competitive depending on where you're going.
Read our Business Insider's travel insurance ratings methodology.
FAQs
Does Faye travel insurance provide global coverage?
Yes, Faye travel insurance offers coverage for international trips, making it suitable for global travel, but it's always important to check specific destination coverage in the policy terms.
Can I get coverage for high-risk activities with Faye travel insurance?
Yes, Faye travel insurance offers an adventure and extreme sports protection rider, though it will significantly increase the cost of your travel insurance policy.
How does Faye travel insurance handle COVID-19?
Faye travel insurance handles COVID-19 like any other illness when it comes to trip cancellations and medical emergencies.
Is the claims process with Faye travel insurance straightforward?
Faye's claims process is reportedly simple, with no paperwork required. Reports of claim wait times vary, but getting in touch with customer service is a reliable way to expedite the process.
What sets Faye travel insurance apart from other insurance providers?
Faye travel insurance stands out for its digital approach to travel insurance and its unique Faye Wallet, which expedites claims.
