Travel Basic is a budget friendly plan offering comprehensive trip cost protection as well as coverage for other unforeseen events that may arise during your trip. Coverages include Trip Cancellation and Interruption, Baggage Loss or Delay, Travel Delays, and Emergency Medical Evacuation. Coverage on this plan is primary, meaning you don't have to submit claims through other insurance first.
To learn more, see the Travelex Travel Basic product page.
Policy premium is calculated based on three main factors: trip cost, length of travel, and ages of the travelers. You actually chose a very competitive policy since the premium works out to be only 5% of your total trip cost. It is not unusual for premiums to run as high as 8-10% of the total trip cost for some plans.