Revolut, one of the leading digital banks in Europe, has recently launched its own travel insurance service. The new offering aims to make travel insurance more affordable, transparent, and accessible for everyone. In this article, we’ll take a closer look at the Revolut travel insurance and explore its features, benefits, and limitations.
What is Revolut Travel Insurance?
Revolut Travel Insurance is a comprehensive insurance policy designed to cover various travel-related risks and expenses. The policy is underwritten by White Horse Insurance Ireland dac, and it offers global coverage for trips up to 90 days. The insurance is available to all Revolut customers who have activated the service in the app, and it can be purchased on a pay-per-day basis.
What Does Revolut Travel Insurance Cover?
The Revolut Travel Insurance covers a range of travel-related risks and expenses, including:
- Medical expenses – up to €5 million
- Emergency dental treatment – up to €250
- Medical repatriation – up to €1 million
- Cancellation or curtailment – up to €5,000
- Delayed departure – up to €100 per 12 hours
- Lost or stolen baggage – up to €1,500
- Personal liability – up to €2 million
It’s important to note that the coverage and limits may vary depending on the policy type, destination, and other factors. To get a detailed overview of the coverage, terms, and conditions, customers should refer to the policy document available in the app.
How Much Does Revolut Travel Insurance Cost?
The cost of Revolut Travel Insurance varies depending on the destination, the length of the trip, and the coverage required. Customers can purchase the insurance on a pay-per-day basis, which means they only pay for the days they are traveling. The daily cost starts from €1, and it can be calculated in the Revolut app by selecting the destination and the policy type.
Who is Eligible for Revolut Travel Insurance?
The Revolut Travel Insurance is available to all Revolut customers who have activated the service in the app. To activate the insurance, customers need to select the destination, the policy type, and the travel dates. The insurance is valid for trips up to 90 days, and it covers both single-trip and multi-trip options. Customers should also be aware that the insurance is subject to terms and conditions, and it may not cover pre-existing medical conditions or other specific risks.
How to Purchase Revolut Travel Insurance?
To purchase Revolut Travel Insurance, customers need to activate the service in the Revolut app and follow these steps:
- Select the destination and the policy type
- Enter the travel dates and the number of travelers
- Review the coverage and limits
- Confirm the purchase and pay with a Revolut card or another payment method
It’s important to purchase the insurance before the trip starts to ensure full coverage. Customers can also purchase the insurance during the trip, but the coverage may be limited or excluded for certain risks.
What Are the Benefits of Revolut Travel Insurance?
The Revolut Travel Insurance offers several benefits for customers, including:
- Affordable pricing – customers only pay for the days they are traveling
- Transparent coverage – customers can easily review the coverage and limits in the app
- Global coverage – the insurance is valid for trips to multiple destinations
- Flexible policy types – customers can choose from various policy types to suit their needs
- Easy purchase – customers can purchase the insurance directly in the Revolut app
- 24/7 support – customers can contact the insurance provider for assistance and claims
What Are the Limitations of Revolut Travel Insurance?
While the Revolut Travel Insurance offers many benefits, there are also some limitations that customers should be aware of, including:
- Exclusions – the insurance may not cover pre-existing medical conditions, extreme sports, or other specific risks
- Limitations – the coverage and limits may vary depending on the policy type, destination, and other factors
- Claims process – customers may need to provide documentation and evidence to support the claim, and the processing time may vary
- Customer responsibility – customers should read the policy document carefully and follow the instructions and requirements to ensure full coverage
Revolut Travel Insurance: Conclusion
The Revolut Travel Insurance is a comprehensive and affordable insurance policy designed to cover various travel-related risks and expenses. The policy is available to all Revolut customers who have activated the service in the app, and it offers global coverage for trips up to 90 days. While the insurance has some limitations and exclusions, it offers many benefits and features that can help customers travel with peace of mind. To get the best value and coverage, customers should carefully review the policy document, compare the options, and purchase the insurance before the trip starts.
Meta Description: Revolut Travel Insurance is a comprehensive and affordable insurance policy designed to cover various travel-related risks and expenses. Read this article to learn more about its features, benefits, and limitations.
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