Coverwise Travel Insurance [Review]
Private Limited Company
Coverwise is an international insurance intermediary based currently in Gibraltar which offers a range of general insurance products throughout the EU, including Coverwise Travel Insurance.
Coverwise Travel Insurance policies are underwritten by AXA and provide 5 optional levels of cover: Standard, Bronze, Silver, Gold, and Platinum.
With their upper levels of cover, Coverwise also offer a range of additional cover options to add to your policy and tailor your protection, such as Extended Business Cover and Golf Cover.
Coverwise Travel Insurance Review
Coverwise Travel Insurance is available as either Single-Trip or Multi-Trip policies. Family policies can cover up to 2 adults and any number of children under the age of 18.
Extended Travel Disruption Cover will cover your journey to and from your travel destination. This means that you could technically claim £1,000 for a missed outbound flight to your destination as well as an additional £1,000 if you miss your flight home.
Coverwise offer as much as £20 million cover for emergency medical expenses if you are injured abroad. They also offer optional extended cover for travel disruptions to help you get to your destination.
Coverwise have 5 Geographical Areas to choose from when you take out your policy.
- UK Only (available only as a Single-Trip policy)
- UK & Europe
- Australia & New Zealand Only (available only as a Single-Trip policy)
- Worldwide (excluding USA, Canada & Caribbean)
With a Multi-Trip policy, your covered trips abroad cannot exceed 31 consecutive days (17 days for winter sports). Single Trip policies will cover you for one trip, with the limit of your trip’s length outlined in your policy documents.
Coverwise Baggage Cover offers only limited cover for valuables if your luggage is lost or damaged. Valuables are typically defined as precious or high-value items, such as jewellery, electronics, cameras, and precious stones or metals.
The death benefit you receive under Accidental Death & Disability Cover is dependant on the age of the deceased person. Persons under the age of 16 or over the age of 65 are covered by a decreased benefit. You can read more about your age dependant cover in your policy documents.
Coverwise Travel Insurance Policy Summaries
Coverwise offer 5 levels of Travel Insurance cover, ranging from minimal cover to highly comprehensive.
Standard Policy Summary
Bronze Policy Summary
Silver Policy Summary
Gold Policy Summary
Platinum Policy Summary
Glossary of Travel Insurance Cover Terms
- Accidental Death & Disability Benefit: If someone under a Coverwise Travel Insurance policy dies, loses a limb or becomes permanently disabled while abroad, this cover will pay out a benefit.
- Airline Cover: This cover will pay out if the airline you are scheduled to fly with fails either before embarking on your journey or while you are abroad.
- Baggage Cover: This cover will pay out to compensate of you if any of your luggage or personal possessions are damaged, stolen or lost during your travels, provided you have taken the appropriate safety precautions to protect them.
- Business Cover: If you are travelling for business reasons, this cover offers additional protection to ensure that your business-related tasks can still be carried out. It can afford a replacement employee as well as replace lost or damaged samples.
- Cancellation Cover: If unforeseen circumstances force you to cancel your holiday or cut it short, this cover will refund you some or all of the price of your holiday.
- Catastrophe Cover: If an earthquake, explosion, fire, flood, hurricane or storm prevents you from following through with your travel plans, Coverwise will pay out a small lump sum to help you make alternative arrangements.
- Delay Cover: If your international flight, train, or boat is delayed, this cover will pay out regular benefits over a period of time.
- Emergency Dental Cover: If you suffer a dental emergency while abroad, this cover will cover the cost of fast emergency dental treatments.
- Extended Business Cover: This optional cover will provide extra protection if you are travelling for business, covering equipment, money, and courier fees.
- Extended Travel Disruption Cover: This cover option, unique to Coverwise, will provide extra protection if your travel plans are disrupted while travelling to and from your destination of choice.
- Golf Cover: This optional add-on for your policy will pay out to cover personal and hired golfing equipment while you’re abroad as well as cover non-refundable fees if you need to cancel your golfing plans unexpectedly.
- Hijack Cover: Coverwise will cover you if an aircraft, train or sea vessel you are travelling in as a fare-paying passenger is unlawfully seized.
- Hospital Benefit: If you are admitted to hospital while abroad, Coverwise will pay out a small benefit for each night you spend in hospital.
- Legal Cover: This cover will pay out to help you cover legal costs if you want to pursue compensation in the event that you suffer injury or illness while you’re abroad.
- Medical Cover: This cover will pay out to cover the cost of any emergency medical treatment you may need while outside the UK. This payout can also cover additional travel or accommodation costs associated with your treatment.
- Missed Departure Cover: Providing you are not to blame for missing your flight, train or boat, your Coverwise Travel Insurance policy will pay out to help you afford replacement transportation if you miss your departure.
- Money, Passport & Travel Documents Cover: This cover will reimburse if during your travels your money, passport, tickets or essential travel documents are lost or stolen. You will only be able to claim this cover if you have taken the necessary precautions to ensure the safety of your belongings.
- Mugging Cover: This cover will help you afford medical treatment if you sustain injuries as the result of a violent mugging.
- Personal Liability Cover: If an event occurs that you are legally liable to pay for, such as damage to another person’s property or accidental injury, your Coverwise Travel Insurance will pay out to help you cover the costs associated.
- Pet Care Cover: If you are delayed from coming home and have a pet that is being cared for by a kennel or cattery, your Travel Insurance will cover the cost of extending your pet’s stay until you are able to return home.
- UK Pysiotherapy Cover: If you are injured while abroad and require continued treatment when you return to the UK, Coverwise will cover a limited number of physiotherapy sessions in the UK.
- Winter Sports Cover: This add-on extends your policy’s cover to include winter sports. This means that you will be able to receive compensation for bought or rented equipment and pre-paid ski packs and passes. You can also claim for piste closure and ski lift passes.
Additional Information About Travel Insurance from Coverwise
Key Comparison Points for Coverwise Travel Insurance
- Coverwise does not cover pre-existing conditions and their policies are not available to people over the age of 76 (Single-Trip) or 66 (Multi-Trip). This means that Coverwise Travel Insurance policies may not be suitable to older people with certain medical conditions. However, Coverwise are able to cover families with any number of children and the broad variety of cover options means that policies are suitable for individuals and families with any kind of budget.
- Coverwise is one of the few providers that offers cover for UK physiotherapy. This means that if you are injured while you are abroad, you can claim up to £400 when you return home to cover the cost of physiotherapy, speeding up your recovery and saving you from a long wait for your treatment.
- Coverwise offer an extensive list of sports and activities that are covered as standard by their Travel Insurance policies. This list includes activities such as bungee jumping, sailing, water skiing, horse riding, and snorkelling. The standard list for winter sports also includes activities such as ice hockey, ice diving, off-piste skiing and snow-mobiling. However, Coverwise do not offer an optional additional list to increase the number of activities you are covered for.
- Any equipment, valuables or personal belongings that are covered by your policy must be appropriately cared for and protected if you expect to be able to claim for their damage or loss. Items that are left unattended or unsecured, or items that are damaged as a result of general wear and tear or during a maintenance process are not covered by your Travel Insurance.
Coverwise Travel Insurance Excess
The level of excess that you need to pay when making a claim will depend on your policy’s level of cover as well as the type of cover you are claiming for.
£100 / £150 / £200
£100 / £200
The following list includes the cover types where you will typically be required to pay a mandatory excess. However, with a Platinum Coverwise Travel Insurance policy, some of these excess payments are removed. See your policy documents to learn more about how an excess is applied to your policy.
- Cancellation Cover
- Medical Cover
- Emergency Dental Cover
- Baggage Cover
- Money, Passport & Travel Documents Cover
- Personal Liability Cover
- Missed Departure Cover
- Legal Cover
- Winter Sports Cover (equipment cover)
- Business Cover (samples, equipment, and currency cover)
- Golf Cover (equipment cover)
- Extended Travel Disruption Cover (cancellation/ abandonment, additional expenses, and missed departure cover)
While different types of cover and claims have their own specific exclusions, there are also some that are applied generally to your policy:
- War risks/ civil commotion/ terrorism (except under medical cover and hospital benefit)/ sonic bangs/ radioactive contamination
- Climbing or jumping from vehicles, buildings or balconies, regardless of height
- Wilful, self inflicted injury, suicide, drug use or solvent abuse
- Claims resulting from excessive consumption of alcohol
- Unlawful or criminal actions committed by yourself or persons covered by the policy
- Travelling to a certain area against the advice of the Foreign and Commonwealth Office or the World Health Organisation.