Faye travel insurance review
Faye travel insurance pros and cons
Pros
- High limits for emergency medical expenses
- Add-ons for pet care, rental car coverage and adventure sports
- Cancel For Any Reason insurance covers up to 75% of non-refundable expenses
Cons
- Only one plan
- No annual travel insurance policies
Faye travel insurance plans
Faye only has a single policy, so you can’t choose among different tiers with different coverage levels and benefits.
Fortunately, that base plan is quite comprehensive. — with high limits for baggage, personal belongings, medical emergencies, evacuation and more. The policy is also bolstered by numerous optional add-ons — including coverage for your pets, whether they’re traveling with you or staying behind.
Faye coverage limits
Faye’s base plan includes the following limits
| Benefit | Coverage limit |
|---|---|
| Trip cancellation | 100% of non-refundable trip costs (up to $40,000) |
| Trip interruption | 150% of non-refundable trip costs (up to $60,000) |
| Trip delay | $300 per day for delays of at least six hours (up to $2,100) |
| Missed connection | $200 (after three hours) |
| Baggage delay | $200 starting at 6 hours (without receipt), $300 starting at 12 hours (with receipt) |
| Lost/damaged luggage | Up to $2,000 total |
| Emergency medical expenses | Up to $250,000 (primary coverage) |
| Emergency medical evacuation | Up to $500,000 |
| Non-medical emergency evacuation | Up to $100,000 |
Optional add-ons
Add-ons vary by plan and state, but include:
- CFAR coverage: Up to 75% of trip costs 75% (can cancel up to 48 hours before departure).
- Rental car insurance: Coverage for collision, natural disasters, theft and vandalism
- Adventure travel and extreme sports: Up to $250,000 for international trips and $50,000 for sports like skydiving, bungee jumping or free diving.
- Vacation rental damage: Up to $3,000 for unintentional damages to rental properties
- Pet care: $2,500 in vet expenses and $250 in kenneling costs if you arrive home later than planned.
How much does Faye cost?
We requested coverage for a two-week United Kingdom vacation in April for two 35-year-old adults from New York with two children, ages 8 and 10, and a cost of about $3,000 per person or $12,000 total.
Faye quoted us a rate of about $690 for the family of four. That’s 5.75% of the trip’s total cost, which is on the lower side of the average cost of travel insurance.
How Faye compares to other travel insurance companies
We compared Faye to two other leaders in the travel insurance space.
Faye vs. Travel Guard®
Both Travel Guard and Faye offer an easy online purchasing experience with first-rate customer service.
But while Faye has just one plan, Travel Guard offers three tiers—from the budget-level Essential policy to the comprehensive Deluxe policy— plus a last-minute travel plan that forgoes trip cancellation coverage.
Travel Guard® Travel Insurance
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Policy highlights
AIG Travel Guard offers Essential, Preferred and Deluxe policies, as well as an annual plan and Pack N’ Go Plan for same-day travel. Add-ons include coverage for rental vehicles, pets, adventure sports and wedding cancellations
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Cancel For Any Reason coverage
Add-on to Preferred and Deluxe plans reimbursing 50% of trip costs if purchased within 15 days of booking
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Pre-existing condition waiver
Available with any plan purchased within 15 days of initial trip deposit
Faye’s plan includes higher coverage limits in several areas, including emergency medical expenses: It maxes out at $250,000, compared to $100,000 with Travel Guard’s Deluxe policy. It also offers twice as much coverage for lost luggage than Travel Guard.
Read: Travel Guard travel insurance review
Faye’s CFAR insurance also reimburses up to 75% of trip expenses, compared to just 50% with Travel Guard.
But Travel Guard comes out on top for affordability: For the same family trip to the U.K., even its Deluxe Plan was cheaper than Faye’s quoted rate.
Faye vs. World Nomads
World Nomads‘ four plans max out at $15,000 for both trip cancellation and interruption. Faye however, reimburses 100% of your non-refundable trip costs if you cancel and 150% if there’s a trip interruption.
World Nomads Travel Insurance
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Policy highlights
Standard, Explorer, Epic single-trip plans and annual/multi-trip plan, with CFAR available with top-tier policies
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Cancel For Any Reason coverage
Add-on for Explorer and Epic plans covering 75% of nonrefundable costs if purchased seven days before initial deposit. (Not available in New York.)
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Pre-existing condition waiver
Available with Explorer and Epic plans purchased seven days before first deposit.
You’ll need to purchase World Nomads’ priciest Epic plan to get the same $250,000 in medical expenses coverage that Faye offers, and to get the same CFAR coverage that covers 75% of trip costs.
If you travel on the wild side, however, coverage for more than 250 adventure activities — including bungee jumping, snorkeling and ziplining — is standard with all World Nomads plans. Dozens more, from cliff diving to parachuting, are covered on higher tiers.
With Faye, getting coverage for adventure activities is an extra add-on.
A quote from World Nomads found that our family of four would pay about $331 for the Standard plan, $551 for the Explorer plan and $1,016 for the Epic plan. Faye’s quote was $690 for the same trip.
Is Faye travel insurance right for me?
Faye is a great choice if you’re a digital-savvy traveler who wants to quickly snag a policy without having to decide among various tiers. The convenient mobile app can help you track flights, file claims, book telemedicine appointments and more.
If you want the cheapest policy possible — or the ability to choose coverage limits from among different tiers — Faye may not be the right option for you.
Faye travel insurance FAQs
Is Faye travel insurance legit?
Faye is a legitimate travel insurance company owned by German conglomerate Zenner, Inc. Its policies are underwritten by the United States Fire Insurance Company.
Can I get a Faye policy with a pre-existing medical condition?
Faye offers a waiver for pre-existing medical conditions, but you need to buy your policy within 14 days of making your initial trip payment and you are medically able to travel when you purchase your policy. Not all conditions are covered by waivers, so check with the provider for particulars.
How do I file a claim with Faye?
You can file a claim with Faye online, on the mobile app, by calling 833-240-7056 or by emailing claims@withfaye.com. You’ll need to first cancel with your airline, hotel, tour operator and any other providers and get proof of payment or your original confirmation. Depending on your reason for cancelling and the nature of your claim, you’ll also need to provide receipts, proof of cancellation, documentation from the airline, a medical certificate or copies of accident or police reports.
Does Faye cover cancellations due to Covid-19?
Faye treats Covid-19 like any other illness, so you should be able to get reimbursed if you need to cancel your trip or access interruption benefits and medical coverage if you need to cut your trip short.
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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Our methodology
CNBC Select judges travel insurance companies on average rates, the number of plans, coverage limits and options, customer service and the availability of add-ons like Cancel for Any Reason insurance or rental car coverage.
For sample rates in this story, we gathered quotes for an April 2025 trip to the United Kingdom for a family of four, including two New York residents aged 35 with two children, ages 8 and 10, spending $3,000 per person ($12,000 total).
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
