Travel Insurance Vocabulary and Definitions

Front

What is travel insurance?

Back

Insurance that covers medical expenses, trip cancellation, lost luggage, flight accidents, and other losses incurred while traveling.

Front

When can travel insurance usually be arranged?

Back

At the time of booking a trip to cover the duration of that trip.

Front

What is a 'multi-trip' policy?

Back

A policy that covers an unlimited number of trips within a set period.

Front

What do some credit card issuers offer regarding travel insurance?

Back

Automatic travel insurance if travel arrangements are paid by their cards.

Front

What is a policyholder?

Back

The person with whom an Insurance Company has concluded the insurance policy.

Front

Who are insured persons?

Back

The persons named in the insurance certificate or the group of persons described in the insurance certificate.

Front

What is a premium in insurance?

Back

The price of the insurance, including legally applicable taxes.

Front

What does deductible mean in insurance terms?

Back

The amount or percentage that the insured must pay, deducted from the indemnity paid by the insurer in each claim.

Front

Define 'accident' in the context of insurance.

Back

Any sudden, unexpected, external, violent event resulting in bodily injury.

Front

What constitutes an illness in insurance terms?

Back

A sudden and unexpected deterioration of health certified by a competent medical authority.