When buying insurance, there are many terms and definitions to comb through, and we understand it can be daunting. Here are some key travel insurance terms you might come across when looking for the best policy.
Provides a cash payment in the event of accidental loss of life or limb during a covered trip.
Policies that can cover adventurous sports and activities that are typically excluded.
Evaluates and rates the financial stability of insurance companies.
Reimburses the cost for lost, stolen, or damaged luggage.
An individual that receives a payout from a travel insurance policy’s AD&D benefit in the event of the accidental death of the policyholder while traveling.
Offers partial cancellation refund if you cancel for a reason not otherwise covered by your policy.
Provides reimbursement for damage to, or theft of, a rental vehicle during a covered trip.
The document that outlines the contract between you and your travel insurance provider.
A request for reimbursement for a covered expense or loss that occurred during your trip.
The percentage of medical expenses you are responsible for after your medical deductible.
The transportation company you are traveling with, such as an airline, cruise line, or train operator.
A popular type of travel insurance that provides cancellation coverage as well as extensive protection against other common unforeseen trip disruptions.
Offered by your provider to help coordinate certain aspects of your trip.
Covers trip cancellations if your travel supplier suspends operations due to financial circumstances.
Provides reimbursement in the event you must cancel or interrupt your trip due to inclement weather.
Reimburses your trip costs if you must cancel due to a terrorist attack at your destination.
The duration of time you’ll be protected by a travel insurance policy.
The co-pay amount that you are responsible for in the event of a medical emergency.
The date that you leave your home to begin your insured trip.
The date your travel insurance coverage goes into effect.
A 24-Hour Assistance Service department to help you at any point during your trip.
Reimburses the costs incurred to treat a medical emergency during a trip.
Provides transportation to the nearest medical facility in the event of an emergency.
Learn more about Emergency Medical Evacuation Transportation
Provisions found within a policy that waive coverage for specific expenses, events, and scenarios.
Provides a cash payment in the event of accidental loss of life or limb while flying during a covered trip.
The money back guarantee period in which you can cancel your policy for a full refund.
A period of time in which your provider can review your medical records to determine if a medical issue is considered pre-existing.
Reimburses the additional costs to catch up to your trip if your departing flight is delayed.
Travel insurance plans that cover multiple trips throughout a 12-month period.
An illness or injury that had a change in diagnosis of any kind during the lookback period.
The location where you live most of the time and where you will be departing from to start your trip.
The date that you expect to return home at the end of your trip.
A general term that refers to policies that provide travel protection for the duration of a single, one-off trip.
Reimburses some or all medical expenses relating to an unexpected dental emergency during your trip.
Covers 100% of your trip expenses if you can’t take your trip for a covered reason.
The sum of all your prepaid, non-refundable expenses made towards a trip.
Reimburses the costs of meals and accommodations when a trip is unexpectedly delayed.
The date in which you made your first payment towards your trip.
Reimburses trip payments if part of a trip is missed or cut short due to a covered reason.
Provides reimbursement for additional flights booked to return home early for a covered reason.