What does "maximum policy coverage" mean? Published by Chris Harvey May 13, 2008 This is the maximum amount of money that the travel insurance company will pay for eligible or covered expenses. This may be an overall maximum or an amount for each accident, illness or occurrence. Related articles: One of the members of our family is much older than the rest of us. Does that effect the premium? What does "baggage delay" cover? What is "International Medical" travel insurance? My travel insurance policy excludes hazardous sports? What is considered a hazardous sport? I have already departed from my primary place of residence. May I purchase cancellation insurance for a return trip home?