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: Can I get live assistance with a quote or purchase? Are there medical conditions that are not covered by travel insurance? Should I consider extending my return date to accomodate any unforseen delays in my return home? What other coverage is typically included in an AIG Travel Guard travel insurance plan? What is covered under the "Cancel for Work Reasons" benefit?