Travel and Holiday Insurance - Glossary of Terms

Travel Insurance

Insurance which gives cover to people usually travelling to foreign countries on holidays or business travel. Some of the benefits include reimbursement for medical expenses, loss of luggage and money, cancellation or curtailment, departure delay and loss of passport etc. Lump sums are payable for personal accident covering death, loss of limbs or eyes or permanent disablement. There are certain legal expenses for claims against a third party causing injury to the insured are also payable plus personal liability cover if the insured causes injury to a third party or their property. The maximum amounts of cover for all the above cases are stipulated case by case by the insurers.

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