Understanding Travel Insurance Terminology

Looking for travel insurance can often be aitems or events that will be excluded from their
somewhat daunting business if you’re unclearcover. Exclusions that appear often might be things
about the crucial terminology that surrounds thelike claims arising from medical conditions that you
industry and is thrust in your direction by the manyhaven’t declared, or claims for medical expenses
companies that all want to earn your very valuablethat arose from the policyholder not taking
custom. It really is vital that you understand what allreasonable precautions to prevent injury.
the key terms mean to ensure that you’re notLEGAL EXPENSES. In case you should need to make
deceived and made to buy an insurance policy whichuse of legal aid when it comes to your travel
neglects to offer you the cover to suit your individualinsurance policy, or if you incur any legal expenses
needs. Here you will find a glossary of travelwhilst travelling, most companies offer a certain
insurance terminology which should be of assistanceamount of cover for legal expenses within their
in turning you into a travel insurance genius, and willpolicy.
hopefully furnish you with the confidence you’llPOLICY HOLDER. The policyholder is the person, or
need to come to grips with the process.organisation, who has been issued the policy by the
ANNUAL COVER. Annual cover pretty much doesinsurance company. It’s worth checking to see if
what it says on the tin: you’ll pay a one timeyou are entitled to any discounted rates as a
price which then provides you with cover for all thepolicyholder – there are often cheaper rates for
travelling you intend to do during one year. The othercouples, families, children and the elderly.
option you’ll be presented with is Single TripWINTER SPORTS COVER. Just as there are
insurance, which could save you some money ifdifferent types of holidays, there are also different
you’re only planning to take one trip this year.types of travel insurance to cover every traveller for
CLAIMS. A claim is just the term used when you asktheir individual needs. One example is winter sports
for compensation from your insurance company forcover, which is provided by most companies for
something covered by the policy you’ve decidedthose who intend to take a skiing or snowboarding
on. For instance, if you’re travelling and you haveholiday, for example. This can be very helpful in
a bag stolen that contained valuables, cash and youreliminating the need for unnecessary cover: if
passport, you can file a claim with the company thatyou’re planning a winter sports holiday, this will
provides your insurance to pay for the loss you havecover you for any additional risks, whilst travellers
suffered.planning family holidays by the beach can pick a
EXCESS. An excess is the amount that you must paydifferent policy to avoid the
towards each claim you make. These will varyextras.etravelinsurance.co.uk offer great deals on
depending on the company you go with, so be surestudent travel insurance including backpackers
to read the small print. It’s worth checking howinsurance which is especially designed to offer
much your excesses are before making a claim, toeconomical travel insurance cover for backpackers,
ensure that it’s really worth it.gap year students and anyone taking an extended
EXCLUSIONS. Every insurance policy has particulartrip abroad.