Travel Insurance | Insurance Glossary

Definition of "Travel insurance"

Insurance coverage for pitfalls associated with travel. The coverage can be classified as follows:

Trip Cancellation the travelers) must cancel the trip because of unforeseen circumstances such as an illness;
Trip Interruption coverage in the event a trip is terminated because of illness or hotel ceases to continue to operate;
Lost Luggage valuables are lost and expenses are incurred because of the inconvenience;
Default Protection a trip is cancelled because a carrier or tour operator is no longer in business.

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