Travel Insurance Jargon Buster

• Annual Multi Trip

  An insurance policy that lasts all year round and covers you for multiple trips and holidays abroad. There is usually a limit to the length of each trip. These policies can work out cheaper than individual short-term policies every time you travel.

• Baggage and Personal Effects

  Your policy should cover you if your belongings are lost, stolen or damaged while you are travelling. There will be a limit on the total amount that can be claimed and possibly a limit on the maximum value for a single item. If you are planning to take an expensive camera or jewellery with you it is worth checking this.

• Cancellation

  Some travel insurance policies cover you in the event of cancellation e.g. unforeseen circumstances, illness or injury. For this reason, it is sensible to take out a travel insurance policy as soon as you book your holiday.

• Delay

  If your flight is delayed for an extended period of time e.g. over 12 hours, you may be able to claim compensation on your travel insurance policy and be reimbursed for additional expenses you have incurred such as overnight accommodation.

• Excess

  Excess is the amount of money you are required to pay for a claim with the balance being paid by the insurer. Most insurance policies have some sort of compulsory excess to discourage small claims from consumers.

• Exlusions

  These are things not covered by your travel insurance policy. A list of general exclusions tends to be located in your policy documentation and commonly includes things like pre-existing or undiagnosed medical conditions, dangerous activities and negligent behaviour. It’s important that you read and understand this part of your policy.

• Group Cover

  This type of travel insurance policy covers a group of people who are travelling together. Commonly taken our employers, sports teams, large families and senior groups.

• Joint Cover

  This type of travel insurance policy covers 2 people who are travelling together. Commonly taken our by couples, family and friends.

• Personal Liability

  If your policy includes personal liability insurance then you are covered if you injure someone else while travelling.

• Pre-existing medical condition

  If you suffer from a serious medical condition it is important that you declare this to your insurer before taking out a policy with them. If you don’t the may not accept any claim you make for medical treatment while abroad.

• Repatriation

  If you suffer from a serious accident or illness while travelling your travel insurance will arrange for you to be brought back to the UK for treatment.