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Business Glossary
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Definitions for: travel insurance
travel insurance

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

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

Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Industry Associations

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National Travel Club
Provides services that offer subscribers travel insurance, car rental discounts, trip routing and local area services, dining benefits, information, and magazines.

Members: 130,000
Founded: 1901