Your Ultimate Travel Insurance Glossary: Terms starting with B
Glossary on Travel Insurance Terms starting with B
Understanding travel insurance can be complex, but knowing
the key terms and concepts can simplify the process. This glossary is designed
to answer essential questions about travel insurance, such as “What is included
in travel insurance?” and “What is LTA in travel insurance?” It covers a wide
range of topics, from the most common type of travel insurance to specifics
like global travel protection and what “worldwide” means in the context of
coverage.
Whether you're curious about the duration of travel
insurance, what international and domestic policies cover, or what travel
insurance does not cover, this guide has you covered. Discover the different
types of travel insurance, the importance of having coverage, and how global
travel insurance terms apply, especially with considerations for COVID-19.
With clear explanations and examples, you’ll learn about
global travel policies, what is covered in international travel insurance, and
how to obtain the right travel insurance for your needs. Dive into our glossary
to gain a comprehensive understanding of travel insurance and make informed
decisions for your next trip.
To help you decode this complex landscape, we've compiled a
comprehensive glossary from A to Z. Whether you're a seasoned traveler or a
first-time explorer, this guide will equip you with the knowledge you need to
understand and make the most of your travel insurance coverage.
B | |||||||||
| Y | Z | | | |
- Benefit: The monetary reimbursement or service provided by a travel insurance policy to cover specific losses or expenses incurred during a trip.
- Baggage Insurance: Coverage offered by travel insurance for loss, theft, or damage to personal belongings and luggage during travel.
- Baggage Delay: A situation where checked baggage does not arrive at the destination within a specified timeframe, often resulting in compensation for essential items purchased during the delay.
- Blanket Insurance: A type of travel insurance policy that provides coverage for multiple individuals under a single policy, such as families or groups traveling together.
- Broker: An intermediary who helps travelers find suitable travel insurance policies from various insurance providers, offering advice and assistance in selecting the right coverage.
- Beneficiary: The individual or entity designated to receive the benefits of a travel insurance policy in the event of the insured person's death.
- Baggage Delay: Coverage that reimburses you for essential items you need to purchase if your checked bags are delayed by the airline for a certain period (usually 4-6 hours).
- Baggage and Personal Effects Loss or Damage: Coverage for lost, stolen, or damaged luggage and personal belongings during your trip. This typically includes clothing, electronics, and other valuables.
.png)
- Baggage Limit: The maximum amount the insurance company will reimburse you for lost, stolen, or damaged luggage and personal belongings.
- Benefit Period: The specific timeframe after an insured event (like a medical emergency) during which you can file a claim and receive benefits under your travel insurance policy.
- Bodily Injury Liability: Coverage that pays for medical expenses and legal fees if you injure someone else (not including yourself) during your trip. This is typically not included in standard travel insurance plans.
- Booking Cancellation: Coverage that reimburses you for prepaid, non-refundable trip expenses if you are forced to cancel your trip for a covered reason (as defined in the policy). Examples might include illness, injury, natural disasters, or political unrest.
- Bumping: A situation where an airline denies boarding to confirmed passengers due to overbooking a flight. Some travel insurance plans offer coverage for additional expenses incurred due to bumping.
- Business Interruption: This coverage, typically included in business travel insurance plans, reimburses for lost income if you are unable to work due to a covered event during your business trip.
Disclaimer:
Some of the links you'll find on this blog are affiliate links. This means we may earn a small commission if you click on them and make a purchase. This commission comes at no extra cost to you, and it helps us keep creating awesome content for you! We only recommend products we genuinely love and believe in, so rest assured you're getting honest recommendations.
Comments
Post a Comment