Your Ultimate Travel Insurance Glossary: Terms starting with N

 Glossary on Travel Insurance Terms starting with N

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.

A	B	C	D	E	F	G	H	I	J
K	L	M	N	O	P	Q	R	S	T
U	V	W	X	Y	Z

1. Named Perils: Specific events or hazards listed in an insurance policy that are covered. For travel insurance, this might include specific reasons for trip cancellation, such as illness, natural disasters, or job loss. Coverage is only provided if the claim results from one of the listed perils.
2. Natural Disaster: Refers to catastrophic events such as earthquakes, hurricanes, floods, or wildfires. Travel insurance policies may offer coverage for trip cancellations, interruptions, or delays caused by natural disasters affecting the traveler’s destination or home.
3. No-Show: A No-Show occurs when a traveler fails to appear for their scheduled travel arrangements, such as flights or hotel stays, without cancelling. Travel insurance may provide coverage for prepaid, non-refundable expenses if the no-show is due to a covered reason like illness or an emergency.
4. Non-Medical Evacuation: It involves the transport of travelers from a location due to non-medical emergencies, such as political unrest, natural disasters, or other safety concerns. Travel insurance may cover the costs associated with arranging and executing the evacuation.
5. Non-Refundable Expenses: Costs associated with travel arrangements that cannot be recovered if the trip is cancelled or interrupted. Travel insurance policies typically reimburse these expenses if the cancellation or interruption is due to a covered reason.
6. Not Covered: Indicates situations, conditions, or events that are excluded from coverage under a travel insurance policy. It’s crucial for travelers to understand these exclusions to avoid unexpected out-of-pocket expenses.
7. Notification of Claim: The process of informing the insurance provider about a potential claim. Most travel insurance policies require timely notification, often within a specified period after the event causing the claim, to ensure eligibility for coverage.
8. Network Providers: Network Providers are medical professionals, clinics, and hospitals that have agreements with an insurance company to provide services to insured individuals at pre-negotiated rates. Using network providers can reduce out-of-pocket costs for travelers needing medical care abroad.
9. Non-Medical Coverage: Non-Medical Coverage includes benefits provided by travel insurance policies that are not related to medical expenses. This can encompass trip cancellation, trip interruption, baggage loss, and travel delay benefits.
10. Notice of Loss: A formal declaration made by the insured to the insurer, indicating that a loss has occurred that might result in a claim. This notice must typically be submitted within a specific timeframe as outlined in the insurance policy.
    
    
    
11. New Policyholder: An individual who has recently purchased a travel insurance policy. New policyholders should familiarize themselves with their policy’s terms, conditions, and coverage limits to ensure they understand their benefits and responsibilities.
12. Nominee: A Nominee is a person designated by the policyholder to receive the benefits or claim amount in the event of the policyholder's death. It’s essential for travelers to name a nominee when purchasing travel insurance to ensure their beneficiaries receive the benefits without complications.
13. Non-Disclosure: Refers to the act of not revealing important information to the insurance provider. This can include not disclosing pre-existing medical conditions or travel plans that involve high-risk activities. Non-disclosure can lead to the denial of claims or cancellation of the policy.
14. Non-Renewable Policy: A Non-Renewable Policy is a type of travel insurance policy that cannot be extended or renewed once it expires. Travelers must purchase a new policy if they need coverage beyond the initial policy period.
15. Notice of Claim: A formal communication by the insured to the insurer informing them of an event that could lead to a claim. This notice typically needs to be provided within a specified period after the event occurs to ensure that the claim can be processed.
16. Non-Refundable Deposit: A Non-Refundable Deposit is an advance payment made for travel arrangements that cannot be recovered if the trip is cancelled. Travel insurance may cover these deposits if the cancellation is due to a covered reason, such as a medical emergency or natural disaster.
17. Non-Travel Related Benefits: Additional benefits provided by a travel insurance policy that do not directly relate to travel activities. This could include things like identity theft protection or concierge services.
18. Non-Cancellable Policy: A type of insurance policy that cannot be cancelled by the insurer except in cases of fraud or non-payment of premiums. This provides a higher level of security to the policyholder.
19. No Fault Coverage: No Fault Coverage refers to insurance that pays for the policyholder's own losses regardless of who caused the accident. In the context of travel insurance, this might apply to certain types of personal accident coverages.
20. Network Hospital: A hospital that has an agreement with an insurance company to provide medical services to insured individuals at pre-negotiated rates. Access to network hospitals can significantly reduce the cost of medical treatment for travelers.
21. Non-Emergency Medical Transportation: Non-Emergency Medical Transportation involves the transportation of an insured individual for medical reasons that do not qualify as emergencies. This might include transport to a medical facility for ongoing treatment or rehabilitation.
22. Non-Travel Companion: A person who is not traveling with the policyholder but may have an impact on their travel plans. For instance, if a non-travel companion becomes seriously ill, the policyholder might need to cancel their trip to provide care, which could be a covered reason under some travel insurance policies.
23. Notice Period: The duration within which the insured must notify the insurer about a claim or an event that could lead to a claim. Failure to notify within this period can result in the denial of the claim.
24. Non-Medical Evacuation: It refers to the transportation of the insured from a location where there is a significant threat to their safety, such as due to political unrest, natural disasters, or other emergencies, to a safer location. This type of evacuation does not involve medical reasons.
25. Non-Occupational Coverage: Non-Occupational Coverage provides benefits for injuries or illnesses that occur outside of work-related activities. For travelers, this ensures that incidents not related to their employment are still covered by their travel insurance policy.
26. Non-Refundable Expenses: Are costs incurred for travel arrangements that cannot be refunded if the trip is cancelled. Travel insurance can reimburse these expenses if the cancellation is due to a covered event, such as illness or severe weather.
27. Non-Resident Insurance: Non-Resident Insurance is travel insurance coverage designed for individuals who are not permanent residents of the country in which the policy is issued. This is particularly useful for expatriates, digital nomads, and long-term travelers.
28. Natural Disaster Coverage: This coverage includes protection against losses or interruptions caused by natural events such as hurricanes, earthquakes, floods, or volcanic eruptions. This can cover trip cancellations, interruptions, and sometimes additional expenses incurred due to the disaster.
29. Notice of Loss: The formal notification given to the insurance company about an incident that might result in a claim. This notification must be made within a specified time frame to ensure the claim is valid and can be processed.
30. Network Provider: A healthcare provider (such as a hospital, clinic, or physician) that has a contractual agreement with the insurance company to offer medical services to insured individuals at agreed-upon rates. Using a network provider can help minimize out-of-pocket expenses for the insured.
31. Notification Requirement: A policy condition that specifies the timeframe within which the insured must inform the insurer about any event that might lead to a claim. Prompt notification helps in the timely processing and approval of claims.
32. Non-Smoker Discount: A Non-Smoker Discount is a reduced premium offered to individuals who do not smoke. This discount is based on the lower health risks associated with non-smokers compared to smokers.
33. Non-Transferable: Non-Transferable indicates that the travel insurance policy cannot be transferred to another individual. The coverage is specific to the policyholder and their designated beneficiaries.
34. No Claim Bonus: A reward given by the insurance company to the policyholder for not making any claims during the policy period. This bonus could be in the form of a discount on the renewal premium or additional coverage benefits.
35. Non-Emergency Medical Transport: Non-Emergency Medical Transport covers the cost of transportation for medical reasons that are not urgent, such as scheduled medical treatments or follow-up appointments. This can include ambulance services or other medical transportation methods.
    
    
    
36. No-Fault Clause: A provision in the insurance policy that allows for payment of a claim regardless of who is at fault for the incident. This simplifies the claims process and ensures quicker payouts for the insured.
37. Net Premium: The amount paid for the insurance policy after deducting any fees, commissions, or other charges. This represents the pure cost of the insurance coverage.
38. Notification of Claim: It refers to the formal process of informing the insurance provider about an incident or event that might result in a claim. This notification must usually be made within a specified time frame as outlined in the policy.
39. Named Insured: The individual(s) whose name(s) appear on the insurance policy and who are covered by the terms of that policy. This person is responsible for paying the premium and is entitled to the benefits provided.
40. Non-Compliance Clause: A Non-Compliance Clause stipulates that failure to adhere to certain terms and conditions outlined in the policy may result in denial of coverage or claims. This includes not following prescribed safety measures or engaging in prohibited activities.
41. Network Restrictions: It refer to limitations placed on the insured regarding which healthcare providers they can visit. Using out-of-network providers may result in higher out-of-pocket costs or reduced coverage.
42. No-Surcharge: No-Surcharge indicates that no additional charges or premiums will be added to the policyholder's bill under certain conditions. This could apply to renewals or specific types of coverage.
43. Non-Admission Clause: A Non-Admission Clause prevents the insurance company from acknowledging liability for a claim until a thorough investigation has been completed. This allows the insurer to thoroughly review the circumstances before making a payment decision.
44. Net Settlement: Refers to the final amount paid to the policyholder after deducting any applicable costs, fees, or deductibles from the gross claim amount.
45. Non-Disclosed Condition: A medical condition or other pertinent information that the policyholder did not reveal to the insurer when applying for the policy. Failure to disclose such conditions can result in denial of claims or cancellation of the policy.
46. Notification Period: The Notification Period is the specific time frame within which the insured must inform the insurer about an incident that could lead to a claim. Failure to notify within this period can result in the claim being denied.
47. Non-Resident Alien Coverage: This coverage provides insurance benefits for individuals who are not citizens or permanent residents of the country where the policy is issued. This is often relevant for international travelers or expatriates.
48. Non-Participating Policy: An insurance policy that does not pay dividends to the policyholder. The policyholder is entitled only to the benefits outlined in the policy, with no share in the insurer's profits.
49. Non-Occupational Accident: A Non-Occupational Accident refers to an accident that occurs outside of work-related activities. Coverage for non-occupational accidents ensures that the insured is protected against injuries sustained in their personal time.
50. Network Area: The Network Area is the geographical region within which the insured can access healthcare providers that are part of the insurance company's network. Receiving care outside this area may result in higher costs or reduced coverage.
51. No-Fault Insurance: A type of insurance policy where the insurer pays for the policyholder's damages regardless of who is at fault in an accident. This is designed to reduce litigation and speed up the claims process.
52. Non-Cancellable Policy: A Non-Cancellable Policy guarantees that the policy cannot be cancelled by the insurer as long as the premiums are paid. This ensures continuous coverage for the duration of the policy term.
    
    
    
53. No Claim Bonus: A discount on the premium offered by insurance companies to policyholders who have not made any claims during the previous policy period. This incentive encourages careful and claim-free travel.
54. Non-Refundable Deposit: Refers to a portion of a payment made by the traveler that cannot be refunded if the trip is cancelled. Travel insurance can cover these non-refundable deposits in the event of a covered cancellation.
55. Non-Medical Evacuation: Non-Medical Evacuation covers the costs of evacuating the insured from a location due to non-medical emergencies, such as natural disasters, political unrest, or other safety concerns. This is different from medical evacuation, which is for health-related emergencies.
56. Notice of Loss: The process of formally notifying the insurance company about a loss or damage that might result in a claim. This notification is typically required within a specified time frame as outlined in the policy.
57. Non-Voluntary Repatriation: Non-Voluntary Repatriation covers the costs associated with returning the insured to their home country due to involuntary reasons such as political evacuation, deportation, or other emergencies.
58. No-Fly Zone: An area where aircraft are not permitted to fly due to safety or political reasons. Travel insurance may provide coverage or evacuation assistance if a traveler is in a location that becomes a no-fly zone.
59. Non-Covered Services: Services or treatments that are not included in the insurance policy's benefits. Policyholders must pay out-of-pocket for these services if needed during their travels.
60. Notice of Cancellation: Notice of Cancellation is the formal notification given by the policyholder to the insurance company to terminate the policy. This notice must be provided according to the terms outlined in the policy contract.
61. Natural Disaster Coverage: Natural Disaster Coverage in travel insurance provides financial protection against losses due to natural disasters such as hurricanes, earthquakes, floods, or volcanic eruptions that can impact travel plans.
62.  Non-Sufficient Funds (NSF) refers to the situation where a bank account does not have enough money to cover a transaction, such as an insurance premium payment. An NSF situation can lead to the cancellation of the insurance policy if not resolved promptly.
63. Non-Owned Aircraft Coverage: Non-Owned Aircraft Coverage provides liability protection for individuals who rent or borrow aircraft that they do not own. This coverage is essential for travelers who might use private planes during their trips.
64. No Medical Exam Required: Policies do not require the insured to undergo a medical examination to qualify for coverage. This type of policy is beneficial for travelers with pre-existing medical conditions or those who prefer a quick and straightforward application process.
65. Negligence: Negligence refers to the failure to exercise a reasonable level of care that results in harm or damage. Travel insurance policies may have specific exclusions related to negligence, meaning claims resulting from negligent behavior might not be covered.
66. Network Discounts: Network Discounts are reduced rates for medical services provided by network providers. These discounts lower the cost of medical care for insured individuals who use healthcare providers within the insurance company's network.
67. Non-Deductible Expenses: Costs that the insured does not have to pay out-of-pocket before the insurance coverage kicks in. These expenses are covered from the first dollar, without the insured having to meet a deductible.