Your Ultimate Travel Insurance Glossary: Terms starting with Q

Glossary on Travel Insurance Terms starting with Q

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. Qualified Medical Practitioner: A medical professional who is licensed to practice medicine in the country where treatment is given.
2. Quarantine: The restriction of movement imposed by a government or public authority to prevent the spread of illness. Travel insurance policies may cover additional expenses incurred due to quarantine.
3. Quote: An estimate of the premium you will have to pay for a travel insurance policy. Quotes can vary based on the duration of the trip, the destination, and the level of coverage chosen.
4. Qualifying Event: An occurrence that triggers a benefit under a travel insurance policy. Examples include trip cancellation, trip interruption, or a medical emergency.
5. Quick Reference Guide: A simplified version of the insurance policy highlighting key benefits, coverage limits, and exclusions. It is meant to provide a quick overview of the policy terms and conditions.
6. Quotient: A ratio or measure used in the assessment of risk or premium calculation. While not a common term in everyday travel insurance documents, it may appear in actuarial or risk assessment contexts.
7. Qualified Travel: Travel that meets the specific conditions outlined in the travel insurance policy. This can include aspects like the destination, duration, and purpose of the trip, ensuring the trip is eligible for coverage.
8. Questionnaire: A form or set of questions provided by the insurer to gather information about the insured's health, travel plans, and other relevant factors to determine eligibility and premium rates for coverage.
9. Quasi-Contractual: Refers to obligations that resemble those created by a contract, even though there may not be a formal contract in place. In travel insurance, this might apply to implied agreements or expectations between the insurer and insured.
   
   
   
10. Quick Claim Processing: A feature of some travel insurance policies that promises expedited handling and settlement of claims, ensuring that policyholders receive their benefits promptly in case of an insured event.
11. Qualifying Medical Condition: A medical condition that meets the criteria set forth by the travel insurance policy for coverage. This can include pre-existing conditions that are disclosed and accepted by the insurer.
12. Quasi-Judicial: Refers to actions or decisions that are similar to those made by a court of law but are carried out by an administrative or regulatory body. In travel insurance, this might pertain to decisions made by an insurance regulator or ombudsman regarding disputes.
13. Quotable Rate: A rate for a travel insurance policy that can be provided as a quote to potential policyholders. This rate is typically calculated based on standard underwriting criteria and is used to give an estimate of the premium.
14. Quota Share: A type of reinsurance agreement where the insurer and the reinsurer share premiums and losses according to a fixed percentage. This term is more commonly used in the context of the insurance industry as a whole rather than specifically in travel insurance.
15.  Qualified Dependents: Dependents of the insured who meet the eligibility criteria outlined in the travel insurance policy. This can include spouses, children, or other family members who are covered under the policy.
16. Quantum: The extent or quantity of damage or loss, used in the assessment of claims. This term is more technical and often used in legal or claims contexts to determine the amount payable under a travel insurance policy.
17. Qualified Domestic Partner: A person who is in a committed relationship with the insured and meets the policy's criteria for a domestic partnership, making them eligible for coverage under the travel insurance policy.
18. Quality Assurance: Procedures and practices in place to ensure that the travel insurance services meet certain standards of quality and compliance. This might involve regular reviews and audits of policy administration and claims handling.
    
    
    
19. Questioning Period: The time during which an insurer may investigate and seek further information about a claim before making a decision on its validity and the extent of coverage.
20. Quota: A predetermined limit on the number or amount of insurance policies that an insurer can issue within a specific period. This can help manage risk exposure and ensure balanced underwriting.
21. Qualification Period: The time frame during which specific conditions must be met for coverage to become effective. This could apply to waiting periods for certain benefits or to pre-existing condition exclusions.
22. Quarantine Coverage: Specific coverage provided by some travel insurance policies for expenses incurred due to mandatory quarantine during a trip. This can include accommodation, meals, and additional travel costs.
23. Qualified Beneficiary: A person who is entitled to receive benefits under a travel insurance policy, often due to a relationship with the insured, such as a family member or designated individual.
24. Quick Response Team: A specialized team within an insurance company that is dedicated to providing fast assistance and support to policyholders during emergencies or when claims are filed.
25. Quote Comparison: The process of comparing multiple travel insurance quotes from different providers to find the best coverage and price for the policyholder's needs. This is often facilitated by online comparison tools and brokers.
26. Qualified Travel Expense: Expenses that are covered under the terms of the travel insurance policy. These can include medical costs, trip cancellations, delays, and lost baggage, among others.
27. Qualifying Coverage: Specific criteria that a travel insurance policy must meet to be considered valid or acceptable for certain purposes, such as meeting visa requirements or complementing existing health insurance.
28. Quantitative Analysis: The use of mathematical and statistical methods to evaluate and predict risks, premiums, and potential claims within travel insurance. This analysis helps insurers set rates and manage risk effectively.
29. Quasi-Indemnity: A term that refers to the near full compensation for losses or damages covered under a travel insurance policy, ensuring the insured is made almost whole after a claim. 
30. Qualified Provider Network: A network of healthcare providers and medical facilities that have agreements with the travel insurer to provide care to policyholders, often at pre-negotiated rates.
31. Quality Control: Processes put in place by an insurance company to ensure that all aspects of their service, including policy issuance and claims handling, meet certain standards and regulatory requirements.
32. Quarterly Review: Regular assessments conducted every three months to evaluate the performance and compliance of travel insurance policies, claims, and services.
33. Quick Assist Service: A feature of some travel insurance policies that provides immediate help and resources to policyholders in need, such as emergency medical assistance, travel arrangements, or concierge services.
34. Quota System: A method used by insurers to limit the number of policies or the amount of coverage issued within a certain period or region, helping to manage risk exposure.
35. Qualified Loss Adjuster: A professional who assesses and investigates claims on behalf of the insurer to determine the extent of the insurer's liability and the amount of compensation to be paid.
36. Quiet Period: A specific duration after the issuance of a policy during which certain activities, such as adjustments to coverage or premium changes, are restricted. This period allows for policy stabilization and review.
37. Qualified Dependent Child: A child who meets the eligibility criteria set forth by the travel insurance policy to be covered as a dependent of the insured, often including age and residency requirements.
38. Quorum: The minimum number of members required to be present for decision-making within an insurance company's board or committee, ensuring valid and binding resolutions.
39. Quiescent Clause: A provision in some travel insurance policies that limits coverage during periods when the insured is not actively traveling, reducing premiums for periods of inactivity.