holiday and travel insurance

Quick Reference

An insurance policy covering a variety of risks for the duration of a person's holiday. Although policies vary, an average policy covers the policyholder's baggage and personal effects for all risks (see all-risks policy); compensation for delays while travelling to or from the holiday; refund of deposits lost if the holiday has to be cancelled for any of a number of specific causes; theft or loss of money, traveller's cheques, or credit cards; payment of medical expenses or costs of flying home in the event of illness or injury; and payment of legal compensation for injuring other people or damaging their property because of negligence.

Subjects: Business and Management.

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