Tourists Blog
Thursday, February 09, 2012
- 30
Jun
2010 -
The Terms and Conditions of a Tourist Insurance Plan
Filed Under: Blogging
An informed buyer is the best buyer, as he not only makes the best choices for themselves, but also helps insurance companies to create plans and products that will really help the consumer. This is especially true for tourists insurance. Let’s look at some commonly used insurance terms that you might have come across.
Actual cash value refers to the purchase price less the depreciation. Covered expenses means the expenses you incur for medical reasons, including services, supply, care, and treatment. These are usually provided by the attending physician.
A family member means you or your traveling companion’s spouse , parent, guardian, children, grandparents, uncles, aunts, etc. However, individual plans may have different definitions of the term. Usually, all family members must reside in the United States, Canada or Mexico. A traveling companion means the person who is accompanying you on your trip. However, a group or team leader of a group is not considered a traveling companion unless they are sharing a room with you.
Sickness means an illness or a disease which is diagnosed and treated by a physician during the insured period. A land/sea arrangement means any activities on land or at sea that you do when you are still covered. A travel supplier refers to the tour operator, cruise line, or hotel who has made all the sea/land arrangements.
