Travel Accident Insurance
Definition - What does Travel Accident Insurance mean?
Travel accident insurance is a type of insurance that cover losses that result from an accident while the policyholder travels domestically or internationally. Depending on the policy, it may cover a single trip or multiple trips within a specified period.
Insuranceopedia explains Travel Accident Insurance
During travel, unexpected expenses that result from travel-related accidents can be very costly. Travel accident insurance serves to reduce that risk and often covers medical costs; emergency evacuation; repatriation of remains, funeral expenses, an accidental death, injury or disablement benefits; and acts of terrorism or war. It is often more practical for frequent travelers and those traveling to risker regions in the world.