24-hour Assistance Services: A service provided by travel insurance companies offering round-the-clock support to policyholders for emergencies during their trip.

Adventure Travel Coverage: Specialized insurance designed to cover the risks associated with engaging in adventure sports and activities that are typically excluded by standard policies.

Annual Multi-Trip Policy: Insurance policy covering multiple trips within one year, useful for frequent travelers.

Art and Antiques Coverage: For those who may purchase expensive items while traveling, this coverage protects against damage or loss during the trip.

Baggage Delay Coverage: Insurance that reimburses the purchase of essential items if your bags are delayed by a certain period, typically 12 to 24 hours.

Beneficiary: The person designated to receive the proceeds of an insurance policy.

Cancel for Any Reason (CFAR): An optional upgrade that allows travelers to cancel their trip for any reason, including reasons not typically covered by standard cancellation policies. This is often appealing to luxury travelers who might decide to cancel a trip on a whim.

Cancellation Cover: Insurance that reimburses pre-paid, non-refundable expenses if you need to cancel your trip due to covered reasons.

Carrier Default: Covers losses if a travel carrier (not limited to airlines) fails financially and cannot perform the contracted transport services.

Civil Disorder and Natural Disaster Coverage: Insurance coverage that applies if a trip is canceled or disrupted due to natural disasters or civil unrest.

Claim: A formal request to an insurance company asking for a payment based on the terms of the insurance policy.

Comprehensive Coverage: Insurance that includes a wide range of protections, such as trip cancellation, medical expenses, loss or delay of baggage, and more.

Concierge Services: This goes beyond standard travel assistance, offering personalized services such as booking high-end restaurants, securing tickets to exclusive events, and arranging bespoke experiences.

Coverage Limit: The maximum amount an insurance policy will pay for a covered loss.

Deductible: The amount you must pay out of pocket before your insurance coverage begins to pay for covered expenses.

Direct Billing: An arrangement where the travel insurance company pays medical providers directly for services rendered to the insured, rather than the insured paying upfront and seeking reimbursement later.

Document Replacement Coverage: Provides assistance and coverage for the cost of replacing important travel documents such as passports, visas, or driver's licenses that are lost or stolen during a trip

Excess: Similar to deductible, it’s the amount you agree to pay towards a claim before the insurance company pays the remainder.

Exclusion: Specific conditions or circumstances that are not covered by the insurance policy.

Executive Assistance Services: Services tailored for business executives, including assistance with replacing lost business documents, portable electronics coverage, and help with emergency business meetings.

Expedited Passport Replacement: A service often included in travel insurance that helps you quickly replace a lost or stolen passport.

Force Majeure: A clause in insurance policies that covers events out of anyone’s control (such as natural disasters or political upheaval) that might impact travel plans.

Golfers' Coverage: This might cover the loss of prepaid green fees, rental of golf equipment, and other golf-related losses, as golf trips can be a popular activity among luxury travelers.

Hazardous Activities Coverage: Specific coverage for activities considered hazardous that are not normally covered under standard travel insurance, such as bungee jumping, paragliding, or mountain climbing.

High Limit Coverage: Insurance that offers higher than average compensation limits to cover the high costs associated with luxury travel experiences.

Jurisdiction: Refers to the legal location or territory where your travel insurance policy is governed and where disputes or claims are resolved.

Indemnity: Compensation for damage or loss. In travel insurance, it typically refers to the payment made to cover damages or losses incurred during travel.

Look-back Period: Refers to the time frame that insurers use to check for any pre-existing conditions before the travel insurance policy was purchased. This is crucial for determining what is considered a pre-existing condition under the policy.

Loyalty Points Reimbursement: Some policies may cover the loss of reward points used to book a trip that is canceled for a covered reason, reimbursing the monetary value of those points.

Luxury Accommodation Coverage: Specific coverage for non-refundable bookings at luxury hotels and resorts.

Non-medical Evacuation: Coverage for evacuation from a dangerous situation that is not related to a medical emergency, such as political unrest or a natural disaster.

Policyholder: The person who owns the insurance policy.

Policy Term: The duration for which an insurance policy provides coverage.

Pre-existing Condition: Any medical condition that existed before purchasing the insurance policy.

Premium: The amount you pay for your travel insurance policy.

Primary Coverage: Insurance that pays for covered losses directly and does not require the policyholder to first file a claim with another insurer.

Private Charter Coverage: Insurance coverage for private jet or yacht charters, which can be a part of luxury travel plans.

Repatriation: The process of returning a person back to their home country in a medical emergency or after death.

Rider: An addition to an insurance policy that provides extra coverage for specific situations or items not covered under the standard policy.

Scheduled Airline Failure Insurance (SAFI): Provides coverage if the airline booked for your trip goes bankrupt, protecting against the loss of airfare and additional travel expenses.

Secondary Coverage: Insurance that only pays for expenses not covered by other insurance policies (like your primary health insurance).

Single-Trip Policy: Insurance policy covering only one trip, usually from departure to return.

Travel Advisory: Official advice issued by governments regarding travel safety in specific countries or regions, which can affect insurance coverage.

Travel Assistance Services: Services provided by travel insurance companies to assist policyholders during their travels, such as 24-hour emergency help, lost passport assistance, and language translation services.

Travel Concierge Services: Additional services provided by some insurance companies that may include travel booking assistance, restaurant reservations, event tickets, and other non-emergency travel planning services.

Travel Disruption Coverage: Extends beyond basic trip cancellation to include coverage for alternative travel arrangements if your planned transport is disrupted due to reasons covered by the policy.

Underwriter: The person or company that evaluates and assumes the risk of the insurance policy.

Waiver of Pre-existing Conditions: A provision in some travel insurance policies that allows coverage for pre-existing medical conditions if the insurance is purchased within a specific time frame from the date of the first trip payment.