Glossary – Insurance terms from A to Z
Letter T
Travel insurance is priced differently depending on either the risk (e.g. the price of the trip, the duration of the trip, the scope of coverage or the services included) or the travellers (e.g. individual, group or family). These different classifications within a travel insurance are known as tariffs.
The tariff description is part of the the insurance terms and conditions regulate the contractual rights and obligations and the scope of the insurance cover.
In some cases, HanseMerkur combines several travel insurance policies in the general insurance terms and conditions. In this case, additional tariff descriptions are prepared for the individual insurance policies in which the benefits are described in detail.
Travel curtailment is the premature termination of a holiday or stay abroad. With HanseMerkur Travel Insurance, you can insure yourself against the costs of such a curtailment. Our protection insurance (travel curtailment insurance) reimburses you for additional return travel costs and unused travel benefits incurred if you interrupt the trip for an insured reason, e.g. in the event of unexpected and serious illness, significant damage to property or the death of a relative. In addition, in the case of a round trip or cruise, travel curtailment is also insured. Here, the post-trip costs incurred are reimbursed.
In contrast to trip cancellation insurance, which offers you cover BEFORE the trip, travel curtailment insurance protects you DURING the trip. We, therefore, recommend a combination of the two insurance policies.
Travel insurance is the generic term for the various insurance policies that can be taken out to cover a trip. Travel insurance includes, for example, the following:
The travel time refers to the period between the start and end of the journey. The day of the outward journey and the return journey both count as a full day. A trip from the 6th to the 11th (five nights/six days), therefore, includes six days that must be insured.
The entire duration of the trip must be insured; otherwise, no legally binding contract is concluded despite payment of the premium and there is no insurance cover.