Insurance

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Multi Trip Travel Insurance

If you travel several times in the year, a multi-trip annual policy could be a better value option than single trip travel insurance. You’ll be protected all year round for medical emergencies, personal accident, personal liability and lost baggage.

Single Trip Travel Insurance

If you don’t travel that often or if you like to save all your energies for one big trip every year, single trip travel insurance may be a worthwhile option. These policies protect you against medical emergencies, cancellation, personal accident, personal liability and lost baggage.

Premium

The payment(s) that you make in return for your insurance cover. This may be paid as a lump sum up front or in monthly instalments, depending on the policy. Single trip travel insurance, for example, is generally paid in full but your home or motor insurance may give you the choice. With regular payments, failure to continue to pay the premium may result in your policy being cancelled.

Excess

The amount of an insurance claim that will be paid by you and is normally subtracted from the claim amount by your insurer. For example if your mobile phone is stolen and a replacement costs £250 and your excess is £100, your insurer will pay you £150. A standard or minimum excess applies to most types of insurance policy and aims to reduce the cost of cover by limiting claims for small amounts. You could be able to specify a higher excess, known as a voluntary excess, in order to reduce your premium further.

Worldwide Assistance

To support you with any problems whilst overseas or on holiday, Worldwide Credit Card Assistance has a 24-hour helpline. Contact us if you need a local English-speaking lawyer or doctor, to arrange transport to get you home as soon as possible, an interpreter to help you with the language or to get a message home. Please note that our assistance given under these services is free; however, the costs of any purchases, eg flights, etc, must be met by the cardholder.

Need other terms explained? See our Insurance Jargon Buster