Glossary

Travel Insurance

DEFINITION

Travel insurance is a contract between you and an insurer that covers costs and losses caused by unexpected events while travelling. These events can include things like travel delays and emergency medical expenses overseas.

ELI5

It is insurance that helps if something goes wrong on a trip, like a delay, lost money, or a medical emergency while you are away.

Other related terms

Effective Interest Rate (EIR)

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Net Asset Value (NAV)

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Compounding Interest

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BTO (Build-To-Order)

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