Insurance Glossary

Vacation Rental Insurance policies can contain technical industry terms that make reading a challenge. To avoid confusion, the carrier as created the following list of definitions for a number of industry terms and phrases.

The following definitions are provided for informational purposes only. Please refer to your Vacation Rental Insurance Policy or Certificate of Insurance for definitions and coverages specific to your Policy/Certificate.

Setting

The type of area in which a property is located. Such as at the Beach, in the Mountains, part of a Resort or in the City.
Origin: Vacation Rental Association

Sickness

An illness or disease of the body which: (1) Requires examination and treatment by a Physician; and (2) Commences while the plan is in effect.
Origin: Vacation Rental Association

Supplier Bankruptcy or Default

Bankruptcy or default of an airline, cruise line or tour operator resulting in a complete cessation of travel services which occurs more than 14 days after your policy's effective date. To qualify for coverage you must purchase the insurance prior to or within 24 hours of making your final trip payment.
Origin: CSA Travel Protection

Terrorist act

An act of violence, other than civil disorder or riot, (that is not an act of war, declared or undeclared) that results in loss of life or major damage to property, by any person acting alone or on behalf of or in connection with any organization which is generally recognized as having the intent to overthrow or influence the control of any government.
Origin: Vacation Rental Association

Travel Accident

Provides coverage for loss of limb or life in the event of an accident while traveling, or within 180 days after the accident due to the direct result of that accident.
Origin: CSA Travel Protection

Traveling companion

A person whose name(s) appear(s) with the geust on the same Covered Trip arrangement and who, during the Trip accompanies the guest.
Origin: Vacation Rental Association

Trip Cancellation

Provides reimbursement for certain unused, non-refundable expenses due to cancellation of your trip caused by a covered reason.
Origin: CSA Travel Protection

Trip Delay

Provides coverage if you are delayed during your trip for more than six hours due to a covered reason.
Origin: CSA Travel Protection

Trip Interruption

Provides reimbursement for certain unused, non-refundable expenses and additional transportation costs due to an interruption of your trip caused by a covered reason
Origin: CSA Travel Protection

Usual and customary charge

Those charges for necessary treatment and services that are reasonable for the treatment of cases of comparable severity and nature. This will be derived from the mean charge based on the experience in a related area of the service delivered and the MDR (Medical Data Research) schedule of fees valued at the 100th percentile and the Anesthesia Relative Value Guide.
Origin: Vacation Rental Association

View

What can be seen from an area of the property, not necessarily from all areas of the property.
See also: Beach View, City View, Mountain View, Resort View, Water View Origin: Vacation Rental Association

Water View

When guests can see a body of water (Such as a lake, ocean, pond or river) from some area of the property, not necessarily from all ares of the property. May include Full, Partial or Peekaboo Views.
See also: View, Beach View, City View, Mountain View, Resort View Origin: Vacation Rental Association

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