Hello

I have just been told that as well as taking out medical cover, that I should take out financial cover. That would be in line with company policy.

What is the definition of 'financial cover' in Travel insurance?

CREED

You'll have to ask them. Travel insurance is NOT standardized - and each policy is allowed to have it's own definitions.

It depends on where you purchase the travel policy. If it is thru a travel agency or airlines, financial coverage should cover things like trip cancellation (we had a trip to Cancun cancelled due to a hurricane).

Travel policies, in addition to medical coverage, typically cover lost baggage, emergency evacuation, repatriation of mortal remains (if you die somewhere else, you'll probably want to be buried at home...that costs money to ship the body) and accidental death and/or dismemberment (typically abbreviated ad&d). In 17 years of doing insurance, I haven't come across the actual 'financial coverage' so I'm trying to answer your question in the title line. Definitely ask for a definition of what 'financial coverage' means. It should be in the brochure and definitely will be in the insurance policy (the legal contract). Happy travels !