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Unit 210 -Gateway to T&T -Insurance Claims Recap

An opportunity to remember the documentation required to assist claims.
Also terms used in Insurance industry.

AB
MedicalDoctors report
Theft of a bagPolice report
CancellationCancellation invoice from operator
Delay of flightNotification from airline
Loss of luggagePIR form
PremiumPayment for insurance
PolicyDocument setting out terms & conditions
Package holiday requirementOffer insurance in good time
FSAInsurance is regulated by these
The personA category of insurance (no 1)
UK & Ireland(maybe Channel Isalnds)Area/Zone 1
ExcessA deduction from each and every claim
Hazardous activityRock climbing would be an example
ABIAssociation of British Insurers
ClaimantThe person making a claim
IPTInsurance Premium Tax
LiabilityState of being responsible/answerable.
InsuredThe person taking out insurance
InsurerThe company providing insurance
CurtailmentCutting short travel arrangement
ReciprocalMutual agreement
RepatriationTo be returned to UK
UnderwriterSets out terms & conditions of insurance
Winter sportsDouble the premium


ILT Champion - Business and Leisure Management
Chesterfield College
Chesterfield

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