What does WTP mean in TRAVEL & TOURISM
World Travel Protection (abbreviated as WTP) is a term used to refer to an insurance policy that covers travelers against potential risks such as medical emergencies, flight cancellations, and lost luggage while travelling abroad. WTP provides financial protection in the event of a claim related to a covered event or illness that occurs while travelling outside of one’s home country. The coverage may include reimbursement for medical expenses, emergency evacuation services, trip cancellation/interruption reimbursements, and other benefits depending on the type of policy purchased.
WTP meaning in Travel & Tourism in Community
WTP mostly used in an acronym Travel & Tourism in Category Community that means World Travel Protection
Shorthand: WTP,
Full Form: World Travel Protection
For more information of "World Travel Protection", see the section below.
Definition of WTP
Meaning Within the Community
Within the international travel community, WTP typically refers to comprehensive travel insurance policies that provide broad coverage for both medical emergencies and other risks associated with overseas travel. Many travel companies offer packages that include these types of policies so they are a popular choice among frequent travellers who want to ensure they have adequate protection should something go wrong on their trip abroad. Additionally, governments around the world have begun recommending travelers purchase some form of travel insurance before leaving their country – particularly those visiting high risk destinations – further increasing awareness and use of WTP policies throughout the global community.
Full Form
The full form of World Travel Protection (WTP) is Worldwide Travel Policy or Insurance Coverage for foreigners traveling abroad.
Essential Questions and Answers on World Travel Protection in "COMMUNITY»TRAVEL"
What is World Travel Protection?
World Travel protection is an insurance product that can provide coverage for trips taken outside your home country. This type of policy allows you to insure against unexpected costs related to medical care, evacuation and other expenses that may arise while you are travelling.
How long does World Travel Protection insurance last for?
World Travel protection policies typically last the duration of your trip. The length of coverage will be outlined in the terms and conditions of your provider so make sure to read through this carefully before purchase.
What kind of incidents does World Travel protection cover?
Some of the more common incidents that are covered by a travel protection policy include medical expenses, flight cancellations or delays, loss or damage of luggage and personal belongings, emergency medical evacuation and repatriation, political evacuation and personal liability.
How much does World Travel protection cost?
The cost of a World Travel Protection policy will depend on a number of factors such as the length of the trip and any additional activities/adventures you may plan on undertaking during your travels. Generally speaking these types of policies come at an affordable cost but make sure to shop around for quotes from different providers to get the best value for money.
Who is eligible for World Travel Protection?
In general most travelers are eligible for a World Travel Protection policy provided they meet certain criteria set out by their insurance provider. Make sure to check with your insurer directly regarding who is eligible for a policy and what age restrictions are in place.
When should I buy a World Travel protection Insurance Policy?
It’s advisable to purchase your travel protection insurance policy as soon as possible after booking your trip so you have coverage from the start date stated on the policy. Make sure that all destinations within your itinerary are included within the scope of the policy.
WTP also stands for: |
|
| All stands for WTP |