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.

Self Catering

A term sometimes used for vacation rentals primarily in Europe, South Africa, Australia, and New Zealand. Also applies to furnished apartments without an onsite cook.
Origin: Vacation Rental Association

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

Ski-In Accommodations

Building, rooms or living units in a ski resort area where guests can ski to the building or reasonably close to it. Could require guests to remove skis to access the building or its grounds. Not necessarily down hill to the building but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-Out Accommodations, Ski-In Ski-Out Accommodations Origin: Vacation Rental Association

Ski-In and Ski-Out Accommodations

Building, rooms or living units in a ski resort area where guests can get out to access the ski lifts and return from the ski lifts directly from the slopes. Could require guests to walk short distances to reach snow. Not necessarily down hill to and from building to the slopes but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-In Accommodations, Ski-Out Accommodations Origin: Vacation Rental Association

Ski-Out Accommodations

Building, rooms or living units in a ski resort area where guests can get out to access the ski lifts. Could require guests to walk short distances to reach snow. Not necessarily down hill from building to the slopes but access would usually be without major obstacles between the slopes and the accommodations.
See also: Ski-In Accommodations, Ski-In and Ski-Out Accommodations Origin: Vacation Rental Association

Spa/Pool Heating Fee

A certain amount above and beyond the rental rate charged to renters wishing to use the heater on your pool or hot tub.
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

Termination

The basis on which a party to a contract - written or verbal - may terminate the contract.
Origin: Vacation Rental Association

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

Towels

Fleece based materials used for bath towels, hand towels, wash clothes, bath mats
See also: Textiles, fleece, bedding Origin: May, William

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 guest 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

Unauthorized Guest

Property occupants who were not pre-approved by the lodging manager and for whom additional charges will apply. Also referred to as Undisclosed Guest.
See also: Undisclosed Guest, Maximum Occupancy, Normal Occupancy, Sleeps Occupancy, Disclosed Guest, Drop-In Guests Origin: Vacation Rental Association

Undisclosed Guest

Property occupants who were not pre-approved by the lodging manager and for whom additional charges will apply. Also referred to as Unauthorized Guest.
See also: Unauthorized Guest, Maximum Occupancy, Normal Occupancy, Sleeps Occupancy, Disclosed Guest, Drop-In Guests Origin: Vacation Rental Association

Unilateral Termination

When one party terminations a contract prior to the term of the contract, the other party may delcare it a unilateral action and access termination fee.
See also: Termination, Termination for Breach, ,Mutual Termination Origin: Vacation Rental Association

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

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