A policy covering the baggage and personal effects of travellers.
Insurance Encyclopedia
TOVALOP
Means ‘Tanker Owners’ Voluntary Agreement Concerning Liability for Oil Pollution. An agreement, supported by most tanker owners worldwide, whereby owners agree to pay for cleanup costs incurred by governments in respect of oil discharged from tankers belonging to the owners. Each member insures his liability under the Agreement.
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Tankers Owners’ Voluntary Agreement Concerning Liability for Oil Pollution: An agreement by most tanker owners that subject to a limit of liability, they will remove persistent oil discharge by their tanker and will reimburse any government for expense in cleaning up oil pollution resulting from the tanker owner’s negligence.
Tow and assist clause
International Hull Clause (10.2) stating that the vessel will not be towed except where towing is customary or the ship is in need of assistance to the first place of safety. It is also provided that the ship shall not undertake towage or salvage services under a previously arranged contract.
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A clause in a Marine Insurance Hull policy under which the insured warrants that the ship shall not be towed except where towing is customary or the ship is in need of assistance and that the ship shall not undertake towage or salvage services under a previously arranged contract.
Towing Charges
The expenses incurred for towing a disabled or damaged vehicle or ship/vessel from the place of accident to a garage/repair yard.
Towing costs (Vehicle Insurance)
An optional insurance that covers the cost of having a vehicle towed, up to a predetermined limit.
Towing Disabled Vehicle for Motor
The Standard Policy permits towing of a disabled vehicle and covers both liability and damage in the process of towing. However, towing should not be carried out for hire or reward. It will also not cover damage to the towed vehicle or property carried on it.
TP
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating medical transport, unloaded vehicle. When submitting insurance claims, it is required by some Medicaid and state health departments, so check with your state guidelines.
TPA
A third party administrator. A TPA is a contractor who adjusts and administers insurance claims.
TPR
Acronym for TRICARE Prime Remote and third-party reimbursement. See third-party payment and TRICARE Prime Remote (TPR) .
TQ
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating basic life support transport by a volunteer ambulance provider. When submitting insurance claims, it is required by some Medicaid and state health departments, so check with your state guidelines.