Definition: Annual holiday insurance refers to a type of insurance that covers a person’s assets or possessions during the annual holidays, such as Christmas, New Year’s Eve, Easter, etc., in case of natural disasters like earthquakes or hurricanes. The word "annual holiday insurance" is used informally and could refer to an insurance policy or coverage related to holidays. It can also be seen as a type of travel insurance that covers expenses during vacations or special occasions, such as New Year’s Eve or Christmas Day. In English, the term is commonly abbreviated as "AHII" or "AHIE". The abbreviation suggests the use of insurance policies or coverages for annual holidays to protect assets and possessions from natural disasters or other unforeseen circumstances.
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