Italy, along with Greece, Romania, and Bulgaria, is the country with the highest population residing in highly vulnerable areas.
Due to the failure to depart, flight and holiday stay purchase contracts require payment of the entire estimated amount or a penalty ranging from 25% to 100% of the vacation cost on average
Insuring your holiday is not just a preventive measure or something for those who are particularly anxious. As reported on the news, extraordinary weather events often disrupt planned and already paid-for trips. Can we protect ourselves not only from the classic vacation mishap but also from similar situations related to airline non-compliance or scams?
The Current State of Affairs
If 2022, with the Covid effect, was characterized by a massive purchase of travel insurance policies in Italy, this year has seen a return to a trend much more similar to the pre-pandemic one. However, it’s not just a health alarm. This summer, the main challenges for vacations are primarily natural disasters (floods and fires) and flight delays. Italy, along with Greece, Romania, and Bulgaria, has the highest population residing in highly vulnerable areas, followed by Spain, Portugal, Hungary, Poland, and France, according to the Titan study (Territorial Impacts of Natural Disasters). If you are embarking on a holiday, it is advisable to take out an insurance policy that safeguards the most important aspects, such as payment for medical expenses and practical assistance on-site. Remember that different coverage options can be chosen depending on the duration of the trip. The most popular policies are the most comprehensive ones, such as medical-baggage insurance and cancellation insurance, which cover most of the issues that can occur before, during, and after the trip.
Cancelled Trip
Can’t go on vacation anymore due to an injury or illness? With trip cancellation insurance, you can get a refund of penalties due to flight cancellations, hotel reservation cancellations, and cancellation of trips organized by tour operators. Trip cancellation insurance protects you from cancellation penalties if you are no longer able to use the services. Due to the failure to depart, flight and holiday stay purchase contracts require payment of the entire estimated amount or a penalty ranging from 25% to 100% of the vacation cost. Even more detrimental is cancellation with a 100% penalty, which would result in the loss of the entire amount paid.
Baggage Insurance
Baggage insurance is the guarantee that protects the items most dear to you during your travels, in case of theft, fire, robbery, mugging, or non-delivery by the airline carrier. It is a coverage included in travel policies. The advantage of baggage insurance lies in the ability to extend coverage to valuable items, electronic devices such as smartphones and tablets, money, and credit cards.
Each company has a maximum payout limit, which is the maximum amount payable. Generally, theft or loss situations due to the customer’s gross negligence and theft of baggage from an unlocked vehicle are excluded from compensation.
In general, each insurance policy can be tailored to our needs based on the number of trips we take in a year, whether we are abroad, whether we are traveling with family, or have pets. Customized packages with various additional guarantees and therefore different costs can be created.
