Something that you need to know getting ready for a trip

Travel insurance for business or travel is a set of programs that helps to avoid unexpected financial expenses during travel.

The insurance policy protect you from all possible risks:

* The risk of unforeseen spending of the Insured (”Insuring of unforeseen expenses”);
* The risk of spending associated with trip cancellation or change of dates of stay outside the residence (”Insuring of losses from the forced cancellation”);
* The obligation of the Insured to reimburse damage caused to life, health and / or property of the third parties (”Liability of the insured”);
* Risk of destruction, loss, and damage of baggage (baggage insurance ).

Brief explanation
“Insuring of unforeseen expenses” is in case when due to sudden illness, accident or any other incident you have a need to pay for unforeseen expenses. For example, such as medical expenses for treatment, costs for lost or stolen documents, the costs of obtaining legal assistance.

“Insurance of the losses from the forced cancellation of the trip” There will be the events that have caused the urgent need for expenses because of the trip cancellation or change of the length of staying abroad (or outside the residence). These may include: sudden hospitalization (your or spouse or next of kin); injury of any complication resulting from an accident (if there are medical contraindications to the planned trip), damage or destruction of property by more than 70% (except vehicle) resulting from, for example, fire, natural disaster or flood.

“Liability insurance” takes place if it is, during the trip, you unintentionally cause harm to health or property of others, and the law of the host country, will require repairing the damage caused to the victim.

At the “baggage insurance”, an  insurance company pay restitution for the loss, partial damage or total loss of your baggage, if it occurred during, for example, fire, natural disaster, accident or intentional damage from other people.

That’s not a complete list of insurance events, upon the occurrence of which insurance company will take your costs itself.
Reimbursement of the insured may be made for services rendered in connection with the insured event directly to the Insured, upon his return to his country of residence, or other organization (service company), performing duties of the emergency commissioner and pay when these costs.

A specific list of insurance cases, upon the occurrence of which insurance company is obliged to pay the insurance compensation shall be determined in the contract of insurance.

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