Types of insurance in tourism

Insurance in the tourism system is classified into the following types:

  1. insurance of a tourist and his property;
  2. insurance of travel company risks;
  3. travel insurance for foreign travel;
  4. insurance of foreign tourists;
  5. liability insurance;
  6. motor third party liability insurance;
  7. Accident insurance with medical expenses. [one]

Insurance is voluntary and mandatory. Compulsory types of insurance in accordance with the valid documents include:

  1. motor third party liability insurance;
  2. travel insurance.

Other types of travel insurance are voluntary. Travel insurance and its property includes liability for the loss or damage to property of tourists. The validity of such a contract begins from the moment the insured leaves the permanent place of residence and ends at the time of his return. Insurance under such a contract can be tourist and personal property, which co-tourists have with them. Under the baggage refers to registered and unregistered broadcasters. In addition, things on his clothing and body, as well as those acquired during a trip abroad, are subject to insurance.

Types of insurance liability: accidents, fires, explosions, natural disasters, robbery, theft and other deliberate and malicious acts, military actions, etc.

Insurance of risks of travel companies includes financial risks, liability for claims of tourists, their relatives, third parties. Financial risks include:

  1. commercial risks (non-payment or delay of payment, penalties for the counterparty if he recognizes the circumstances of the breach of force majeure circumstances);
  2. bankruptcy of the company;
  3. changes in customs legislation, currency regulation, passport control and other customs formalities;
  4. the occurrence of force majeure circumstances;
  5. political risks, etc. [1]

Travel insurance for tourist trips abroad usually includes:

  1. the provision of emergency medical care to the tourist during a trip abroad in case of a sudden illness or accident;
  2. transportation to the nearest hospital, which is able to provide high-quality treatment with appropriate medical supervision;
  3. evacuation to the country of permanent residence under proper medical supervision;
  4. nosocomial monitoring and informing the family and the patient;
  5. provision of medical preparations if they cannot be obtained locally;
  6. consulting services of a medical specialist (if necessary);
  7. payment of transportation costs for the delivery of the ill tourist or his body to the country of permanent residence;
  8. repatriation of the remains of a tourist;
  9. legal assistance to the tourist in the investigation of civil and criminal cases abroad. [1]

When entering into an insurance contract, the insurance amount is selected in accordance with the country of destination and is classified according to the need for minimum coverage.