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Ski vacation without liability insurance in South Tyrol and Italy? That could be expensive!
According to a report by www.merkur.de, which was published on October 28th, 2023 at 8:45 a.m., skiers who spend their skiing vacation in South Tyrol or Italy without liability insurance must expect high fines. Liability insurance for skiers has been mandatory in South Tyrol and Italy since January 2022. Skiers without insurance face fines of 100 to 150 euros and their ski pass could even be revoked. These strict rules impact the market, the consumer and the industry. On the one hand, it is expected that more skiers will take out liability insurance in order to avoid the high fines. This could lead to an increase in…
Ski vacation without liability insurance in South Tyrol and Italy? That could be expensive!
According to a report by www.merkur.de, which was published on October 28th, 2023 at 8:45 a.m., skiers who spend their skiing vacation in South Tyrol or Italy without liability insurance must expect high fines. Liability insurance for skiers has been mandatory in South Tyrol and Italy since January 2022. Skiers without insurance face fines of 100 to 150 euros and their ski pass could even be revoked.
These strict rules impact the market, the consumer and the industry. On the one hand, it is expected that more skiers will take out liability insurance in order to avoid the high fines. This could lead to an increase in demand for liability insurance. Insurance companies could thus increase their income.
On the other hand, some consumers could possibly forego a ski holiday in South Tyrol or Italy in order to avoid the additional costs of liability insurance. This could lead to a decline in tourism demand in these regions. Hotels, restaurants and other tourist businesses could see a loss in sales.
The new rules also have consequences for the ski equipment industry. It is possible that more skiers will purchase their equipment online to save costs and offset the additional expense of insurance. This could lead to a decline in sales at local sporting goods stores.
In summary, the new rules on liability insurance for skiers in South Tyrol and Italy have an impact on the market, the consumer and the industry. It is expected that insurance companies will benefit from the increased demand for liability insurance, while tourism businesses will have to expect a decline in demand. The ski equipment industry could also see a decline in sales.
Source: According to a report from www.merkur.de, accessed on October 28, 2023, from https://www.merkur.de/reise/haftpflichtversicherung-wintersport-piste-italien-suedtirol-buss Gelder-reise-skiurlaub-zr-92590165.html
Read the source article at www.merkur.de