Insurance coverage when skiing: What financial experts should pay attention to

Insurance coverage when skiing: What financial experts should pay attention to

According to a report by www.traunsteiner-tagblatt.de, since 2022 it has even been mandatory in Italy to take out valid private liability insurance before hitting the slopes. Anyone who does not comply with this regulation risks a fine of 150 euros. In addition, slope operators must offer guests who cannot provide proof of insurance coverage the option of taking out insurance.

It is important that ski vacationers check their insurance coverage in advance in order to consider possible additional insurance such as foreign health insurance or private accident insurance. Private liability insurance is used, among other things, if people or their equipment are damaged in an accident on the slopes. Foreign health insurance can cover the difference if treatment costs abroad are higher than in Germany.

Mandatory private liability insurance in Italy could potentially increase the number of insurance purchases as holidaymakers must ensure they carry the required proof of insurance. This could result in increased demand on the insurance market in Italy. Additionally, the additional insurance requirements may increase costs for consumers as they may need to purchase additional insurance to comply with legal requirements.

Overall, the new regulation in Italy could impact the insurance industry by leading to increased demand for insurance and additional insurance services. Consumers could be forced to spend more money on their insurance coverage to meet legal requirements. This is something that should be carefully monitored and analyzed to better understand the long-term impact on the industry and consumers.