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The Characteristics of Travel Insurance in Georgia and Its Ways of Improvement

Journal: The Journal of Middle East and North Africa Sciences (Vol.4, No. 2)

Publication Date:

Authors : ; ; ;

Page : 33-38

Keywords : Georgia; insurance; travel insurance; underwriter; actuarial; insurance premium; coverage limit; insurance policy.;

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Abstract

Recent studies clearly show that the number of citizens who travel abroad is growing annually. Naturally, the main interest of tourists is sightseeing. Many tourists are focused on increasing their awareness of an interesting part of the world or going to a resort to relax or to recover for health reasons. With these intentions, tourists rarely think about the negative possibilities, accidents and hazards that can occur during travel (e.g. sudden sickness, fractures, various traumas, loss of documents, loss of luggage prior to issuing a visa. Therefore the importance of travel insurance is revealed. However, some travel problems might be arranged by the tourist agency in terms of giving clear instruction before their leaving, but no one is insured by unexpectedness that might be encountered to any tourist, etc.). Studies concerning insurance reveal that only the insurance company can assist a tourist in an extreme situation. Every developed country should require travel insurance as a basic requirement.

Last modified: 2018-01-31 20:27:12