• International Insurance Blog

  • Friday, February 23, 2018

Perhaps the bleakest picture of the global economic crisis is playing out in Greece, where financial woes have hit citizens so hard that rioting has occurred in the past few weeks. Greece has traditionally been a beloved tourist destination, thanks to its rich cultural history and its beautiful landscapes. However if you are planning a trip to Greece this spring or summer, be advised that you should consider international travel insurance.

While experts currently deem it safe to visit Greece, that is no guarantee that escalating tensions will not change that recommendation in the very near future. In the event that it becomes dangerous for tourists to visit Greece, it is important that you have a means to alter your travel plans without losing the significant investment you’ve made.

Many international travel insurance plans carry an option for trip cancellation, which allows you to cancel a trip on short notice and recoup the costs of your airfare, hotel accommodations, event tickets, and other costs. This way, you can monitor the situation in Greece and decide for yourself how safe you feel visiting. If you do not feel it is worth the risk, you can simply cancel your arrangements and work with your insurance company for reimbursement.

Hopefully in the near future we will see signs of an economic rebound for Greek citizens, but the immediate forecast does not call for improvement. Feel fre to follow travel analysts’ advice and book a trip, but be sure to protect your purchase with an insurance policy designed for this type of problem.

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