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The Progressive Insurance
Newsletter April 2003 Although the hazards of traveling and vacations are well known, many holiday makers and travelers do not take adequate measures to protect themselves and their family. The chances that you or somebody of your family accompanying you, will need evacuation by air ambulance, or that your luggage will be stolen or lost, are small. However if such an unfortunate event or other calamity occurs, you will regret for not having foreseen and cover yourself with an adequate travel insurance policy. The hazards of taking any trip and staying abroad are many. Therefore a thorough examination of your individual needs with your insurer, could save you from lots of trouble and spare you time and money. It is with these thoughts in mind and hoping that the end of the conflict in Iraq will encourage people to travel again, that we are including in our third newsletter an article about Travel insurance and vacations. We believe that the time that you will invest in reading this article, will provide you with useful information which could probably save you from lots of unwanted trouble. While talking about travel insurance, I cannot avoid to mention that technically, modern insurance began in Italy in the 12th Century, when groups of people provided protection against the travel on the seas. They signed their names at the bottom of an insurance contract and were called "underwriters". Today such a contract is called a policy, from the Italian word "polizza" meaning "promise". I do hope that you will find this article interesting and useful and hoping to hear your comments and suggestions.
Takis A. Haggiandreou |
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Proverb: “In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing” Theodore Roosevelt
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