It sounds like a small number. But this year, 6 out of 10 Czech employees plan to travel abroad. Do the math.
Almost 30% of Czechs have needed medical treatment while on vacation abroad. Regardless of whether they had insurance or not.
And 67% of those who regularly buy travel insurance have actually needed it at some point.
So insurance isn’t just a formality for the paranoid. It’s a statistical probability that sooner or later you will need it.
Real cases?
A broken fibula in the Maldives. Transport by boat and plane, surgery, repatriation to the Czech Republic. More than CZK 150,000. A comminuted fracture from a bike fall in France with a three-day hospital stay, surgery and transport home. CZK 270,000. Air repatriation by medical jet? The average cost of one flight hour is around CZK 50,000.
And those are just the medical expenses.
17% of Czechs have had to cancel a planned trip at some point, most often because of illness or injury. Yet more than half of people don’t add cancellation cover.
By contrast, annual travel insurance for the whole family costs about CZK 80 a month on average.
From an insurer’s point of view, this is a fascinating asymmetry. People spend CZK 30,000 on a vacation without hesitation and then hesitate over CZK 200 for a policy.
Almost half of Czechs who didn’t buy travel insurance said it was too expensive.
At Verzuz, we see this pattern year after year, whenever a holiday season comes around. The perceived price of a product and the real risk are two completely different things. And the gap between them is exactly where the biggest problems arise.
Going somewhere this year? Get insured. For the price of two coffees, you get peace of mind.
