HOW WE HAS CHANGED IN INSURANCE

If we express all the amounts in euros for 2019, that is, we eliminate the role of inflation, we will find that the Spanish GDP, in half a century, has multiplied by 4.2, while the population has multiplied by 1.4. However, insurance revenues have grown much more: globally, they have multiplied by 11; by ten those of the compulsory automobile insurance; for 24 those of health; and no less than 60 life insurance premiums. This means that Spaniards cover our backs with insurance between 10 and 60 times more than our grandparents.

Successes such as that of the television series Cuéntame are a good demonstration that today's Spaniards have a high curiosity about what life was like decades ago; for example, half a century. This has made us think that, in reality, insurance also has its own Tell me how we have changed; because, the truth is, in half a century we have changed a lot. We are going to tell you some things.

From indemnity insurance to service insurance

Another thing that has been turned around like a sock is the level of service. Half a century ago, compulsory car insurance took care of 180,000 accidents; today it takes care of about three million; The automobile insurance of today, then, has already performed on January 21 of each year the same services that it provided in the entire annuity half a century ago. Likewise, health insurance was responsible for the services contracted in 1.4 million policies; today there are 7.8 million contracts. Finally, funeral insurance attended 179,000 burials, but today it attends 275,000.

In the period, the population has grown at an average annual rate of 0.7%. Car policyholders, however, have grown six times faster than that rate each year; those of health, five times faster; death rates, twice as fast; and the life insured, finally, have grown nine times faster than the population itself.

The difference between the growth rates of the population and of insurance clients gives a good measure of the enormous socioeconomic change that has taken place in Spain in these five decades.

Why has insurance grown so much, even outpacing the economy and the population? Well, there are several reasons for this.

First, as a society grows richer, the things it wants to protect are more, or more valuable.

For the creation of new insurance and coverage. For example, half a century ago there was no home insurance as we know it today.

For legal reasons. The main one in this period was the entry of Spain into the European Economic Community, which meant assuming the minimum insurance limits for compulsory automobile insurance, much higher than those then in force in Spain.

In general, terms, because insurance, half a century ago, was very little present in Spanish society and economy. In fact, after all this road, still, to this day, Spanish insurance is still less dense than that of the main European countries.

Next stop, the year 2060

COVERAGE AND MOST COMMON ACCIDENTS FOR SKI INSURANCE

 If you are one of those who enjoys sliding on the snow, take note of what we tell you in this post and add good insurance to your skier backpack. Statistics tell us that, in addition to enjoying yourself like a child, many other things can happen to you on the snow. In fact, according to our data, in January there is an unforeseen event every 23 minutes at ski destinations.

In the mind of a daydreaming beginner, powder snowfalls in slow motion as he imagines going off-piste. But when you wake up from that dream, things change. There are many things that can happen to you on and off the piste when you go skiing and, although we hope it never happens to you, the truth is that you must be prepared in case it happens.

There are several types of insurance that can protect the skier:

Ski insurance -

It is specific insurance for the practice of this sport that can be contracted on the slopes themselves or previously at any specialized insurer. Throughout this post, we will tell you about its most common coverage.

Ski pass insurance -

 It is the ski resort's own insurance and protects you from the moment you hire the ski pass, that is, the identification pass that gives you permission to use the slopes and facilities. It is basic insurance both in coverage and in limits because it actually acts as the mandatory insurance for travelers. With it, you are protected against the damage you suffer due to the poor condition of the slopes or facilities but not, for example, from the fall that you suffer due to your clumsiness on a downhill or from the damage that you cause to another skier when you hit him in your fall.

Other insurance -

There are other insurances that can protect you against unforeseen events on a trip to the snow, such as an accident or health insurance, but it is VERY IMPORTANT that you check before that it is specified in the coverage of your contract since, in fact, many companies they exclude it because it is considered a risky sport that requires specific insurance. Travel assistance insurance It is another of the products that can come to the rescue when you go skiing since it includes the transfer of the injured person, the early return of the injured person and those accompanying them, and even reimbursement for the crutches or medications that you have to purchase. This type of insurance also protects you in everything related to your trip to the slopes: loss of luggage, overbooking, or cancellation of the flight.

What coverage should ski insurance have?

 The liability is one of the most interesting coverages that insurance should include skiing since a bad fall can have consequences for the skier himself but also for the rest. If, for example, with your fall you take another skier ahead, you will have to pay out of pocket for their medical care and even compensation in case the injury has subsequent consequences. It is better to have insurance to protect your pocket in such a case.

This type of specific ski insurance can be contracted in the resort itself or previously through any insurer and depending on the product offer it may include other coverage or higher compensation limits. We speak, for example, of the breakage or loss of ski equipment, transfer to another place in case the slopes you go to for technical reasons or even accidents that happen to you off the slopes.

Accidents in the snow from a blow to a torn meniscus are a chore, but a problem that can be less if you have ski insurance. In case they have to help you on the track, the insurance covers the pick-up from the tracks, medical care, transfer to the health center, diagnostic tests, and even the medication you need. covered reimbursement for crutches and medications. In fact, the insurance even covers the refund of the amount of the ski pass and the ski lessons not taken if you cannot return to the slopes.

Be careful, if you have a fall on the slopes, the station technicians will pick you up and offer the basic health care you need, but these costs will be your responsibility if you do not have insurance.

The most common ski accidents

According to the travel assistance insurance statistics drawn up with data from the insurance companies themselves, accidents in the snow show seasonality. The winter months are the ones that clearly mark the ski season. January is when there is the highest number of accidents. This month an accident occurs every 23 minutes and 20 seconds. And it is that 7.5 out of 10 accidents occur during winter.