Why good insurance cover is very important

First a thank you to Austria to the volunteer fire brigade Golling that we can use their pictures here. All the best for all those involved in the accident.

One of our store managers was on his way through Austria on the Tauern Autobahn when a very serious traffic accident suddenly occurred a few hundred meters ahead of him. Free-ranging horses in the middle of the night on the highway. Our GELDPILOT24 colleague, himself on the road with a caravan and children, was lucky in misfortune, half a minute faster, the terrible event would have hit him. We don't want to describe the terrible accident in more detail, the pictures and media reports say it all.

Although our customers are even more likely to be affected by illness or longevity than serious accidents, at the latest in the event of such events, they are able to check their own insurance cover, at least in the short term. Unfortunately, such plans are soon forgotten again. GELDPILOT24 has developed standards which, depending on the personal situation, e.g. family/single with or without child, recommend a minimum insurance cover for basic necessities. 

What does all this have to do with a "Black Swan Situation"? In the economy, such situations are called unpredictable, sudden events with major effects.