You have to move to a different country and your favorite websites for insurance, policies etc are no longer able to serve you? Worry not expat, read along! When it comes to travel insurance, there are swarms of service providers. But, most of us don’t think on the part that travel insurance is ideally region or country specific. So, Mr. Expat, you aren’t getting covered anymore! What now? Well, it would make sense to purchase travel insurance for expats, I guess. If you’re a global citizen, you will need to understand the difference between health insurance for expats and travel insurance for expats. An unclear understanding of either would land you in a difficult situation overseas. Travel insurance for expats is aimed towards providing cover for emergency medical treatment while you are in another country for a short period of time.
The components of travel insurance
Ideally, travel insurance can be categorized into 3 different groups – travel coverage, medical coverage and personal accident/death/disability coverage. Travel insurance covers you for trips of limited duration and offers protection against travel related issues such as –
1.Cancellations, delay or interruptions in your flight
2.Loss of luggage and/or personal belongings
3.Emergency medical treatment
What features to look for when selecting travel insurance?
Each service provider comes with their own unique features, however , some of the most noteworthy features when selecting travel insurance for expats are as below-
1.An insurance plan that provides global coverage
2.Comes with domestic travel coverage within your new country of residence
3.Unmatched customer service and the most comprehensive coverage
4.An insurance from a well-reputed company that expertise in International medical and travel insurance
5.Provides options for multi trip travel insurance, group travel insurance (in case you are traveling with family)
Other than the aforementioned, look around and research on the different policies available and choose the one that suits your need and situation the best. A professional insurance agent can surely help you drill down the best plans. Read the policy details and get one before you board a flight. Travel insurance is your key to a tension free trip around the world – be it business or for pleasure.