Expatriates

Written on October 20, 2009 – 9:39 am | by admin |

Expatriate Insurance

Expatriate insurance is for someone going abroad for an extended period of time. It will cover the insured anywhere they go but will not usually work in their own country, where regular insurance policies will be needed.
Expatriate insurance can be obtained for health, dental, automobile or property insurance. This insurance will usually cover someone worldwide or worldwide minus the United States. The policies are determined upon people’s age and where they are going. If someone is only traveling for a short time period, then it is more beneficial to get travelers insurance because it will be cheaper.
This type of insurance is portable from country to country so the insured does not experience time periods without insurance. Expatriate insurance can be purchased every 6 months or annually. It provides financial security for you and your family while abroad, allowing you to still seek the medical attention like you are used to.
As with any insurance policy, it is very important to look at the specified exclusions. The exclusions that are usually seen in expat insurance policies include: war, acts of terrorism, nuclear war, hostilities and contractual liabilities. Contractual liabilities are any liabilities the insured has taken on and signed an agreement in case they occur.
Things to consider when applying for expatriate insurance is whether becoming pregnant is an option, because it can be added to the insurance policy but usually does not come already in the policy. It is important to check the network of doctors and hospitals in the policy along with the expertise of the hospitals in the network. Also emergency evacuations and home transportation need to be considered in case of medical emergencies.