If you’re planning on living or working in a foreign country, you may wish to look into expatriate insurance. Expatriate insurance is a policy that is designed to cover you for financial and other potential losses that you may incur while residing in said foreign country.
Such insurance policies cover personal property and your personal automobile. They will also cover for emergency evacuation should there be a situation where you need to be evacuated. If you’re in need of medical or dental care they will cover this as well.
There are also clauses for short-term travel insurance and for terrorism and war. You can also find clauses that include kidnapping and ransom situations. If you’re traveling to a foreign country that has had any type of civil unrest, you’ll want to make sure that you’re able to cover your needs should an emergency situation arise.
These insurance policies are readily available by most insurance agents and brokerages. You’ll have to pay for them before you leave or arrange for funds to be withdrawn from an account to pay the premium while you’re out of the country.
Keep in mind that these kinds of insurances will go far to help you in an emergency, however, you’ll have to have access to them at the time of the emergency. But if you find yourself in an emergency situation it might take a while to literally get access.
Expatriate insurance companies will vary in the premium costs and the things that they cover so make sure that you read the fine print and abide by all of the requirements for your specific policy. If you have any questions regarding a specific situation be sure that you fully discuss this with your insurance agent at the time of procuring your expatriate policy to ensure that you’re fully covered for such a scenario.