expat insurance

expat insurance

Generally speaking, expatriates are usually regarded as static occupants of another nation – i.e., they are just people who live permanently somewhere else!  But in actual fact, an awful lot of expats make the very most of their time living, working or retired abroad, and travel extensively.

They like to get to know their new home nation, explore all the exciting destinations within reach of their new homeland, and spend a lot of time on the road or in the air discovering whole new worlds.  So, do expats need travel insurance?

Yes!  Most of the time they do – especially when travelling outside their new country – and even in some cases, such as for those expats living in Canada, when travelling outside their own province or state!  In this article we explain expat travel insurance, who needs it, what it is and how to get the best deals.

Before you expatriated, you would probably only take out travel insurance or renew a policy annually when you planned a trip abroad – i.e., a trip outside your own home nation.  Well, nothing differs particularly for expatriates – except for the fact that more expats travel outside their new nation compared to the numbers of their peers who reside ‘back home’ in their original nation!  So, more expats need travel insurance!

As stated in the introduction to this article, this is because expats usually like to make the very most of their time abroad and explore all around them.  Expats from North America who move to work in the UK find that the whole of Europe is literally on their doorstep, and this makes it easy for them to discover the delights of France, Italy and Spain for example.  Britons who relocate Down Under can explore New Zealand and Asia more easily, and even expats who go and work in Dubai find that they want to explore neighbouring states and GCC countries such as Qatar and Kuwait.

Well, for every expat who wants to explore, there is a travel insurance policy that needs to be bought!  And now for a brief word about Canada – in Canada residents have healthcare cover for the specific province in which they reside, but this cover does not travel with them and means that if they live and work in Toronto and want to visit Vancouver perhaps, they will need travel insurance too!  The basics of the insurance are the same no matter where you live.  You need to have your baggage covered for loss or theft for example, you need to be insured against issues that could arise and affect your ability to travel – but more important than all of this are the healthcare considerations of your insurance policy.

Depending on where in the world you’re living as an expatriate, chances are high that you will have taken out medical insurance as few countries have a 100% free national or state healthcare scheme.  This policy is probably just domestic and will not cover you if you travel outside the state or the country in question.  But do look at your policy first and see if it does offer you any international cover.  If it does not, then you need to think about where you will be travelling to and what level of cover you are likely to need.  Will you need repatriation insurance for example?  Are there any particular threats or issues that you need to insure against, are health facilities adequate in the new country or will you have to be medically evacuated out of there if you fall ill?

All of these considerations will guide your decisions when it comes to getting insurance.  In terms of which policies are best for you, you will need to shop around and can do so both online and off.  Online you will have access to international insurers, offline you will probably only be able to access insurers in your own new nation.  Whoever you decide to go with, check the small print and wording of policies to make sure that everything you need insuring is covered and that you are aware of exclusions, exemptions and your excess.

Click here to learn more about Expat Medical Insurance Plans

(By shelteroffshore.com)

According to an HSBC expat survey, Australia has been voted the world’s best country to bring up children.

With its beaches, outdoor lifestyle and friendly schools, Australia provides the best environment for healthy and active children, the study found.

Not only do more than three quarters of expat children spend more time outdoors than in their own country, but they also integrate into new school environments and make friends more easily.
The survey also found that Australia had the largest proportion of expat parents who felt their quality of family life was improved by the move.

Conversely, parents saw Britain and the US on the whole as less healthy places to live, with children prone to spend more time in front of the computer or watching TV.

The survey targeted over 3100 expatriates living and working in 50 countries including the United Arab Emirates, Australia, Hong Kong, Singapore, the United Kingdom and the United States.

Locations were rated for their quality of education, ease of integration, time spent on outdoor activities, childcare and costs of raising children.
Interestingly, most expat parents believed their children benefited from living in a foreign country.

Overall, Singapore came second, followed by Hong Kong, the UAE, the United States and Britain.

Click here to learn more about Expat Medical Insurance Plans

(ByFlorence Foster, moveoneinc.com)

© 2017 Compass Benefits Group