Expat Insurance Planning
“For example, emergency evacuation will be a priority
for an expatriate if he is in Timbuktu and falls under a bus.
He may find the policy only covers evacuation for him plus one
person and with no accommodation for the\ second person. When
he is trying to get well he has to worry about his wife and
kids back home in Timbuktu. We take the whole family out.”
The analogy Rousseau uses for comprehensive cover is a compelling
one. “It’s like having a parachute. You may never have
to use it, but if you need to you are very grateful it’s there,”
he says.
While cost is an issue for international PMI cover, expatriates
tend to put this into the mix along with making sure all necessary
precautions are taken.
Expat Insurance Planning & David Pryor
David Pryor at ExpaCare suggests other things should also be taken
into account. “You should look at the quality of the insurer
and you should know who is behind the product as you need to make
sure they can pay the claim. If you buy cheap you could pay dear in
the long run,” he says. ExpaCare offers three levels
of cover and Pryor says it is the middle one - ExecutiveCare - which
is the most popular. “This offers full in-patient and out-patient
care. The top level one (SpecialCare) is not so popular. People
think they can make their own provisions for things like dental
treatment and maternity care,” he says.
Expat Insurance Planning & Rousseau
Rousseau stresses, however, that those who haven’t got the right
cover can be caught out.“For example, if an expatriate is involved
in an accident in another country he can be hung, drawn and quartered.
If you are involved in an accident that is not your fault, we have
legal expenses cover up to £15,000. And if the reverse is the
case and you are charged with causing the accident we can offer personal
legal liability cover of up to £1 million,” he says.
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