A Guide to Long Stay Holiday Insurance Abroad

March 31st, 2008 Posted in Long Stay Holiday Insurance

If you travel extensively and are often abroad for long periods of time then long stay holiday insurance abroad is for you. Whether you are a working professional, a student, or a retiree, this type of holiday insurance policy can be of great benefit. Long stay holiday insurance abroad is convenient in that you will only have to sign a travel insurance agreement once, as opposed to having to sign a contract each time you plan to travel.

What is Long Stay Holiday Insurance Abroad?

Travel insurance provides you with cover for the many risks that are associated with traveling. A long stay holiday insurance abroad policy provides you with peace of mind when traveling away from home for extended periods. If you are sufficiently covered, you will not have to worry about loss or damage that may be caused to your belongings, your property, or even you.

There are various benefits that you can receive when signing a long stay holiday insurance abroad policy. Benefits can include curtailment and cancellation due to exam failure, up to one and a half years’ cover on a single trip, 15% stopover allowance in high risk areas, money and baggage cover, and hazardous activity cover.

Things to Think About

There are many factors that you need to take into consideration when searching for a long stay holiday insurance abroad policy. Unfortunately, one of these considerations is mugging and theft. This is due to the ever increasing number of attacks on tourists or visitors in foreign countries.

Should you become a victim of crime in a foreign country, ensure that the matter is reported to the local authorities immediately. The police will request that you write a formal statement detailing the events of the crime. It is imperative that you keep a copy of your statement to present to your insurance provider when you make the insurance claim. It is a good idea to familiarize yourself with your insurance provider’s policies regarding theft before you embark on your trip.

Ensure that you have done your homework when selecting your long stay holiday insurance abroad policy. It is important to know that you are covered for any eventuality. This knowledge will provide you with peace of mind so that you can relax, unwind, and feel safe and secure on your travels.