What must be the coverage of a valid Schengen travel insurance and What are the advantages of Travel Insurance?

Schengen embassies do have a minimum coverage requirement for a travel insurance to be considered valid for travel. Here are the minimum coverage requirements for the Schengen travel insurance:

·         A medical coverage of at least €30,000 or no less than $50,000

·         A validity period that covers the entire duration of stay within the Schengen area

·         A repatriation coverage for medical emergencies or death

These required coverage are really very basic which is probably one of the reasons why travellers do not see purchasing a travel insurance as a good enoughinvestment. However, since this is a requirement, there is no other choice but to get one. On the contrary, many travel insurance providers have thought of giving better travel insurance coverage for the same fee. Doing this gives insurance providers better edge over competing providers as well as more options for travellers.

Here are some upgrades to the basic Schengen travel insurance coverage:

·            Full or partial refund of a cancelled trip due to natural causes or medical emergencies

·           Allowance for an interrupted trip due to natural causes or medical emergencies

·           Accidental death, injury or disablement benefit

·         Lost or stolen luggage benefit

·         Damaged personal property or travel documents benefit

·         Act of terrorism benefit

These are just some of the travel insurance coverage upgrades. There may be more or less depending on the insurance provider you choose. To get a better quotation, better check the Schengen Travel Insurance, an online insurance provider that can give you a quick quotation.

What are the advantages of having a travel insurance?

There are many advantages of having a travel insurance, especially when you are visiting a highly developed country with a high cost of living. The Schengen area is definitely counted as a highly developed area and the cost of living in any of the member countries are very high. This means that getting sick while in transit or while vacationing within the Schengen area will cost a lot of money. That is if you are not insured. This is also the reason why the Schengen group decided to make a travel insurance rule to Schengentourist visa applicants. It is not to give travellers a harder time or a dearer travel expense but to protect them from a potentially high medical expense if in case a medical emergency occurs while within the Schengen area.

Apart from the obvious medical coverage benefit, another advantage of getting an upgraded travel insurance is having a safety net in case of theft, misplaced or broken luggage, or worse trip interruption. All of these cost extra pocket money but if you are insured, all these extra expenses will be covered by your insurance provider. See how important it is to be insured?