The European Union has made a very clear and also strict set of guidelines for the acceptable travel insurance that an applicant for a Schengen Visa should have. Keep in mind that this is a major part of getting your Schengen Visa approved. Below is information about the coverage that your insurance should offer:
1. Coverage of costs as a result of any medical repatriation, or emergency and hospital treatment.
2. Life Insurance: Compensation to nominated family members in the case of death of Policy Holder (Traveler)
3. The EU insists that coverage must be valid in the entire territory of the Schengen area. This does not usually mean that your insurer must have a presence in each of the Schengen states, but that your Insurer must acknowledge that it will pay whether or not you claim to be going to one country, or to all Schengen countries.
4. The Travel Insurance must not expire until after the period stipulated in your Visa application. It must cover the entire period you intend to stay in the Schengen area.
REMEMBER: For those applicants who want to apply for the Schengen Visa multiple times, you only need to prove that you have travel insurance on the first trip. When you apply on the second occasion, you will only be required to show travel insurance.
DISCLAIMER
We are not in any way affiliated to any of the Insurance Companies listed below. All the information provided in this article is for information only. We are not investment advisers or Travel guides. Please consult the Embassy of the country you wish to travel to. Embassies from all over the world set their own different rules. Going forward with this information, and whatever outcome it may bring will be only your own responsibility.
How much is a fair amount to pay for travel insurance for Schengen visa?
The cost for the Schengen visa travel insurance varies greatly, and depends mainly on the age of the traveler coupled with the duration of coverage required. That means that the older the traveler the higher the cost is likely to be. The longer the duration of travel insurance required, the greater will be the cost charged for the travel insurance for the Schengen visa.
What you Should Do
You first approach an Insurance provider and request a policy. You should go ahead and make the payment before approaching the Embassy to apply for a Schengen Visa. The Schengen Visa is one of the requirements that you need to fulfill in order to get your Visa Application approved. Some Insurers will refund your money if the Visa application is denied. But some pay charge a deductible fee.
That’s all about the Cheapest Travel Insurance for SchengenVisa.
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