What Insurance is Eligible for Schengen visa and what are the Main Factors to get the Travel Insurance for Schengen Visa?

 

Schengen visa Travel insurance must include minimum coverage of €30,000 (roughly $33,000) that is valid in all Schengen countries. Coverage for expenses related to transporting someone back to their home country for medical reasons. Coverage for expenses for emergency medical treatment or hospital care.

Requirements for travel insurance when applying for a Schengen visa

When you apply for travel insurance for a Schengen visa, the policy must meet the following requirements:

1.       Insured for at least €30,000

2.       Cover is valid in all the member states of the Schengen area

3.       Must provide cover for emergency hospitalization, emergency medical attention, repatriation and death

4.       Must provide cover for the entire trip regardless of your reason for traveling

It is best to check on the website of the embassy or consulate you are dealing with because they may have additional requirements regarding travel insurance.

What are the main factors to get the travel insurance for Schengen Visa?

Schengen insurance is not usually too expensive in comparison to the overall price of the trip. For example, for a one-week trip, you would pay between €20 to €50, depending on the policy.

There are three main factors, which affect the price of your travel insurance policy:

•        Your age. The cost of the insurance policy increases along with your age. For example, older individuals (especially over the age of 60) have to pay higher premiums for the same insurance plan than someone who is younger.

•        The duration of your trip. Usually, insurance companies calculate the cost of the policy on a daily basis. So, the longer you plan to stay in Schengen, the higher the price of your policy.

•        The maximum coverage limit. There are usually 2-3 insurance plans you can choose from, regardless of the insurance company. As such, the basic plan with health insurance coverage of up to €30,000 will be cheaper than the one with maximum coverage of up to €100,000 or more.

Additionally, if you are looking for affordable Travel Insurance provider then give it a try Schengen Visa Itinerary. They are offering Flight Reservation for visa, Hotel Booking at your destinations and Travel Insurance for any Schengen visa country.