Exploring Expat Car Insurance for Overseas Workers
Expatriates (ex-pats) are people who move to another country to work and look for better financial opportunities. The term expatriate is often confused with the term immigrant. However, ex-pats are typically professional employees with a certain set of skills who move to foreign nations with the support of their company.
Working professionals are doing this more today not only because of the financial opportunity but the opportunity to travel and gain international experience. While living in another country, people may need to purchase a vehicle to travel. It is important for car owners to have insurance to reduce risk and protect themselves from legal setbacks.
Car Insurance for Expatriates - Having an international car insurance policy is a must for every expatriate to ensure that they are covered during cases of motor vehicle accidents. These international car insurance policies offer more protection with a lot of flexibility over a longer span of time. Most insurance companies include coverage for collisions, accidental damage, criminal damage, theft, severe weather conditions and protection for windscreen damage. There are a number of different types of car insurance policies. Car owners can find quotes by contacting insurance companies and comparing the differences.
Comprehensive and Collision Coverage - The comprehensive collision coverage is a type of ex-pat car insurance that gives coverage for your car for theft and collision while it is being used in another country. It includes disablement towing coverage, automobile rental reimbursement and an optional coverage for any duty expenses during cases of vehicular accidents.
Excess Liability Coverage - This type of car insurance gives additional coverage when a country requires you to buy a local car insurance policy. Some countries offer car insurance coverages that are not as extensive as your desired policy. Therefore, this type of insurance policy is a great supplementary insurance policy if you feel your current coverage is inadequate.
Primary Liability Coverage - Most countries require expatriates to purchase local car insurance. This type of insurance covers third party liability while an expatriate's vehicle is being used. This insurance policy provides coverage for expatriates in cases of body injuries or property damages to others.
Expatriate Benefits - Thousands of people choose to become expatriates because there are a lot of benefits that they can get from being an ex-pat. Since expatriates are hired because of their capabilities, they have high salaries and a lot of added perks. Some countries also give expatriates tax breaks, which make their wages a lot higher. Most companies also offer free travel, food and accommodation to make living in another country more convenient and enjoyable.
- Flickr: 1978 Town Car