According to the Schengen agreement 26 Western European countries that belong to the Schengen area have decided on a common visa to allow visitors to these countries. In order to travel to these countries, it is mandatory to be have a Schengen visa travel insurance as mandated by Schengen rules. Therefore travelers will not be able to visit a Schengen country unless they have a valid travel insurance policy which satisfies Schengen regulations.
The following are insurance requirements for the Schengen visa:
The cost of Schengen visa travel insurance depends on several factors. The aim factor is the age of the traveller and the duration of the trip. The risk of expenses is directly proportional to the age of the traveller, and hence results in a higher expense. Similarly the longer the stay overseas the greater the risk involved and hence the greater the cost of the insurance. The insurance cost is also directly proportional to the medical maximum coverage provided.
The details and procedure to get the Schengen visa insurance letter is as follows:
Yes, if you are travelling to any of the Schengen countries. Without adequate travel medical insurance, you will not be issued a Schengen visa. While all Schengen countries are in Europe, not all of the European Union nations come under the ambit of Schengen regulations. For example, the United Kingdom and Ireland are two nations not within the Schengen regulations. However, considering the high cost of health care in Europe, and the security that a travel insurance plan provides, it is strongly recommended to buy adequate travel medical insurance while visiting Europe.
The following are the long term (more than 90 days stay) Europe Travel insurance requirements:
Yes as long as the insurance plan has not started.
Deductible is a means of cost-sharing, which makes the customer responsible for a limited initial amount of the expense before the insurance company pays for the expense. This is a means to reduce frivolous claims by customers and for the customer to realise that he/she is a co-owner of the plan and take responsibility for reducing possible expenses.