Schengen Visa Travel Insurance

If you are planning to visit Europe or any other part of the world, it is highly likely that unexpected costs will arise. Travel medical insurance for vacations, business trips, and studying abroad across the globe helps cover the medical expenses associated with unanticipated injury or illness. If you are planning to travel to any of the Schengen area countries, you are required to buy travel insurance to obtain a Schengen visa. International travel insurance is selected based on the travel routine. Coverage can differ according to the age of the insured.

Schengen Visa Travel Insurance

What Will My Policy Cover?

A Schengen visa, commonly obtained by individuals going to Europe for business or pleasure, is applicable for stays of 90 days or less. Schengen visa insurance, a mandatory requirement will provide you with the medical coverage needed for your travels. A policy typically covers the following:

  • Medical emergencies, including accident or sickness while you are in the Schengen area.
  • Trip cancellation.
  • Trip Interruption.
  • Accidental death, injury, or dismemberment.
  • Lost, stolen, delayed, or damaged baggage.
  • Travel delays resulting from weather.
  • Missed flight connections.

How Do I Purchase A Policy?

You can purchase Schengen visa travel insurance online, or through a travel agent. No matter which method you choose, know what coverage you will require as well as the type of travel you are planning. Select your policy, provide your details, and complete your purchase. International travel insurance policies are flexible and are priced based on itinerary, amount of coverage needed, and age of the insured. The ideal time to buy travel insurance is usually within two weeks of making your very first payment towards the trip.  Many policies offer additional benefits when you purchase the plan during this advantage period.

How Can I Use My Insurance?

Schengen visa travel insurance is easy to use. By contacting the insurance company’s helpline telephone number, you can register your claim, arrange for medical assistance, coordinate with local healthcare providers, and arrange for evacuation and repatriation services.

What Are The Exclusions?

Although Schengen travel insurance offers a wide range of coverage, it does not cover all events.  It is wise to check with your provider for a detailed listing of exclusions for your plan. Here is a partial list of exclusions common to all plans:

  • Pre-existing diseases unless it is life-threatening.
  • Expenses incurred due to suicide, mental disorder, self-inflicted injuries, alcohol and drug abuse, HIV/AIDS, and pregnancy.
  • Expenses incurred if you are traveling against the advice of a doctor.
  • A terminal prognosis for a medical condition.
  • High-risk sports, occupations, and activities.
  • Travel to high-risk countries.
  • Medical expenses incurred after the expiration of the policy.
  • The cost of glasses, hearing aids, or contact lenses.

Two Popular Plans

Several providers offer Schengen visa travel insurance. Two of the most popular travel insurance plans available today are the Atlas and Patriot policies.

Atlas

Atlas International offers low-cost Schengen visa travel insurance. Policy maximums range from $50,000 to $2,000,000 and deductibles from $0 to $2,500. The coverage is available for any period of 5 days to 364 days. You can complete an application online or over the telephone. Standard & Poor’s, as well as Fitch Ratings, gives Atlas an A+ rating. A.M. Best gives Atlas an A rating.

Patriot

This international travel plan satisfies the Schengen visa requirements. The policy has a maximum available from $50,000 to $2,000,000. The plan is available for a minimum of five days and a maximum of two years. Patriot maintains an A rating from A.M. Best.

Below is a listing as to how the Atlas and Patriot plans meet the requirements for Schengen visa insurance:

Schengen Visa Insurance Requirement Atlas Travel Benefit Patriot Travel Benefit
Coverage for expenses which might arise in connection with repatriation for medical reasons. Emergency Medical Evacuation to the nearest appropriate facility up to a $1,000,000 lifetime maximum. It includes costs for air or ground transportation ticket home. ·         Emergency Medical Evacuation to the nearest appropriate facility up to a $1,000,000 lifetime maximum.
Coverage for expenses which might arise in connection with urgent medical attention and emergency hospital treatment.
  • Hospital room and board
  • Local ambulance
  • Emergency room co-payment
  • Intensive care unit
  • Physical therapy
  • Chiropractic care
  • Hospital room and board
  • Local ambulance
  • Emergency room co-payment
  • Intensive care unit
  • Physical therapy
Coverage for expenses which might arise as a result of the individual’s death.
  • Accidental death and dismemberment (AD&D)
  • Repatriation of remains
  • Local burial or cremation
  • Common carrier accidental death
  • Accidental death and dismemberment (AD&D)
  • Repatriation of remains
  • Local burial or cremation
  • Common carrier accidental death
Coverage for the entire period of the individual’s intended stay or transit.
  • Coverage is available up to 365 days for non-U.S. citizens or residents whose travel does not include the U.S.
  • Coverage available up to 364 days for all other travelers (Coverage not renewable)
The coverage period is six months
Minimum coverage of 30,000 Euros (about USD 33,819).
  • Up to $2,000,000 in maximum coverage for those under age 70
  • Up to $100,000 in maximum coverage for those age 70 to 79
Patriot America satisfies this requirement by offering the following medical maximums:

$50,000, $100,000, $500,000, $1,000,000

 

Valid in all Schengen Area countries. Meets Schengen visa insurance requirements Meets Schengen visa insurance requirements

Q & A

What are Schengen visa insurance requirements? The necessary elements are as follows:

  • Minimum coverage is USD 50,000.
  • The coverage must be valid within the Schengen region and for the full duration of your stay.
  • The insurance must cover any expenses connected to medical reasons, urgent medical attention, and emergency hospital treatment.

What are the two different Schengen visas that require travel insurance? A short stay visa (category C) is the most common Schengen visa issued. This visa is intended for tourism, business, family or private visit, or to get married. The transit visa (category B) provides coverage for travelers going from one outside State to another outside State to pass through territories of the Schengen states. A third category, category A the airport transit visa, does not require travel insurance.

What countries comprise the Schengen area? The Schengen territory consists of the following countries within the Europe zone: Schengen States of Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland as well as the European Union Member States of Bulgaria, Croatia, Cyprus and Romania.

Can the Schengen visa travel insurance policy be extended? The Atlas plan can continue coverage for a five-day minimum up to a maximum of 364 days from the initial effective date. Extensions of Patriot insurance are available for a minimum of five days up to a 12-month before reaching the maximum of 24 continuous months.

What factors decide the cost of Schengen travel insurance? The premium of a Schengen Visa insurance plan varies and is dependent upon the following:

  • The traveler’s age
  • The maximum medical coverage selected
  • The selected deductible amount
  • Any co-insurance on the plan
  • The insurance underwriter

Traveling abroad is fun, but you must plan for the unexpected. If you have plans for travel within any of the Schengen area countries, you are required to purchase travel insurance to obtain a Schengen visa. Do your research and find the best plan to fit your individual needs.