How to Insure Your Car Overseas
If you are military personnel, there are often times where you are required to relocate. Being in a position where you have to relocate can pose some obstacles for you especially when it comes to insuring your car. If this scenario applies to you definitely check out the benefits of GAP insurance.
However, on the bright side, a lot of insurance companies have taken note that military personnel is put in a position where it’s difficult for them to relocate and acquire car insurance overseas. Auto insurance companies have taken on this realization and offer military personnel with exceptional auto insurance offers. For example, auto insurance companies will provide you with special rates while you are away or provide you with a storage facility.
On the other hand, you should inquire whether or not relocating your vehicle is the optimal strategy for you. Depending on where you are relocated, public transportation can be more of a viable option for you.
Some insurance companies out there offer you with coverage as you are relocating. Geico insurance company offers you with 12 months of coverage as you are overseas and with competitive rates as well. And sweeten the deal Geico careers all of the paperwork for you as well. If you’re part of the Marines, Geico offers you $200,000 of coverage while the vehicle is being shipped overseas.
One consideration you should make while you’re relocating is finding out the insurance policies to the country you’re moving too. Depending on where you going the insurance rates could be higher or quite frankly they might not require insurance at all. For example, if you’re going anywhere in Europe, you’ll see higher insurance rates as opposed to going somewhere such as Bangladesh or Pakistan.
It is understood do you have an option of choosing the type of insurance coverage you’d like. Not everything is mandatory, but it may be a smarter idea for you to choose insurance coverages that would be sufficient to you as you travel. You’d want to be covered if you’re moving your car from your home country to a relocation, it’s just good to have insurance.
Here’s a list of the insurance coverages we recommend you getting as you relocate to a new country.
Collision insurance. The damages sustained on your vehicle will be covered by your insurance company if you are ever in a position that you’ve hit another vehicle, a tree, or building. It is not limited to those three instances, you can contact your insurance company to find out exactly what your collision insurance will cover.
Comprehensive insurance. This insurance policy goes into a bit more in-depth, but essentially it covers you for anything such as fire damage, theft, natural disasters. The calculation on this premium is a little bit tricky which we recommend you contacting your insurance company to get the accuracy.
We’ve covered the basics on the insurance you would need for your vehicle, let’s take a quick look at some of the insurance policies you should take in the instance someone was hurt or you were hurt in an accident.
- Bodily injury. This insurance policy would pay for the medical bills of someone or a group of people who were hurt in the accident. This policy is there to cover the driver injured anybody else due to the accident.
- Personal injury protection. This is pretty straightforward, your insurance policy would cover you in case you had sustained any injuries during an accident. This policy also extends to anyone else in your vehicle.
- Property damage. Suppose you’re driving and you lose control and you damage someone’s property, this insurance policy would extend to cover any damages but you’ve inflicted to somebody else’s property. The great little Insurance to have, potentially can protect you from any lawsuits.
No matter where you are, even if you’re still inside the United States we highly recommend that you shop around to find a perfect insurance policy that suits you. Look outside the state minimum insurance and make sure that you’re not paying in excess for everything. I bet you leave your vehicle in a safe position at all times. Take precautionary measures when you leave your car parked, roll your windows up and don’t leave any valuables in your car. Minimize the risk in case something would have happened in a new place.
Insurance companies extend their hand to provide military personnel with a custom-tailored plan if your car insurance. So do your homework and in the case is a situation where your car insurance will come in effect you won’t regret that you didn’t do any homework.