Travelling to the bright cities and attractive towns of the Schengen area sounds extraordinarily appealing. However, before you get busy planning your itinerary, there is one crucial step you must complete – travel insurance for your Schengen Visa.
Travel Insurance for Schengen Visa
Here's a quick breakdown of what you need to know:
- Minimum Coverage Required: As a general rule, Schengen countries expect your travel insurance policy to cover a minimum of €30,000 for medical costs. This assures that you are catered for in case you are infected with a disease or have an accident while on your tour.
- Price Depends on Your Trip: The travel insurance cost for your Schengen visa depends upon several factors. Hence, variables such as the trip length, the traveller's age, or the specific country that the traveller intends to visit can influence the cost of the trip. In general, senior citizens flying for longer durations would have to pay an accentuated amount.
- More Coverage, More Cost: You may come across travel insurance policies that include extras such as trip cancellations, lost luggage, and even dental. It is important to note that, when opting for comprehensive insurance, the higher the coverage you demand, the higher the premiums you will be charged.
- Shop Around & Compare: Do not rush into selecting a travel insurance package. Take your time, go online, consult travel agents, and always compare prices before opting for any specific single trip travel insurance policy.
Conclusion
Travel insurance is a peace-of-mind investment. The more you cut corners, the more counter-productive it might become for you. Before you start worrying about the cost of travel insurance for a Schengen visa, think about its necessity and the protection it provides.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.