A Quick Guide to Expat Insurance

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There’s a lot to think about when you’re moving abroad. Whether you’re relocating for work or simply want a change of lifestyle, making sure that you’re fully insured as an expat is crucial. There are various types of Expat Insurance and landlord insurance you should consider taking out to ensure that you won’t have to worry if things go wrong. I can’t emphasise enough the importance of contacting a professional.

Your personal circumstances

Finding the right Expat Insurance for you will depend heavily upon your personal circumstances. The main factor will be the country in which you are an expat in – whether it’s safe or high risk, whether they have a strong healthcare system in place and whether the specific location of where you’re living is easily accessible and well served by infrastructure and healthcare.

Other factors that may affect finding the best policy type for you will include:

  • Whether you are alone or with a family or spouse
  • Your occupation and the risks that your job entails
  • Your lifestyle and whether you are in good health
  • The level of healthcare and security available in the country that you are an expat in

Health comes first

Your health, and the health of your family, should be your number one priority when living as an expat. Unfortunately, many countries around the world do not enjoy the same standard of healthcare as you may be accustomed to having experienced living in Australia and you will not be covered by systems such as Medicare.

As an expat, you are generally not entitled to the government subsidized healthcare system that country residents may be able to use. By making sure you take out a good expatriate health insurance policy, you and your loved ones will be able to access the very best healthcare possible in whichever country you are in.

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What should you look for in expat health insurance?

In order to avoid facing potentially crippling costs if you get sick whilst living as an expat overseas, you should take out a policy that insures you for the following;

  • Hospital stays
  • Cancer treatment
  • Outpatient costs such as visiting the doctor or receiving prescriptions
  • Medical evacuation
  • Dental needs

Other types of Expat Insurance:

  1. Income Protection Insurance: this will generally cover up to three quarters of your regular income if you’re injured or unable to work due to illness whilst overseas.
  2. Expat Life Insurance: it’s best to always be prepared and you’ll have ultimate peace of mind knowing that in the event of your death, your life insurance will help your loved ones to pay off debts such as your mortgage.
  3. Trauma Insurance: Major injuries such as heart attacks, strokes, cancer or blindness will be covered under this insurance and may provide essential funds to help cover medical costs.

I recently came across a fantastic directory: Acay.com.au. If you’re looking for a great, local broker to ask questions face-to-face, this is a great way to find them.

Three Things To Consider If You’re Considering Becoming An Expat

Welcome to my wealth and insurance blog! I decided to kick of my first two posts focusing on Aussie expatriates. Starting with this post on things to consider for individuals considering living overseas, I’ll then move onto the insurance expats require, wealth protection and life time insurance. Not an expat? That’s okay, the next focus will be on professional indemnity insurance and income protection. For now…

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It’s a big decision to make. Moving abroad and living as an expat overseas. It can be anything from an exciting adventure, to a scary life change, however it’s always easier if you’re as prepared as possible for the changes that you’re set to face. Try to be very organized, and carry out as much research as you can about the country that you’ll be living in to ensure your experience is as smooth as it can be.

The Paperwork:

It may seem boring and slightly overwhelming to sift through the mounds of paperwork that seem to accompany Visas, Work Permits and processes such as Insurance. Remember however that these are the most important part of being an expat and you need to check that you’ve got everything in order.

Points to consider:
• The paperwork that you need may depend on a variety of things including the reason for your move and your nationality.
• Find out how much time you have to complete the application processes for documents such as visas. Often these can take longer than you think.
• Make copies of any documents so that you have them on record and try to also store on a cloud based system so you can access them easily.

If you’re feeling overwhelmed, why not ask for professional help and seek out lawyers or experts who will know the system and be able to simplify anything that you’re unclear about?


Doing a little research on the location that you’re moving to will help you to figure out what sort of accommodation you can expect to find. You may realise that people tend to live in apartments rather than houses, or that you’ll need to budget or save in advance to get the type of accommodation you want.

A lot of people tend to purchase investment properties and then rent them out – these types of properties are usually perfect for an expat looking to find some good accommodation for their stay.

It’s best to have at least a short term accommodation option set up before you arrive in a country, however you’ll also want to make sure you have all your documents in order so that you can register with agencies upon arrival to look for longer term rentals or properties to buy.

Don’t forget to also wrap up your home in Australia too – make sure that you switch utility bills and close down accounts before you leave. It’s always best to start doing this as far in advance as possible especially if you’re renting a property and need to inform your landlord.

Changing Cultures

Depending on where you’re moving to, you may be about to embark on what feels like a whole new life. Try to learn as much as possible about the culture of your new home– everything from whether you need to dress in a certain way, to what type of transport people generally use to travel around.

Work wise, you’ll also need to find out whether the qualifications that you have in Australia will be valid overseas, and other details such as whether the structure of the working week or general office hours are the same as those that you’re used to.

It’s always best to try to integrate with the new culture as much as possible. Trying local restaurants, meeting people via interest groups or work networks and making friends in the area can help with the transition of moving to a new place. Amazon sells some fantastic titles and guides on living as an expat in many different countries, check out this link for popular books.