Biggest Mistake Expatriates Make, Forgetting the International Property Insurance

One of the biggest mistakes expatriates make when they go to live internationally on a work assignment, is believing they have to take no action to insure their international property and to provide themselves international liability insurance. The reason is, they falsely believe their employer is either providing these coverages for them, or in the event of loss, the employer would financially bail them out.

This is almost never the case. Employees need to understand that as soon as the moving truck backs away, it is their own responsibility to secure international property insurance and international liability insurance to protect their financial net worth or risk everything. Many expatriates will not take this initiative or even investigate options for their international personal effects believing the employer will be there for them in the event of a personal claim.

The legal and tax reasons why employers cannot get involved is explained at www.internationalpropertyinsurance.com