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We have cataloged the most frequently asked questions about international liability insurance in this section. If you have questions and you cannot find the answers in this section or in our resource section at left, please email us at info@internationalpropertyinsurance.com How long does it take to secure international personal insurance coverage?In most cases, internatinal liability insurance and property coverage can be bound over the phone immediately with no need for paperwork if you wish to pay via credit card. Time on the phone is about 10 minutes in most cases. Please email us to make an appointment if you wish to bind the insurance over the phone. Do I have to purchase international liability insurance with the global property insurance?Yes, this is a package policy by design. The international liability coverage is extremely affordable (beginning at .14 (cents) a day) and we explain at left (why do I need liability) the extreme importance of carrying this insurance. Global property and liability insurance is a package policy called international renters insurance. What is the minimum amount and maximum amount of international liability insurance I can purchase?As little as $100,000 USD of international liability insurance protection can be purchased for about .14 cents a day ($50 per year) and this includes legal defense costs. The maximum amount of global liability insurance that can be purchased with our standard underwriting process is $5,000,000 USD. You will also choose the amount of international personal effects insurance you need to cover your property. (from $10,000 to $300,000).What amount of international personal liability insurance should I purchase for myself and my family?Of course, everyone's situation is different. For most people we almost never recommend any lower than $500,000 USD of protection. The cost for 1/2 a million dollars is approximately $150 a year or .41 cents a day. We have seen to many lawsuits over this amount to recommend any less at this affordable cost. If you are a young person with little assets, we recommend the $100,000 option mostly because of the legal defense that comes with the program. The legal assistance can be a real life saver ! Does the International Liability Insurance program work for my family if my wife or child is living in another country, or back in the United States?Yes, this is not a problem. It is quite common for an expatriate family to be living in the host country and one or more children are attending university in another country. International liability insurance coverage follows you and your entire family, no matter where in the world they may go. |
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