This section discusses global solutions vs. what may be available inside the host country for international liability insurance and global property insurance. Our experience shows that even if local insurance solutions does exist, they are not suitable for anyone that is not a local national and certainly not adequate for internationally mobile executives. In other words, the only people that should be investigating international personal insurance options locally, are people that are "localizing" and plan to live in the country indefinitely.

What Solutions are Available Locally in The Host Country for International Personal Effects Insurance?

Of course, an American working in the U.K. can find both international property insurance and global liability insurance. What about more difficult country locations for example, a Canadian working in India, China, Pakistan, Egypt, Brazil, etc. In reality, there are very little to no options in most countries to begin with.

If You are Considering a Local Insurance Policy For International Property and Expatriate Liability Insurance, What Do you Need to Know?

Consider the fact that local solutions are built for local nationals and not or foreign nationals living in the country means that IPI solutions are almost always superior to what may be available locally. If you need the proof, here are the relevant items when considering a local insurance scheme vs. a global provider like IPI.

A local provider's coverage is typically only good in the host country. IPI coverage is world wide. Do you ever travel out of the country? Does your family travel back to the home country? (Yes, there are exceptions and insurers that will operate regionally with the best example being EU insurers and EU citizens traveling throughout the EU.) However, as a rule of thumb don't expect coverage outside of your residence country if you purchase a local policy for international property and liability needs.

A local provider may present you with an insurance company you have never heard of before. What is their reputation? IPI works with globally recognized, world-class, A rated insurance companies.

How do you know what will be covered at the time of claim? What is the insurance standards of the local country? Do they even have a Department of Insurance? IPI uses insurers legally recognized internationally, but follow EU and North American insurance standards where insurance law ensures you get a high quality of coverage.

Finally, the basics.. what if you need to file a claim for $25,000 for a property loss or worse, a $500,000 lawsuit hits you. Do you want to be pouring over a local insurance policy written in the local language or a policy document in English from a global insurer created for internationally mobile individuals?