Know about Travel Insurance for Schengen Visa: How to Apply

A comprehensive guide on travel insurance for Schengen visa, its application process, eligibility criteria and benefits.
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3 mins
06 February 2024

If you are planning to travel to the Schengen area, you need to have a travel insurance policy that meets the visa requirements. Schengen area travel insurance provides medical and financial cover to you in case of an emergency during your travel. In this article, we will explore the details of travel insurance for Schengen visa, its coverage, benefits, cost, and how to choose the right policy.

What is travel insurance for Schengen visa?

Travel insurance for Schengen visa is a mandatory health insurance policy that provides financial and medical coverage to the applicant during their stay in Schengen countries. The policy must meet the minimum coverage requirements according to the Schengen visa regulations. It covers medical emergencies, hospitalisation expenses, repatriation, and other costs that may arise during the travel period.

Schengen travel insurance coverage details

Schengen travel insurance provides the following coverage:

  • Medical expenses: Covers medical emergencies, hospitalisation, and related expenses during your stay in the Schengen area.
  • Emergency evacuation: Provides coverage for emergency evacuation to your home country in case of serious medical conditions.
  • Trip cancellation/ interruption: Reimburses non-refundable expenses if your trip gets cancelled or interrupted due to covered reasons.
  • Loss of baggage: Offers compensation for lost, stolen, or damaged baggage during your trip.
  • Personal liability: Provides coverage for legal expenses and damages in case you accidentally cause injury or damage to a third party.

Benefits of Schengen travel insurance

Some of the benefits of Schengen travel insurance are:

  • Peace of mind: Travelling with insurance provides peace of mind, knowing that you are financially protected against unexpected events.
  • Compliance: It fulfils the mandatory requirement for obtaining a Schengen visa, ensuring a smooth visa application process.
  • Financial security: Protects you from incurring hefty medical bills or other expenses in foreign countries, where healthcare costs can be exorbitant.

How to apply for travel insurance for a Schengen visa?

Here are some pointers to consider when applying for travel insurance for a Schengen visa:

  • The insurance must meet the Schengen area’s minimum coverage requirements.
  • Applicants can apply for Schengen visa insurance online or visit an insurance company to purchase the policy.
  • The policy must cover the entire duration of the trip for which the visa is applied.

Eligibility criteria for travel insurance

To be eligible for Schengen travel insurance, you must meet the following eligibility criteria:

  • Must be valid for the entire duration of your stay in the Schengen area.
  • Minimum coverage of EUR 30,000 for medical emergencies and repatriation.
  • Coverage for all Schengen countries is included in your travel itinerary.

What is the claim process for Schengen visa insurance?

Here are some pointers to follow to make a claim for Schengen visa insurance:

  • Notification: Inform your insurance provider immediately in case of an emergency or need to make a claim.
  • Documentation: Provide necessary documents such as medical reports, bills, and proof of travel.
  • Submission: Submit the claim form along with supporting documents to initiate the claim process.
  • Evaluation: The insurance company will assess your claim and determine its validity based on the policy terms and conditions.
  • Settlement: If your claim is approved, you will receive reimbursement for eligible expenses as per the policy coverage.

How to choose the right Schengen travel insurance?

Here are some pointers to consider when choosing the right Schengen travel insurance policy:

  • Coverage limits: Ensure the policy provides adequate coverage for medical expenses, trip cancellations, and other contingencies.
  • Network hospitals: Check if the insurance provider has a network of hospitals and healthcare providers in the Schengen area for cashless treatment.
  • Customer reviews: Read reviews and testimonials from other travellers to gauge the reliability and quality of service offered by the insurance company.
  • Additional benefits: Look for additional benefits such as coverage for adventure sports, pre-existing medical conditions, and 24x7 emergency assistance.
  • Cost: While cost is important, prioritise coverage and benefits over price to ensure comprehensive protection during your trip.

In conclusion, travel insurance for Schengen visa is not just a requirement but a wise investment for any traveller venturing into the Schengen Area. It offers financial protection and peace of mind, ensuring that you can enjoy your trip without worrying about unforeseen expenses or emergencies. By understanding the coverage details, benefits, and claim procedures, you can choose the right insurance policy that meets your needs and travel plans.

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