An Ultimate Guide About The Best Travel Insurance Deal For Business Travelers

Applying for a Schengen visa this summer? If yes is the answer, read this guide till the end to ace the visa application process. Among all documents, one of the most important documents in your visa application is travel insurance for Schengen visa. We will discuss it in detail in the second part of the article. 

What Is a Schengen Visa? 

A Schengen visa is a type of visa that allows you to travel without any restriction in as many as 26 European countries. These 26 countries are signatories to the Schengen agreement. All signatories to the Schengen agreement have abolished their national borders in favour of a uniform border and have removed all sorts of travel restrictions.

The 26 signatories to the Schengen agreement are as follows:

  • Austria
  • Belgium
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Slovakia
  • Slovenia
  • Spain
  • Switzerland

If the visa officer approves your Schengen visa application, you can stay in the Schengen Zone for 90 days within the 180-day cycle. The three main types of Schengen visa are as follow:

Schengen Tourist Visa:

You will need this type of visa if you want to explore the scenic beauty of the Schengen Zone. Applications for Schengen tourist visas are the highest among all other types of Schengen visas as each year millions of tourists from all over the world travel to the Schengen area. 

Schengen Medical Visa:

As the Schengen Zone is one of the most developed and advanced areas in the world, each year hundreds of thousands of people travel to the Schengen area to seek medical treatment. 

Schengen Business Visa:

Schengen Zone is the third biggest economic power in the world. Only the mighty United States of America and China are ahead of this zone. Being one of the richest areas in the world, Schengen Zone attracts millions of people every year that explore its different citizens and sectors. When it comes to attracting foreign direct investments, the Schengen zone attracts the highest number of FDI, even higher than that of the USA and China. 

What Is Schengen Visa Travel Insurance? 

A Schengen visa travel insurance is a mandatory document that you need to attach to your visa application. Schengen visa travel insurance provides you with medical coverage during the course of your trip to the Schengen Zone. It also provides coverage in the sad case of the sudden demise of the applicant. This coverage comes in the form of the cost of repatriation of a dead body. 

The minimum coverage that a Schengen visa travel insurance offers should be equal to or more than 30,000 euros. If you have attached travel insurance that offers less coverage or does not meet any of the above requirements, the visa officer will reject your application without a second thought. 

Likewise, the Schengen visa travel insurance should be valid for the entire duration of your stay in the Schengen area. Also, the travel insurance for a Schengen visa must have validity spanning across the Schengen area. Again, if you have attached travel insurance that only covers one or a few countries, the visa officer will reject your application

If you plan to stay in the Schengen Area for a longer period, you must ensure that your insurance policy can be renewed or extended for the entire duration of your stay.

And the last requirement for Schengen visa travel insurance is a certificate. The insurance company must provide a certificate that proves you have adequate coverage for your trip. This certificate must be submitted along with your visa application.

How Can You Buy A Schengen Visa Travel Insurance? 

You can buy dummy insurance for visa online from a trusted company. The biggest benefit of doing this is you can read customers’ reviews on third-party platforms such as Google and TrustPilot to find out the quality of service they are offering. 

Also, you can get in touch with their customer service representative to get all the information. Online companies also offer group discounts and different packages that can result in significant savings.

Other supporting documents that you will need for your Schengen visa application are:

Flight reservation for visa application: A flight reservation for visa application lists your planned route of travel, entrance and exit dates, and the airline you will be travelling in. 

Proof of sufficient funds: You can demonstrate proof of sufficient funds through your bank statements. Through proof of sufficient funds, you demonstrate that you have enough funds to support your trip and that you will not become an onus on the welfare systems of the Schengen countries.

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