Luang Prabang Taveling
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Protection in Foreign Land Traveling in Own Vehicle & International Auto Insurance - Insurance - Auto
Situations Calling for Foreign Travel by Own Vehicle & International Auto Insurance
There can be situations requiring driving of the vehicle in US as well as neighboring countries like, Mexico, Latin America and Canada. The foremost necessity is of getting insurance protection through International Auto Insurance service offered by certain internationally operating insurance companies.
The International Insurance rates are dependent on the degree of risks associated with the country one wants to travel by car. Comparing the example of traveling by car in Latin American countries and Canada, the Latin American countries are comparatively more dangerous to travel by car and thus there is higher risk when compared with Canada, where the traveling is much easier.
In respect of International Auto Insurance providers the reputed companies to depend on are GEICO Insurance, AIG International Insurance, A.I.G. Insurance Co.
International Insurance Rates:
The minimum period for which the International Auto Insurance can be procured is one month and the maximum period being one year. It is advisable to procure the coverage duration in exactness of the anticipated travel time, since it is highly expensive option being considered.
The comparison shall reveal that where ordinary car insurance has monthly expenditure range of about $380 to $880 the International Car Insurance can steeply jump to the range of minimum $10,000 to maximum $45,000.
Seeking the International Car Insurance Coverage:
The importance of International Vehicle Insurance is not insignificant to be done away with, by seeing the exorbitant cost factor involved, which can prove more costly. It is vital to seek insurance cover while traveling abroad to remain protected from situations of serious consequences.
It should be considered as investment in safety of the investment already done in the vehicle. Since International Insurance is mode of getting back investment in car payment in case the vehicle being traveled in gets damaged or suffers theft and becomes untraceable in the foreign land. The more details are readily available from the insurance provider agent.
There are specific international insurance companies, which offer their services in getting international vehicle insurance, which the local companies are unable to provide and also they are not in a position to pay the damages and losses occurred in a foreign land because of their jurisdiction limits applicable by law.
Moreover one needs to have a permit for the vehicle to enter in foreign land and international auto insurance which satisfies the related rules and regulations of the land, which are different in different countries and are not uniform.The additional option, which one can get being essence of international auto insurance relates to passenger insurance. It can be a useful option in a situation if one is traveling in a Commercial Taxi and the local laws do not stipulate the condition requiring the Commercial Taxi driver for taking insurance cover so as to provide for the damages of passenger traveling in the taxi getting affected with accident related injury.
Situations Necessitating Own Car for Travel in Foreign Land:
There are situations calling for travel to neighboring countries by car on professional assignments or traveling for leisure far from the home land for an escape from boring never ending routines of occupation, there is bare necessity of international vehicle insurance to enjoy trip abroad as well as maintain peace of mind because some one is there to protect from unimaginable losses of high magnitude.
In the absence of International vehicle insurance there can be levy of heavy penalties and booking of traffic offences by the local administration.
Backdrop Scenario of International Travel in Own Vehicle:
The scenario of International travel by own car seems to be due to the fact, it takes time to be familiar with the arrangement of the public transport and a person, who is on a short visit, is not in a position to accomplish the tasks for which the foreign visit has been planned. A missed meeting without own vehicle can turn into a futile foreign trip.A family traveling in a foreign land on pleasure trip is habituated to traveling in own automobile and feels very inconvenience and uncomfortable in availing public transport. The pleasure trip can be unpleasant without own automobile traveling in foreign land.
The local transport definitely lacks reliability, which the local people are accustomed to, whereas some one foreign land feels very odd to face the out of order local transport arrangement. Hence there is necessity of own vehicle.You might find that it is of great convenience in traveling by commercial Taxi Service, but many countries do not require their commercial Taxi drivers for provide insurance covering injuries to the passenger when there is an accident.
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