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In today’s world-wide marketplace, businessmen need to conduct transactions and address business concerns regarding foreign countries, requiring trips and accommodations abroad as an accepted part of their work. International visits can be short or extended, depending on the reason for the visit. Longer stay, of course means more expensive and more extensive living arrangements, commodities, and also the purchase of international insurance. For shorter visits you may also need a new insurance.
It’s important to procure proper insurance, such as international auto insurance, when your current insurance company won’t cover you abroad.
Most people, especially working people, consider personal transportation to be a necessity. These people do not want to squander time or money by utilizing unfamiliar local transportation that is not covered under insurance and cannot ensure protection. If you are renting an auto, buying a vehicle, or moving your own car to a different country, you will definitely need the right car insurance to cover the whole process, which based on the local driving law and regulations on insurance.
Even though coverage requirements and laws are different for each country, you can easily purchase quality international auto insurance. You can purchase additional coverage in the country you are traveling to.
Although, while being abroad, international auto insurance will normally provide you with enough coverage, some countries, like Mexico for example, require you to buy a specific insurance in the country itself.
You should also get additional international auto insurance as a vehicle passenger, which you will most likely find yourself as at on point or another, especially those that will cover medical costs in cases of accidents or personal bodily injuries. Taking a cab can end up costing a lot more than just the fare and tip in some nations. There are many countries, like Korea, which do not require limousine or cab companies (or anyone else for that matter) to carry insurance on the passengers. This means, that if you are the passenger, in an event of an accident the driver is not required to pay for your medical expenditures. It is best to additional insurance as a passenger just to be safe.
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Source: http://ezinearticles.com/?International-Auto-Insurance-USA—How-to-Find-Auto-Insurance-For-International-Travelers&id=1264114
