International mortgage customers should take out insurance

Mon, 15 Aug 2011
Families looking into international mortgages to help their kids get an education abroad might be wise to invest in insurance.

This is the advice of ThirdYearAbroad.com - a firm specialising in providing information to those living and studying abroad.

It noted that covering yourself should help "avoid any shock expenses" whether buying or renting a property overseas.

Founder Lizzie Fane explained that it is better to be safe than sorry when living in a different country.

"The year abroad is exciting and entirely unpredictable, but one thing that can be prepared for is dealing with the financial implications of a medical emergency, causing an accident, or the loss or theft of valuable possessions, by buying insurance," she said.

"Choosing a policy which offers cancellation cover will waylay the expense of unforeseen strikes and delays before and during travel."

ThirdYearAbroad.com recently launched an insurance product for its users, which offers those living abroad during their degree course some peace of mind.
 
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