International Liability Insurance More Important Than Personal Effects Coverage
In a recent survey of expatriates we find that for those that looking into international property insurance and international liability insurance, it's protecting their property that made them investigate insurance solutions. Most expatriates seem to ignore the global liability protection?
At International Property Insurance Group we feel that international liability is far more important than protecting international personal effects, although of course we feel both are important. What's more, international liability insurance is very inexpensive.
No one wants to have a $40,000 uninsured loss to property because of fire or smoke damage, or because there was a fire in the neighboring apartment but this loss does not have the potential to ruin your life. A $1,000,000 lawsuit where you carry no international liability insurance on you and your family can bring financial ruin.
Again, do not expect your employer can step in and pay a personal claim, no matter how important your expat assignment is. Even if you flee the country to avoid the suit, and there may be no way the "judgement" can find you back in your home country, this could cost you your job and your career. Employers expect employees to properly protect themselves and their families for overseas property insurance and global liability.
Labels: expatriate assignment, global liability, international liability insurance, International Property Insurance, overseas property insurance

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