Understanding Insurance Issues

Government Sending You Overseas? Why You Need DBA Insurance

Government workers who are sent to work on foreign bases have a lot to take care of before they leave for the other country. Life on foreign soil can oftentimes be completely different from the way that things were handled when living in domestic territory. The switch comes with lots of benefits but several risks as well. If you want to guard yourself against the potential risks that await you in the new place find out why you should purchase Defense Base Act (DBA) insurance.

DBA Insurance Offers Little-Known Protections

Medical, vision and dental insurance coverages are the norm in nearly any part of the globe. You probably already have these protections and plan to keep them when you move to the new country.

What you need to keep in mind is that some of the risks that you will face after your move might be things that you never think about when you are still in the States. For example, the risk of being kidnapped and held for ransom might go up exponentially depending on which country you plan to move to. Wouldn't you feel much more peace of mind if you knew that you could purchase a policy that would include the kind of coverage which would pay a ransom that was being charged for you to gain your freedom? A DBA insurance policy includes this protection and so much more.

Get Your Benefits Paid In Local Currency

There can sometimes be a big difference in the exchange rate of each country's currency. If you happen to get into an accident and need to receive a payout from the Medical Payments portion of your insurance policy, the amount you receive could be a lot less than what you were hoping for if you don't receive the payout in local currency.

When you have DBA insurance and need to make a claim you can count on the money being given to you in local currency. No need to find a money conversion center or worry about missing out on some much-needed funds because your home country's currency isn't highly valued in the country that you have moved to.

Purchasing a DBA insurance policy is just one way for you to get started on the right foot in your new place of residence. Purchase your policy and keep it in a safe place so you'll be able to find it quickly should you need to make a claim.