Many people are busy and need assistance, as deciding to move abroad can be risky and exhilarating. Getting your checklist sorted out before the move can be lengthy and overwhelming but a global relocation assistance service can reduce stress in the planning process. It’s a big commitment as there is a lot to prepare to relocate successfully! There are many reasons why an individual would choose to relocate whether it’s to enhance a career, maintain a new lifestyle, take an opportunity, and so forth. As the checklist to move overseas can be lengthy, here are some of the first things to consider for a successful move abroad!
Insurance
There are a few categories within insurance to browse once you’ve decided to move abroad. Insurance by definition is a service you usually pay monthly or yearly to protect you from any financial loss. It is a type of risk management, primarily used to work against the risk of an accident or uncertain loss. Here are the types of insurances you will need if applicable for relocating:
Travel Insurance
Travel insurance is designed to protect one from certain kinds of unexpected occurrences before or during a trip. Unlike auto insurance, paying for travel insurance is completely up to you, but it will give you fewer things to worry about during your international move.
Things to consider for travel insurance include:
- medical emergencies
- trip cancellations
- trip interruptions
- delays
- medical evacuations
- lost, damaged, or stolen luggage
Home Insurance
Also known as homeowner’s insurance, home insurance will provide you with financial protection in case a disaster or accident occurs involving your home.
Standard Home Insurance: When living in a home, your home’s structure and your belongings will be covered if a destructive event like a fire takes place.
Condo or Apartment Home Insurance: When living in a condo, apartment, townhouse, etc., your belongings, liability, and certain parts of the interior structure (defined in the by-laws or proprietary lease) would be covered.
Health Insurance
Health insurance is another coverage that is very important. With health insurance, your medical, surgical, prescription drugs, and sometimes dental is covered.
Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. This type of insurance is sometimes included in employer benefit packages as a means of enticing quality employees, with rates partially covered by the employer but often also deducted from employee paychecks.
Pet Insurance
Pet insurance is also known as veterinary health insurance which covers veterinary care to keep your pets healthy. Pet parents who have insurance can go to the vet in confidence and get their pets the treatment they need without having to worry as much about the costs.
Auto Insurance
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your monthly payment, the insurance company agrees to pay your losses as outlined in your policy. Auto insurance provides coverage for:
- Property
- Liability
- Medical
Basic auto insurance is mandated by most US states, and laws will vary. Auto insurance coverages are priced individually to give you the option to customize coverage amounts to suit your exact needs and budget.
Home Search Services
Looking for a place to live in a new country before you arrive can be tricky. Most times when an individual is actively searching for a new home to own, they will connect with a realtor who specializes in finding properties/homes for their client specific to your criteria. Hiring a realtor comes with a price, but thankfully there are other resources out there to successfully find your next home whether it is a house, condo, apartment, etc.
CPA Phone Consultation
A CPA is a Certified Public Accountant and having a phone consultation is important for understanding the tax implications when moving to a new country. If you aren’t familiar with what accountants do, they are professionals who are responsible for keeping and interpreting financial records. Most accountants will manage a wide range of finance-related tasks, either for individual clients or for larger companies and organizations employing them!
Pet Relocation
If you currently have a pet, you will need to set up pet relocating plans! Transporting your pet involves many tedious steps, so it’s important to have a professional team safely transport your pet to your new home abroad.
Household Items Shipping
A lot of times people moving abroad will sell and leave their household items behind and only take their important items. For those who decide to bring their household items, there are plenty of companies that take care of your items that will meet you at your new home.
