Expats are shopping around even more for their international PMI coverage

Over recent years budget airlines and the once strong Pound have encouraged tens of thousands of Britons to buy second properties abroad, or simply decide a life in the sun is possibly better than a life of congestion, taxes and traditional British weather. This has led to some very large British expatriate centres of population being created around the Mediterranean, and in the US and Asia.

Since the credit crunch, life in the sun has come progressively harder for expats. However, to protect policyholders from wild fluctuations in exchange rates during the policy year, many international PMI providers will have a fixed “conversion” rate between the major currencies for benefits and premiums.

Long-term changes in exchange rates can have dramatic effects on an expats monthly income and expenditure. Globally, expats are shopping around even more for their international PMI coverage, with many considering limiting benefits or switching providers at renewal to reduce premiums.

Expats often prefer to buy from a British, Financial Services Authority-regulated professional PMI intermediary rather than from their local insurance salesman.

For those concerned about the costs of living abroad, April Medibroker specialise in providing international health insurance to clients living abroad or working abroad to both choose and place the right international health insurance products, to suit their expat medical insurance needs and budget.

Telephone: +44 (0) 191 296 6140 or visit medibroker.com Our quotes, pack service and advice are without charge.