Are you planning to take part in the Erasmus+ programme and embark on a study adventure abroad? Congratulations on your decision! Studying in another country can be a fantastic experience, and Erasmus+ is an excellent way to make it happen.

However, before you step out of your home, there is one critical thing that you should consider: insurance. In this article, we will guide you through the essential things you need to know about insurance for Erasmus students.

What is Erasmus+?

Erasmus+ is a European Union funded programme designed to support education, training, and youth development across Europe. Each year, thousands of students participate in the programme, spending up to a year studying or working abroad.

Why Do Erasmus Students Need Insurance?

While studying abroad, you may encounter unexpected situations, including illnesses, accidents, or any other issues. Without insurance, you could face the high costs associated with these incidents.

Furthermore, some EU countries require proof of health insurance coverage as a condition of entry.

What Types of Insurance Do Erasmus Students Need?

Erasmus students are required to have three types of insurance:.

Health Insurance

EU citizens travelling within the EU can use the European Health Insurance Card (EHIC) to receive medical treatment. It’s recommended that Erasmus students obtain an EHIC before leaving and to check that it is valid throughout their entire stay.

If not, some countries provide a similar public insurance system to EU citizens, but you have to register for it upon arrival. Non-EU students, on the other hand, should obtain private health insurance before leaving.

Travel Insurance

Travel insurance is essential for Erasmus students, especially if they plan to travel outside of their host country. Travel insurance covers a variety of issues, such as flight cancellations, lost or stolen luggage, and medical emergencies.

Purchasing an insurance policy with coverage in both the host country and any countries they will be traveling to is recommended.

Third-Party Liability Insurance

Third-Party Liability Insurance covers damages that Erasmus students may cause to someone else’s property or person. Depending on the country, the insurance may be provided free of charge or included in the room rental contract.

Where Can You Purchase Insurance?

There are many insurance providers that specialize in coverage for students studying abroad. It is essential to take the necessary time to research and purchase a plan that meets your specific needs.

In addition, many Erasmus students choose to purchase insurance from their home country before venturing out. However, it is critical to ensure it will be valid in the host country and any countries they plan to visit.

What to Consider Before Purchasing Insurance?

When purchasing insurance, be thorough and considerate of what you need. The same policy may not be suitable for every student, so review your needs and evaluate the coverage options.

Keep in mind that while some policies may seem inexpensive at first, they may have hidden costs or lack of coverage that could cost you more in the long run. Always take the time to read the policy terms and conditions thoroughly and ask for clarification if needed.

How Much Does Insurance Cost for Erasmus Students?

The cost of insurance varies depending on the provider, the level of coverage and the length of your stay. On average, Erasmus students can expect to pay between €50 – €150 for insurance per month.

When Should You Purchase Insurance?

It is advisable to purchase insurance as soon as you have confirmed your trip plans. Most policies have a waiting period and will not provide coverage for an incident that occurs before the policy effective date.

In addition, ensure that the policy covers the entire duration of your stay and consider purchasing insurance with coverage for an extra week or two after your planned departure from the host country in case of any unforeseen delays.

Conclusion

Studying abroad is a thrilling experience, but it also involves a lot of preparation. As an Erasmus student, it is essential to ensure that you have the right insurance coverage.

Health, travel, and liability insurance are all critical components of keeping yourself secure should an unfortunate event occur. When purchasing insurance, always take the time to read the policy terms and conditions and evaluate your coverage needs.

It’s equally crucial to purchase insurance as soon as possible and ensure that it covers you throughout the duration of your stay.