Insurance advice issued to emigrants

Insurance advice has been offered to protect those making international money transfers.

Shelter Offshore recently published tips that can help emigrants begin their new lives abroad.

The financial advisor explained that Britons who have made international money transfers and bought assets that are located internationally should ensure they have adequate insurance.

Moving abroad can be a stressful time and many Britons can forget to take out policies that protect their investments.

This means that investors may hurriedly purchase insurance following an event and they are at risk of paying significantly more for their premiums.

"The vast majority of expats are not only spending more than they need to on insurance, but that they don't even necessarily have the right type," said the company.

Instead, emigrants are advised to shop around for deals soon after they move abroad.

Other tips include finding a policy that offers a reasonable excess and can be paid off in full rather than in instalments, as this may cut costs.

Write About Property recently suggested Turkey as a safe country to in which to make international money transfers due to its stable currency.

Click here to make an International Money Transfer

By Linsey Summers