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Expatriate Insurance News: Expats advised to mitigate risks in advance

Expatriates have been advised to mitigate the risks involved in moving overseas in advance.

Paul Collins, editor at the BuyAssociation, said that the risks "really are the same the world over" when buying an overseas property.

Indeed, he explained, investments can go down as well as up and political and social situations are liable to change.

"Many of these things are signalled in advance, so with good research and careful research a lot of these things can at least be prepared for and mitigated in advance," he remarked.

Taking out expatriate health insurance is another way of mitigating the risks involved in relocating abroad.

The advice comes as research from HiFX has suggested that expatriate pensioners and baby boomers are struggling with the financial pressures of the economic downturn and are returning to their country of origin because of this.

Moving abroad? Get a free quote for your international medical insurance online.

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