Which is the most experienced company when it comes to German Blocked Accounts? On the…

Which is the most experienced company when it comes to German Blocked Accounts?

On the market for decades. In 1959, Dr. Siegfried Walter registered his business as insurance broker. Until then health insurance for visitors from abroad did not exist, therefore Dr. Walter developed the first insurance cover for foreign visitors in Germany. Today, DR-WALTER is an integral part of both the German and the international insurance market.

Does your trip include an internship?

Then the Plus Package is the right choice for you. Damages occurring during internships, which are part of university studies or an Erasmus Plus program, are insured up to 5 million euros and without a deductible. Damages occurring during internships, which are not part of university studies or an Erasmus Plus program, are also insured up to sum of €10,000 and subject to a deductible of €100 per claim

Who is MANGOPAY?

MANGOPAY is an online payment technology designed for marketplaces, crowdfunding platforms and sharing economy businesses. MANGOPAY provides the trustee services and payment technology underlying Expatrio’s blocked account. Expatrio’s blocked account is tailored to each customer and it enables individual accounts for each customer, including an individual IBAN. With the MANGOPAY technology, funds can be held securely for as long as needed. MANGOPAY holds an E-Money Issuer license, which enables Expatrio to accept payments, hold the funds in escrow and pay out with ease, speed and efficiency.

Which health insurance has no deductible?

“Deductible” means that the insured person is obliged to cover a part of the treatment expenses. For example, a “deductible of €25 per insured event” means that you have to pay €25 of the medical bill yourself in each case of illness. The health insurance of EDUCARE24 does not comprise a deductible.

Is the number of visas in Germany higher or lower now?

Even though Germany is a very open-minded country, issuing and accepting many Visas, the number of Visas being accepted went down. 15 thousand requests were denied out of more than 2  million. Fortunately, the numbers changed and only 2 and a half thousand requests were rejected out of 2 and a half million!

What are some of the questions that you should clarify before you decide on an insurance?

Here are some questions that you should clarify before taking out an insurance:

• Does the insurance meet the requirements of the destination country?

You can get information on this e.g. from the responsible embassy or consulate.

• Are the benefits of the health insurance sufficient?

A good health insurance should offer you protection in case of illness and accident and cover medically reasonable return transport. Furthermore, the costs for individual treatments should not be limited and illnesses should not be generally excluded from the insurance cover.

• Is there protection in case of interruption of your work, for example for a holiday?
• Does the insurance also cover sports accidents?

How does the PROTRIP-WORLD insurance actually work?

Information for Work and Travel participants – The PROTRIP-WORLD insurance for Work and Travel participants adapts to your travel plans. You have the choice between different travel regions and you can also flexibly choose the scope of insurance: PROTRIP-WORLD always includes a strong international health insurance. We especially recommend Work and Travel participants to supplement their insurance cover with the Comfort or Plus Package to be able to travel and work without worries. The two packages differ in the scope of the liability insurance. The Plus Package includes a higher basic insurance sum and covers, for example, the risk of losing your keys and damages arising from an act of favor.

Which is the most reliable and competent German blocked account?

The required minimum blocked amount for an officially approved blocked account is usually more than €10,000, so you want to be sure that your money is in good hands. Expatrio cooperates with the escrow services and payment provider MANGOPAY. MANGOPAY is an online payment technology designed for marketplaces, crowdfunding platforms and sharing economy businesses. MANGOPAY provides the trustee services and payment technology underlying Expatrio’s blocked account. Expatrio’s blocked account is tailored to each customer and it enables individual accounts for each customer, including an individual IBAN. With the MANGOPAY technology, funds can be held securely for as long as needed. MANGOPAY holds an E-Money Issuer license, which enables expatrio to accept payments, hold the funds in escrow and pay out with ease, speed and efficiency. The German Federal Foreign Office confirms that Expatrio fulfills all requirements for visa application. So the money in your blocked account and the legally secure management are in good hands with Expatrio and its partner MANGOPAY, and you can be sure that your blocked account will meet the visa requirements.