Yes, travel insurance is a mandatory requirement when applying for a Schengen Visa. It is a vital component of the visa application process and is considered a must-have document. The purpose of travel insurance is to ensure that applicants have adequate medical coverage and financial protection during their stay in the Schengen Area.
Schengen countries require applicants to provide proof of travel insurance that meets specific criteria, such as a minimum coverage amount, coverage for medical expenses, emergency medical evacuation, and repatriation of remains. The insurance should also cover the entire duration of the intended stay and be valid for all Schengen Area countries.
The travel insurance requirement is in place to protect applicants and ensure that they are financially prepared to handle any unforeseen circumstances, such as medical emergencies or accidents, during their visit. It also serves as a safety net for the host country, as it helps alleviate any potential financial burden on their healthcare system.
It is important to note that not having adequate travel insurance that meets the Schengen Visa requirements can result in the rejection of your visa application. Therefore, it is crucial to obtain appropriate travel insurance and submit the necessary proof along with your visa application.