As per my understanding each individual is required to hold a travel insurance of 30,000 Euro for the process of application for a Schengen visa.
However, The travel insurance that I have purchased is a couple insurance for a total of 50,000 USD (approx 46,000 EUR). When me and my wife applies for a schengen visa, can we both submit the same insurance proof or do I have to buy another separate insurance for my wife ?
The insurance that we have purchased states both of our names on the same page.
Should I apply for a visa directly by taking a chance and in case they find it short, will they straight away reject the visa or allow me to buy another insurance ?