Will Travel Insurance Cover Lost Items? -Traveling abroad can be a rewarding and life-altering experience. It usually brings positive experiences, as it broadens our horizons as we learn from other places and cultures.
Amid all the excitement that travel brings, it has a dark side. There is always the possibility that unforeseen events can occur while you’re traveling. One of the things that could put a damper on your trip is losing valuables. Whether you travel on business or a family vacation, you must bring valuables such as tablets, laptops, jewelry, leather bags, and cameras. If these items are lost or stolen, will be able travel insurance to cover these valuables?
Here are some important tips on travel insurance for valuables:
Although not part of the standard travel insurance policy, you can get additional coverage for your valuables and other electronic components to protect them from being lost, stolen or damaged. You can hold it easily with your travel insurance provider. As you fill out the form of insurance coverage, you must specify the make, model, age of the product and the serial number of each value.
The policyholders the opportunity to increase the coverage of valuables such as audio, video, computer, photographic and electrical equipment. They can also opt to cover valuables such as laptop watches and jewelry.
You can get coverage for the following:
Most travel insurance policies specify the total amount of coverage with a single limit of the element. The policy holder has the option to increase coverage to a specified additional amount by the insurance company.
If you file a claim on valuable lost remember that insurers generally pay the current value of the item.
This means they will not pay for the value of the item when you bought it, but the value of second-hand. However, there is generally no depreciation applied to some items of great value. You just need to show the receipt with the purchase price when you need to claim.
Travel insurance companies will not pay your claim if you are proven to be negligent or act irresponsibly with your valuables.
- You will not be covered in these situations:
- If your belongings were unattended.
- If the items are not reported as lost within 24 hours.
- If the item does not have proof of purchase.
- If the effects were left unattended in a vehicle – be it a boat, motorcycle or car.
When alcohol and drugs are a contributing factor to the loss of property.
Get extra insurance values is beneficial for travelers as it gives them peace of mind knowing that their valuables are covered. If ever any accidents or losses occur during the trip, it will be relatively stress free for them.
So when you plan to pack an expensive item on your trip, remember to have proof paper copy of the item and check the total price of your packed luggage. Be safe, be organized, and above all, make sure you have fun.