Nowadays, it’s pretty inconceivable to imagine travelling without our mobile phones. They keep us in touch with friends, family and, if you’re on a business trip, with the office. They’re also great for snapping selfies and other holiday pics and keeping up to date on social media. Laptops, too, are another key piece of portable tech that the travelling businessperson couldn’t do without. So, whether you’re travelling for business or pleasure, it’s safe to say that keeping these, and other, high-value items safe is a number one priority. But what if the worst happens? What happens if they are damaged or stolen? This is why it’s so important to make sure you know all about insuring personal valuables ahead of departure/travelling.
Travel insurance differs from country to country and policy to policy. You can take out a standard policy, or choose to add specific, high-value items for added peace of mind. If, for example, you plan to propose to your girlfriend while on holiday, you might want to take out extra cover for the ring, in case the unthinkable happens.
Most standard travel insurance policies cover you against lost luggage or cancelled flights, and will also pay out a certain amount if personal items – such as tablets, phones, cameras or laptops – are lost, stolen or accidentally damaged. There is usually, however, a limit to how much you can claim in these incidents, so it’s important to read your policy’s terms and conditions carefully. In addition, insurers usually insist on a police report in the case of an item being stolen, so make sure you obtain one within 24 hours of the theft occurring.
If you’re heading off somewhere exciting to celebrate a milestone birthday or anniversary, you might want to consider additional coverage for gifts bought or received while away that you didn’t have when you left home. If necessary, contact your broker while you’re away and add additional high-value items to your travel insurance policy.
At the end of the day, the practice of insuring valuables while travelling gives you peace of mind so you can enjoy your holiday without worrying about your phone or camera.
If you’d like a little straight, honest advice on how best to insure your valuables before your next trip, chat to one of our knowledgeable and experienced brokers.