Are You Protected Against Damaged Valuables?

Travelling abroad can be an enriching and life-changing experience.

While it is not advisable to bring many expensive things on a trip, there are a few valuables that you must bring in order to make life easier for you while you are travelling.

These are not merely superfluous items, but necessary things that will make travelling more comfortable and less stressful. Some travellers such as photographers and videographers also need to bring valuable equipment because they are needed for a job that they need to do.

These valuable items may be laptops, mobile phones, iPads, video cameras, and cameras.

Cover for Damaged Valuables

The question is will your travel insurance cover damaged valuables and gadgets? The answer to that is it depends on how it is damaged.

Many standard policies specify that if your valuable gets damaged by your carriers such as your airline or tour operator, you travel insurance should cover it. Many insurance providers also specify the amount of coverage for each damaged item.

The average coverage cost of a good travel insurance provider should be around $2,000.

However, if you break your phone by accidentally dropping it or if your camera is damaged while you’re out sightseeing, standard travel insurance will not cover it.

Additional Cover for Valuables

You can have additional cover for valuables when you request for it.

It requires you to pay an additional premium, but it will give you peace of mind that your valuables are protected while you’re travelling.

When you choose to add cover for your valuables, you usually need to specify its make, model, age, serial number and value in US dollars.

When you have additional insurance coverage for your valuables, you will be reimbursed with its current value just in case you need to make a claim.

Travel Insurance Claim for Damaged Valuables

What do you need to show the travel insurance company just in case you need to make a claim for damaged valuables?

Proof of Loss requirements are often difficult to fulfil. You need to thoroughly read and understand your policy in order to satisfy their requirements so that you are able to reimburse your damaged item.

First, you must report the damage or loss to the police or nearest authority in the area within the first 24 hours.

Next, you need to make sure that you provide the insurer with a clear copy of the written report.  You also need to make sure that the written report is certified by the police. Also, do not forget to contact the insurer and make the claim within a month or 30 days of returning home.

You would also need to explain the damage to an insurance investigator provided by the insurer. Last, you need to complete a proof of loss report form to be returned to the insurance company within a month or 30 days.

It may be tedious and difficult, but nothing beats having the peace of mind knowing that your valuables are covered just in case they are damaged while you are travelling.

This is a collaborative post.

Fancy checking out another post? Just click here!

Pin it!