Frequent travel is commonplace in today's global society, whether it's for business or pleasure. There are added benefits to some home insurance policies that will offer coverage in other countries, and many policy holders are not well informed about this.
You may have an international trip planned. Or you're a snowbird, heading to Arizona for the winter. What about all the stuff you're taking with you - luggage, camera, golf clubs? In a case where some or all of these items are lost or damaged, do you know if your home insurance plan protects you? Baggage coverage doesn't come cheaply, so refer to your home insurance policy first to see if your luggage is covered before paying extra money in this area, as it can make travel insurance more costly as well. The result could be a savings to you, and it will likely also cover these items while you're in your home country as well.
Personal items that are taken out of the home on a temporary basis are already covered by the majority of home insurance policies. If you cause damage to someone else's property or cause them personal injury in another country, there is a good chance that your home insurance policy covers the cost of the damages.
The kinds of losses that home insurance would protect against:
You find yourself in the mountains in Switzerland, and your camera goes tumbling off the cliff just as you line up for the perfect photo. Protected or not? If you have a comprehensive home insurance policy, you'll have coverage for the lost camera, subject to your deductible, no matter where in the world you lose it!
You're spending a month in Hawaii, and accidentally hit someone in the head with your surfboard. Insured or not? Your home insurance policy has liability insurance included as part of it, and this would provide protection to you if you caused another person personal injury in another country, and are held liable for their injuries.
You just finished golfing the game of your life. And are having a celebratory drink in the clubhouse. When you come out, someone has stolen your golf clubs. Insured or not insured? Your insurance company will review your claim, as it is part of your person property that is always covered. Sporting goods such as golf clubs may not be fully covered, so be sure to check your policy closely. Be sure to ask your insurance provider to increase your insurance coverage in case of an event like this.
Your family is enjoying a California coast trip in your recreational vehicle. While you're out walking on the dunes, someone breaks into your RV and steals your laptop and rips the flat screen tv off the RV wall. Covered or not covered? Since your laptop was only temporarily taken out of the home, your home insurance policy will most likely provide protection here. The TV, on the other hand, was attached to the RV, so would need to be claimed under your RV policy.
Having knowledge that your home insurance policy offers you protection as you vacation provides you some peace of mind.
You may have an international trip planned. Or you're a snowbird, heading to Arizona for the winter. What about all the stuff you're taking with you - luggage, camera, golf clubs? In a case where some or all of these items are lost or damaged, do you know if your home insurance plan protects you? Baggage coverage doesn't come cheaply, so refer to your home insurance policy first to see if your luggage is covered before paying extra money in this area, as it can make travel insurance more costly as well. The result could be a savings to you, and it will likely also cover these items while you're in your home country as well.
Personal items that are taken out of the home on a temporary basis are already covered by the majority of home insurance policies. If you cause damage to someone else's property or cause them personal injury in another country, there is a good chance that your home insurance policy covers the cost of the damages.
The kinds of losses that home insurance would protect against:
You find yourself in the mountains in Switzerland, and your camera goes tumbling off the cliff just as you line up for the perfect photo. Protected or not? If you have a comprehensive home insurance policy, you'll have coverage for the lost camera, subject to your deductible, no matter where in the world you lose it!
You're spending a month in Hawaii, and accidentally hit someone in the head with your surfboard. Insured or not? Your home insurance policy has liability insurance included as part of it, and this would provide protection to you if you caused another person personal injury in another country, and are held liable for their injuries.
You just finished golfing the game of your life. And are having a celebratory drink in the clubhouse. When you come out, someone has stolen your golf clubs. Insured or not insured? Your insurance company will review your claim, as it is part of your person property that is always covered. Sporting goods such as golf clubs may not be fully covered, so be sure to check your policy closely. Be sure to ask your insurance provider to increase your insurance coverage in case of an event like this.
Your family is enjoying a California coast trip in your recreational vehicle. While you're out walking on the dunes, someone breaks into your RV and steals your laptop and rips the flat screen tv off the RV wall. Covered or not covered? Since your laptop was only temporarily taken out of the home, your home insurance policy will most likely provide protection here. The TV, on the other hand, was attached to the RV, so would need to be claimed under your RV policy.
Having knowledge that your home insurance policy offers you protection as you vacation provides you some peace of mind.
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