Humanity around the world is more connected than ever before, and because of this, personal and business travel is increasing dramatically. A lot of people are not aware that they can be protected around the world, in a wide variety of ways, by their home insurance policy.
You may have an international trip planned. Snowbirds are people who spend their winters in a warmer climate, you may be included in that group. Your favorite golf clubs, clothing and accessories, and laptop are going with you, and these carry considerable value. If there is a theft or damages to your personal property on a trip, does home insurance offer any protection? Baggage cover 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. This can be a cheaper option, and may also provide cover if, say, your handbag is lost or stolen in your country of origin.
When personal possessions are removed temporarily from the home, most home insurance policies still provide protection for these items. Liability coverage for personal actions worldwide is usually covered by home insurance policies, which protects you if you cause someone injury or damage their property.
The kinds of losses that home insurance would protect against:
You fly to Italy, and accidentally drop your camera in the canal while going for a gondola ride. Would this be covered? For those who have purchased comprehensive home insurance, the camera will be replaced no matter where it is lost, after you pay the required deductible.
If you are careless when carrying your surfboard on your Hawaii trip, you could cause another person on the beach a serious injury. Covered or not covered? If you have a good home insurance policy, you would be protected from a lawsuit resulting from injuring a person in another country, due to the liability insurance that is included.
You just finished golfing the game of your life at St. Andrews in Scotland, and are having a celebratory drink in the clubhouse. When you exit the clubhouse, your golf clubs are nowhere to be found. Covered or not covered? Your policy protects your personal items worldwide, so they will go over your claim. There are limits for certain types of property such as sports equipment, so stolen or lost golf clubs may not be fully protected. Be sure to ask your insurance provider to increase your insurance coverage in case of an event like this.
With your RV all packed up, you drive up the California coast for some vacation time. Your RV is broken into as you are out adventuring, and your laptop is taken, and your vehicle's flat screen is removed from the wall. Will these be protected by insurance? Your laptop should be covered by your home insurance policy, as it is an item "temporarily removed" from your principal residence. Items attached to the RV such as your flat screen will be covered by the vehicle's insurance policy, not your home insurance.
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. Snowbirds are people who spend their winters in a warmer climate, you may be included in that group. Your favorite golf clubs, clothing and accessories, and laptop are going with you, and these carry considerable value. If there is a theft or damages to your personal property on a trip, does home insurance offer any protection? Baggage cover 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. This can be a cheaper option, and may also provide cover if, say, your handbag is lost or stolen in your country of origin.
When personal possessions are removed temporarily from the home, most home insurance policies still provide protection for these items. Liability coverage for personal actions worldwide is usually covered by home insurance policies, which protects you if you cause someone injury or damage their property.
The kinds of losses that home insurance would protect against:
You fly to Italy, and accidentally drop your camera in the canal while going for a gondola ride. Would this be covered? For those who have purchased comprehensive home insurance, the camera will be replaced no matter where it is lost, after you pay the required deductible.
If you are careless when carrying your surfboard on your Hawaii trip, you could cause another person on the beach a serious injury. Covered or not covered? If you have a good home insurance policy, you would be protected from a lawsuit resulting from injuring a person in another country, due to the liability insurance that is included.
You just finished golfing the game of your life at St. Andrews in Scotland, and are having a celebratory drink in the clubhouse. When you exit the clubhouse, your golf clubs are nowhere to be found. Covered or not covered? Your policy protects your personal items worldwide, so they will go over your claim. There are limits for certain types of property such as sports equipment, so stolen or lost golf clubs may not be fully protected. Be sure to ask your insurance provider to increase your insurance coverage in case of an event like this.
With your RV all packed up, you drive up the California coast for some vacation time. Your RV is broken into as you are out adventuring, and your laptop is taken, and your vehicle's flat screen is removed from the wall. Will these be protected by insurance? Your laptop should be covered by your home insurance policy, as it is an item "temporarily removed" from your principal residence. Items attached to the RV such as your flat screen will be covered by the vehicle's insurance policy, not your home insurance.
Having knowledge that your home insurance policy offers you protection as you vacation provides you some peace of mind.
About the Author:
For further details, please visit square one insurance, or if you're a first time home buyer visit www.squareoneinsurance.ca.
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