The world is more connected than ever before, and because of this, personal and business travel is increasing dramatically. 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. Snowbirds are people who spend their winters in a warmer climate. What about all the stuff you're taking with you - luggage, camera, golf clubs? If there is a theft or damages to your personal property on a trip, does home insurance offer any protection? Before you pay for expensive baggage coverage, which can bump up the cost of travel insurance, check whether your bags can be covered on your home insurance policy. This can be a cheaper option, and may also provide coverage if, say, your handbag is lost or stolen in your country of origin.
Personal items that are taken out of the home on a temporary basis are already covered by the majority of home insurance policies. Home insurance policies also give you liability coverage for your personal actions anywhere in the world, if you unintentionally cause damage to another person or their property.
Typical times that your home insurance would cover loss or damages:
You're enjoying a spectacular view from a stone bridge in Scotland, and your camera slips out of your hands and falls in the river. Covered or not covered? 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. 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. And you join your fellow golf enthusiasts in the clubhouse for a few pints. When you exit the clubhouse, your golf clubs are nowhere to be found. Covered or not covered? Your insurance company will review your claim, as it is part of your person property that is always covered. However, golf clubs are considered "sporting goods", and may be limited on some policies. Your insurance advisor will help you acquire adequate insurance to cover you in these scenarios.
You take your RV and drive to the California coast. 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. Snowbirds are people who spend their winters in a warmer climate. What about all the stuff you're taking with you - luggage, camera, golf clubs? If there is a theft or damages to your personal property on a trip, does home insurance offer any protection? Before you pay for expensive baggage coverage, which can bump up the cost of travel insurance, check whether your bags can be covered on your home insurance policy. This can be a cheaper option, and may also provide coverage if, say, your handbag is lost or stolen in your country of origin.
Personal items that are taken out of the home on a temporary basis are already covered by the majority of home insurance policies. Home insurance policies also give you liability coverage for your personal actions anywhere in the world, if you unintentionally cause damage to another person or their property.
Typical times that your home insurance would cover loss or damages:
You're enjoying a spectacular view from a stone bridge in Scotland, and your camera slips out of your hands and falls in the river. Covered or not covered? 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. 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. And you join your fellow golf enthusiasts in the clubhouse for a few pints. When you exit the clubhouse, your golf clubs are nowhere to be found. Covered or not covered? Your insurance company will review your claim, as it is part of your person property that is always covered. However, golf clubs are considered "sporting goods", and may be limited on some policies. Your insurance advisor will help you acquire adequate insurance to cover you in these scenarios.
You take your RV and drive to the California coast. 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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