Frequent travel is commonplace in today's global society, whether it's for business or pleasure. You may be surprised to learn that your home insurance provides worldwide protection for many of the things that you wouldn't expect it to cover.
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? Travel insurance costs can go up when someone pays for baggage coverage, so look into whether your home insurance policy will cover you before choosing that option. This can be a cheaper option, and may also provide coverage if, say, your handbag is lost or stolen in your country of origin.
Most home insurance policies provide coverage for personal property temporarily removed from your principal residence. 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 fly to Italy, and accidentally drop your camera in the canal while going for a gondola ride. Would this be 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 could be on a surfing trip to Hawaii and may cause injury to another surfer by accident. Insured or not? Liability insurance, included in your home insurance policy, will cover you if you're sued as a result of unintentionally injuring another person, anywhere in the world!
It's the end of your best day of your golf trip. And decide to go have a few drinks in the club with your fellow players. 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. However, golf clubs are considered "sporting goods", and may be limited on some policies. Check with your insurance agent to make sure you have enough coverage.
Your family is enjoying a California coast trip in your recreational vehicle. 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. The TV, on the other hand, was attached to the RV, so would need to be claimed under your RV policy.
When you travel, it's nice to know that your home insurance comes with you.
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? Travel insurance costs can go up when someone pays for baggage coverage, so look into whether your home insurance policy will cover you before choosing that option. This can be a cheaper option, and may also provide coverage if, say, your handbag is lost or stolen in your country of origin.
Most home insurance policies provide coverage for personal property temporarily removed from your principal residence. 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 fly to Italy, and accidentally drop your camera in the canal while going for a gondola ride. Would this be 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 could be on a surfing trip to Hawaii and may cause injury to another surfer by accident. Insured or not? Liability insurance, included in your home insurance policy, will cover you if you're sued as a result of unintentionally injuring another person, anywhere in the world!
It's the end of your best day of your golf trip. And decide to go have a few drinks in the club with your fellow players. 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. However, golf clubs are considered "sporting goods", and may be limited on some policies. Check with your insurance agent to make sure you have enough coverage.
Your family is enjoying a California coast trip in your recreational vehicle. 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. The TV, on the other hand, was attached to the RV, so would need to be claimed under your RV policy.
When you travel, it's nice to know that your home insurance comes with you.
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