The world seems to be getting smaller through globalization, and people are travelling on business or for personal reasons more and more. 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. There is a lot of expensive things people travel with, including clothes, electronics, and recreational equipment. If something happens to them while you're travelling, will your home insurance cover them? 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. It could save you a decent amount of money, and there is the added benefit of coverage if your bag is stolen in your home country.
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. 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.
You could be on a surfing trip to Hawaii and may cause injury to another surfer by accident. 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 at St. Andrews in Scotland, 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. Protected here, or not? 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. You are out for the day on a hike, and return to find that your laptop, and your TV and entertainment center have been stolen from the RV itself. Are these items insured or not? Your laptop should be covered by your home insurance policy, as it is an item "temporarily removed" from your principal residence. If your TV was attached to the RV itself, it will fall under your RV's insurance 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. There is a lot of expensive things people travel with, including clothes, electronics, and recreational equipment. If something happens to them while you're travelling, will your home insurance cover them? 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. It could save you a decent amount of money, and there is the added benefit of coverage if your bag is stolen in your home country.
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. 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.
You could be on a surfing trip to Hawaii and may cause injury to another surfer by accident. 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 at St. Andrews in Scotland, 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. Protected here, or not? 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. You are out for the day on a hike, and return to find that your laptop, and your TV and entertainment center have been stolen from the RV itself. Are these items insured or not? Your laptop should be covered by your home insurance policy, as it is an item "temporarily removed" from your principal residence. If your TV was attached to the RV itself, it will fall under your RV's insurance policy.
Having knowledge that your home insurance policy offers you protection as you vacation provides you some peace of mind.
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