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Travel Insurance Traps
How To Safeguard Your Jewellery Overseas
Get the Protection You Need
If you’re travelling overseas and taking your precious jewellery with you, you’ll want to be sure it's protected. Many people assume that travel insurance covers their valuable items, but often don’t realise that special conditions apply to jewellery. So how well does travel insurance really protect your jewellery overseas? Let’s find out.
Investigating Travel Insurance For Jewellery
Travel insurance typically covers items like electronics. But valuable belongings like jewellery, that exceed a set value may require specification, often at a higher premium Many insurers limit specified items to $10,000 each and $15,000. For items valued above this limit, owners may have less control over repair or replacement choices
Where Travel Insurance Falls Short
Travel insurance often imposes strict conditions on valuables. For instance, jewellery may not be covered if stolen from your hotel room without using the provided safe, or taken from your beach towel while swimming. These situations may be deemed as leaving your jewellery "unattended," voiding coverage for valuables.
Claiming for Jewellery With Travel Insurance
Many travellers with jewellery encounter a cumbersome claims process with certain travel insurers. This involves police reports, interviews, and multiple quotes from jewellers. Even after this process, you may face significant depreciation of precious items, and the insurer may retain the final say on where the replacement must be done.
The Truth About Travel Insurance
Insured
A survey by Personal Finance Insider found that 62% of travellers did not purchase travel insurance.
Claims
18% of people with travel insurance made a claim due to loss, theft or damage.
Satisfied
Of those who made a claim, about half were satisfied with the outcome, while half were not.
Specialised Jewellery Insurance May Be The Solution
Whether home or abroad, safeguarding your jewellery is best achieved with specialised insurance like Q Report. You’ll enjoy comprehensive coverage that avoids these travel insurance traps, giving you peace of mind on your vacation.
What are the Benefits of Q Report Jewellery Insurance?
Worldwide Coverage
Get global protection for your jewellery wherever you travel.
Loss, Theft & Damage Cover
Enjoy comprehensive cover for your most valuable items.
Return To Your Preferred Jeweller
Have your jewellery replaced by someone you know and trust.
Why Choose Q Report?
Agreed Value Policy
Cover for the agreed amount on your policy, not “up to” an amount.
No Impact Claims
If you do make a claim, your premium won’t go up.
Trusted In-House Team
Our customer service & claims process is rated 5 stars by clients.
Enjoy Peace of Mind With Jewellery Insurance
Get the highest-rated protection for your valuables and vacation with confidence.
Thank You
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