The world seems to be getting smaller through globalization, and people are travelling on business or for personal reasons more and more. 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.
So you're going on vacation. Or you're a snowbird, heading to Arizona for the winter. Your favorite golf clubs, clothing and accessories, and laptop are going with you, and these carry considerable value. In a case where some or all of these items are lost or damaged, do you know if your home insurance plan protects you? Baggage coverage 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. The result could be a savings to you, and it will likely also cover these items while you're in your home country as well.
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.
The kinds of losses that home insurance would protect against:
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? After the deductible is paid, the camera will be replaced if you have comprehensive home insurance, even if you are halfway across the world when you lose it.
You're spending a month in Hawaii, and accidentally hit someone in the head with your surfboard. Protected here, or not? 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 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 policy protects your personal items worldwide, so they will go over your claim. 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. 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. If your TV was attached to the RV itself, it will fall under your RV's insurance policy.
As you are away on a holiday, knowing that you have some protection for your property from your home insurance is a comforting thought.
So you're going on vacation. Or you're a snowbird, heading to Arizona for the winter. Your favorite golf clubs, clothing and accessories, and laptop are going with you, and these carry considerable value. In a case where some or all of these items are lost or damaged, do you know if your home insurance plan protects you? Baggage coverage 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. The result could be a savings to you, and it will likely also cover these items while you're in your home country as well.
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.
The kinds of losses that home insurance would protect against:
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? After the deductible is paid, the camera will be replaced if you have comprehensive home insurance, even if you are halfway across the world when you lose it.
You're spending a month in Hawaii, and accidentally hit someone in the head with your surfboard. Protected here, or not? 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 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 policy protects your personal items worldwide, so they will go over your claim. 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. 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. If your TV was attached to the RV itself, it will fall under your RV's insurance policy.
As you are away on a holiday, knowing that you have some protection for your property from your home insurance is a comforting thought.
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Please visit www.squareoneinsurance.ca or see this home insurance video for more details.
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