Does travel insurance cover your jewellery?
It is crucial to make sure that your jewellery is protected when you are travelling abroad.
Think about it, when you’re travelling, whether you’re exploring crowded tourist spots or engaging in adventurous activities like cliff jumping in Mykonos, the risk of losing or damaging valuable jewellery is significantly higher.
So it is very important to make sure that you have the correct insurance cover in place in case the worst happens and it is lost, damaged or stolen.
So the big question is, does your travel insurance cover lost, stolen or damaged jewellery?
Travel insurance limitations
While travel insurance offers some protection when it comes to lost jewellery or items, it is important to understand its limitations, particularly when it comes to jewellery.
Limited coverage – Travel insurance policies impose restrictions or limits on the value of jewellery that can be claimed under the policy. Coverage limits vary between policies, but they typically range around £1,500 per item. If your jewellery is worth more than this then it would not be covered under the travel insurance policy.
Exclusion of jewellery – Due to the higher value and risk of theft some travel insurance policies explicitly exclude jewellery from cover, leaving some people exposed if their jewellery is stolen, lost or damaged whilst on holiday.
Be sure to read the fine print of your policy to make sure you understand what is and isn’t covered.
The case for a high-value contents policy
If you travel often and with high-value jewellery, you might consider purchasing a high-value contents policy. This type of insurance offers a more comprehensive level of cover than standard contents insurance, and has a number of key perks:
All-risks cover – Unlike standard home or travel insurance, a high-value contents policy offers all-risks cover. What this means that your jewellery is not only protected for theft and loss, but also for any damage whether that be accidental or not. This is the highest level of cover that you can get for your jewellery.
Worldwide coverage – You are also covered worldwide. This means that you never need to worry about your jewellery when you are travelling as it is always protected regardless where you are. This helps make sure you really can relax whether you’re on a business trip in Tokyo or a vacation in Bali, your jewellery remains protected at all times.
Standalone jewellery policies may not extend coverage worldwide, so be sure to check the specifics of your plan.
High limits and coverage – High-value contents policies are designed to be able to insure higher value jewellery and often have a high single item of limit of £10,000 or £25,000, and is able to insure items over and above this limit too if individually specified.
Cost-effectiveness – While a high-value contents policy may have higher premiums, it can prove to be more cost-effective in the long run. By comparing the cost and coverage of travel insurance to a contents policy, you can determine which option offers better protection for your valuable jewellery.
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Protecting your jewellery abroad
In summary, while travel insurance may offer some protection, it often falls short when it comes to protected high-value jewellery. The limits imposed and potential exclusions can leave you underinsured and exposed.
On the other hand a high-value contents policy offers comprehensive, worldwide coverage, ensuring that you never need to worry again when you are travelling abroad.
Before your next trip, review your insurance coverage to ensure your valuables, especially jewellery, are protected. Consider investing in a contents policy with high-value item limits and worldwide coverage to give yourself peace of mind no matter where your travels take you.
For complete peace of mind, explore how rivr’s high-value contents insurance can protect not just your jewellery, but all your prized possessions, with worldwide coverage and high item limits.
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Frequently asked questions
The policy covers a lot of things and it depends on whether you buy Home Insurance (Contents and Buildings cover combined), Contents Insurance or Buildings Insurance. To know exactly what you are covered for you need to read the policy wording in full. We do provide a summary of your cover on our product information pages for home, contents and buildings insurance. These pages only include a summary of the cover so does not include everything and all the details, such as specific exclusions or inner limits.
High-value contents insurance is designed for homes that require cover above the limits offered by standard home insurance, and offers a more comprehensive form of insurance. It offers tailored insurance cover that is designed for homes with a higher standard of finish and contains expensive personal belongings such as luxury or antique furniture, electronics, jewellery and art.
All Risks insurance provides a broader form of coverage compared to standard home insurance policies. It typically offers protection for both personal possessions and valuables at home and worldwide. It also covers accidental damage. All Risks cover still has some exclusions such as wear and tear or mechanical breakdown. You would need to check the policy for specific exclusions and limits.
Normally home insurance providers will not cover your home if any building works are being carried out. At rivr we still insure your home when building works are being carried out as long as the contract for the works is less than £75,000. If the works are costing more than this we can arrange separate specialist cover for renovations through our specialist insurance partner.
Standard buildings insurance covers typical homes, while high-value buildings insurance is designed for properties with a higher rebuild cost or unique features. High-value insurance provides more extensive coverage for expensive materials, luxury finishes, and special architectural elements that may not be fully covered by a standard policy. It also often includes higher claim limits and additional protection options.
Our contents insurance covers is extensive and covers most of the items in your home, but some examples are: - Furniture and furnishings - Jewellery and watches - Art and antiques - Bicycles and sports equipment - Electronic items such as laptops, phones, TVs and sound systems. All of these items are covered worldwide as standard.
Combined building and contents insurance covers both the structure of your home and your personal belongings inside it. This means that if your home is damaged by events like fire, floods, or storms, and your possessions are lost, damaged, or stolen, you can claim for both under the same policy.
