When traveling, the hurt and annoyance of having something taken from you increase. After all, depending on where you are going, you might need to become more familiar with the local customs or language, and it might be challenging to explain the theft to law enforcement.
The news media is rife with tales of pickpockets and thieves who prey on tourists and frequent popular tourist destinations. Cameras were the hottest item to steal a while back. The most recent electronics that offer a reasonably good return are the ones that will be stolen as technology advances. As a result, many tourists have questioned how theft is covered by travel insurance.
How Travel Insurance Covers Theft
Bajaj Allianz travel insurance provides coverage for theft by compensating a traveler for the direct loss of items they had with them while away. Travel insurance protects a traveler from theft while they are in transit, such as in a taxi or on a bus, as well as at the airport (including theft of checked luggage).
Naturally, travel insurance policies restrict their coverage for lost or stolen property. For instance, up to a predetermined limit, travel insurance policies cover the theft of the following things*:
- Electronics for cameras, camera gear
- Watches, sports gear, gems, and furs
- Checked-in luggage
Travelers are frequently advised not to refrain from bringing anything priceless or irreplaceable and to keep any valuables they must carry to prevent theft. The coverage is typically much better for travelers with homeowner’s or renter’s policies, and they can schedule expensive items like laptops, cameras, jewelry, and sports equipment on those plans. Claims are subject to terms and conditions set forth under the travel insurance policy.
Passport And Visa Theft Is Also Covered By Cancellation
If your passport or visa is stolen before your trip and you can’t get a replacement, some travel insurance policies will pay for canceling your trip. If your passport is stolen after you leave, travel insurance will usually cover the cost of a replacement and help you locate the nearest embassy to make the necessary arrangements.*
What Theft Is Not Covered By Travel Insurance
It’s crucial to understand what travel insurance does not cover for theft and what it does because all insurance plans have exclusions. Theft-related coverage for the following items is never provided by travel insurance*:
- Currency, stamps, securities, bonds, and money orders
- Musical apparatuses
- Artificial teeth, prosthetic limbs, and limbs
- Audio devices
- Sunglasses, eyeglasses, and contact lenses… And the list continues with commercial property, delicate items, and other things.
Are Thefts Covered By Airlines And Cruise Lines?
You will only be able to get a little out of travel service providers like cruise lines and airlines because their contracts automatically exempt them from liability for theft. You can file a claim, for instance, but you’ll have to provide evidence of the item’s value, and they’ll take the depreciation of the goods into account. For more details, check out what the airlines owe you. Make sure you do the process for Bajaj Allianz travel insurance renewal on time. Claims are subject to terms and conditions set forth under the travel insurance policy.
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Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.