subject: Crime-related Travel Insurance Claims: What Is Paid? [print this page] Many Western countries are very fortunate, enjoying a high level of social stability. Terrorism is a faraway thought for most rather than a daily reality, and the divide between rich and poor is not so great that people must steal simply to survive. Being the victim of crime is not pleasant - and even less so when you are overseas. This is the very reason travel insurance was created - so that people would have the peace of mind to do things that they otherwise might feel too risky. Overseas travel is so rewarding, there is no need to let distant possibilities prevent you seizing the day. Today we are looking at victim of crime travel insurance claims, and how much you are covered for in the case of specific events.
Baggage and personal effects cover
Claims relating to your baggage and personal effects may be the result of a crime - or simple mismanagement of your baggage by a travel carrier. There are sub-limits per item within this cover in standard policies, so if you are taking any individually very expensive items, it is wise to contact your travel insurance agent and check if they are covered.
Although sub-limits apply, the total amount of cover for baggage and personal effects in a standard policy is around:
$3.500 at the basic level of cover
$5,000 at the intermediate level
$7,500 at the highest level of cover
Legal expenses
If you are injured or become ill as a result of someone else's negligence on your trip, victim of crime travel insurance claims can cover these potentially enormous costs. Standard policy limits range up to:
$10,000 at the basic level of cover
$20,000 at the intermediate level
$30,000 at the highest level of cover
Hijack benefit
If your plane or sea vessel is hijacked, you'll be covered for any expenses incurred as a result - which may be quite varied. The product disclosure statement for your particular travel insurance policy usually has more detail. Levels of cover on a standard policy are up to:
$5,000 at the intermediate level of cover
$7,500 at the highest level of cover
Overseas car rental excess waiver
Insurance will be non-negotiable on any rental cars you take out. However, your own travel insurance can cover the cost of the excess on the rental company's policy if they make a claim because the car your hire is involved in an accident, or is stolen during your hire period. The amount covered is usually around:
$1,500 at the basic level of cover
$3,000 at the intermediate level
$4,000 at the highest level of cover
Personal money and loss of passport
If your personal money is either lost or stolen, or your passport is lost or stolen, travel insurance policies with this cover will replace it. Limits on standard policies are generally around:
$750 at the basic level of cover
$1,000 at the intermediate level
$1,250 at the highest level of cover
by: Mark James
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