If I have specific cover for several high-value possessions, am I covered for taking them abroad for a short period of time?
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footballdave
2 years ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
usually when you have specified items as "personal possessions" within an insurance policy it will cover them globally but you must check with your insurer first.
the reason for checking is that some insurers will ask about high risk items within the home (home office equipment, games consoles, jewellery, antiques) so that they know what their potential risk is in the event of a claim but they wont necessarily charge an extra premium. some insurers will impose a limit on high value items which could be a flat £ value or a % of the total sum assured.
if you dont have your insurance policy schedule of cover ask the insurance company to issue another, they might charge for this though but some insurers are now giving access to documents online so that all you need to do is log in and download them.
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the reason for checking is that some insurers will ask about high risk items within the home (home office equipment, games consoles, jewellery, antiques) so that they know what their potential risk is in the event of a claim but they wont necessarily charge an extra premium. some insurers will impose a limit on high value items which could be a flat £ value or a % of the total sum assured.
if you dont have your insurance policy schedule of cover ask the insurance company to issue another, they might charge for this though but some insurers are now giving access to documents online so that all you need to do is log in and download them.
