Items You Must Ensure Are Specified On Your Policy

Virtually every individual in South Africa believes that once they get a travel or home insurance policy, they do not have to worry about anything. However, this is a flawed perception because an insurance policy is only as good as the cover it offers.

What this means is that an insurance policy would only be good if it covers every item that needs to be covered. When you buy an insurance policy, you need to go through its coverage scope in detail to check if all the items that you need protection for are covered or not.

Ideally, you should make sure that all relevant items are covered in your travel or home contents insurance policy. Here is a list of things that should be covered.

1. Home office equipment:
The majority of travel or home contents insurance policies would not protect you from damage to office equipment. However, such equipment which can include laptops, desktops, printers, tablets, and other items can be particularly expensive.

This is why you should ensure that these items are covered by your insurance policy, whether you are going for a travel insurance policy or home insurance policy.

2. Bicycles:
Many home contents and home insurance policies refrain from covering items like bicycles kept outside the home. Unfortunately, whether it is a natural disaster or a case of theft, these items come under the scope first. Ensure that your policy includes items such as pedal bicycles.

3. Items inside the garden shed:
Many homeowners and home insurance policies preclude items kept in an outbuilding or garden shed which is separate from the main home. Some of these items can turn out to be expensive if damaged. This is why it is important for you to go through your policy and ensure that these items are included.

4. Credit and debit cards:
Whether you are getting a travel insurance policy or a home insurance policy, credit cards and debit cards need to be protected. The reason for this is that if these items get damaged or stolen then you would find yourself in serious trouble in the next few days.

5. Jewellery:
Jewellery and similar high value items need protection both at home and while on the road. Jewellery is not only an expensive item but also an item that will be targeted by burglars first. Ensuring its inclusion in your insurance policy is crucial to your mental peace.

6. Handbag, wallets, and purses:
When you are travelling, the chances of you losing your handbags, wallets, and purses are very high. In fact, most thieves target these items first when they see travellers. The reason for this, as is obvious, is that these items are high value items which are easy to steal.

This is why if you are going to get travel insurance to protect you while you are on the road, you should make sure that your purses, wallets, and handbags are covered.

An insurance policy is designed to protect you from the financial ramifications of some unforeseeable incident in the future. However, if its cover is not comprehensive then this protection would be full of holes.

This is why including all the items listed above is important. However, you should note that the inclusion of all the items mentioned above in your insurance policy may result in its cost going up.

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