Travel insurance may not even cover stolen phones and cameras
Travel insurance is an important part of any holiday preparation.
As Britons travel with more gadgets than ever including iPhones, tablets and Kindles, it becomes even more important to protect them.
However many may not realise that their travel insurance doesn’t cover them at all, despite 75 per cent thinking standard travel insurance would.
According to research by Travel Insurance Explained, this isn’t the case at all.
Most insurance policies don’t cover the full cost of replacing them
Most insurance policies don’t cover the full cost of replacing them unless they are less than six months old.
It also doesn’t mean a full replacement of the same age or brand, depending on the cost of the item.
This can often mean that without an excess fee, gadgets may not be replaced at all and even with one, the replacement may not be the same gadget or monetary worth.
Those looking to find extra gadget insurance should also check the maximum payout as some only go up to £500.
Travel insurance may not cover stolen phones unless under six months old
Fiona Macrae, of Travel Insurance Explained, commented: “It’s normal for people to take their tablets, smartphones and camera equipment on holiday.
“Our research highlights just how many are people are unclear as to what they would get back from their insurer if their phone, tablet or favourite electronic gadget, was lost or stolen while on holiday.
“Most insurance companies will not replace an item on a new for old basis, especially if the item is more than six months old.”
Even if it is within the six months, it may not be free or even the same model.
She explained: “Some will ask you to pay your excess and then provide you with a replacement of a similar age and model, whilst other insurers will give you a cash settlement after taking in account the age, any wear and tear and then deducting your excess.”
With wear and tear happening over time, a gadget could be worth much less than travellers realise.
Travel insurance needs to be checked to see if it ever covers them
One user gave the best advice on how to avoid having a camera stolen in the first place.
Named AngryBader, they wrote on Reddit: “For photo equipment or all kind of expensive stuff: put some duct tape on it. If it looks broken, nobody wants to steal it.
“95 per cent of thieves don’t actually want a camera or whatever they’re stealing, they want to sell it.
“Nobody is going to buy a camera covered in duct tape and paint marker scribble.”