Worldwide Coverage

You’re all packed and ready for your next exciting international adventure. But is there one last thing you need to do before you depart?

As any seasoned jet setter will tell you - insurance is essential. But did you know that standard travel insurance may only partially protect your valuable jewellery?

This guide explores the necessity of worldwide cover, answers common questions, and explains why it’s a must-have for today’s international travellers.

What is Worldwide Coverage?

There’s nothing more enticing than the prospect of exploring a new country. But amid all the excitement, it’s easy to forget that unexpected accidents and events can occur. 

Here’s what worldwide coverage is and how it can help you: 

• Travel-Related Risks: Worldwide coverage can safeguard your jewellery against risks associated with travel, such as luggage theft or accidental loss during transit.
  
  
• Theft: If your jewellery is stolen while you're travelling internationally, your worldwide coverage can help cover the losses.
  
  
• Loss: In case your precious jewellery goes missing or gets lost during your travels, this coverage can provide financial protection.
  
  
• Damage: If your jewellery is damaged while abroad, your worldwide insurance can assist in covering the repair or replacement costs.
  
  
• Unforeseen Events: In some situations, your jewellery may mysteriously disappear during events like vacations or business trips, and worldwide coverage can come to the rescue.

Travel Insurance vs Worldwide Coverage: Understanding the Difference

Some general travel insurance policies can come with limitations and exclusions that can leave you exposed to risks. 

These policies sometimes contain sub-limits that restrict the amount you can claim for valuable items like jewellery.

With specialised jewellery insurance, you benefit from comprehensive protection wherever you are in the world - safeguarding your possessions and providing peace of mind.

Top Tip: Before finalising your travel plans, it's crucial to understand the extent of your travel insurance coverage. Insurance companies often distinguish between two types:

1. Blanket Coverage: This type of coverage applies to items within specific price ranges. It offers a simple claims process for moderately priced possessions.
   
   
2. Scheduled Coverage: Scheduled coverage is more detailed and may require comprehensive documentation and proof of purchase costs. It's typically used for high-value items, ensuring they receive adequate coverage in case of loss or damage.

It is recommended to carefully investigate the inclusions in travel insurance to ensure your valuable jewellery is covered.

Continue your research with our recent blog, Jewellery Insurance or Travel Insurance - Which Offers the Best Protection For Your Jewellery?

Worldwide Coverage - Frequently Asked Questions

Will worldwide coverage or regular travel insurance give me the best protection? 

Worldwide coverage provides specialised protection for high-value items such as jewellery, engagement rings, and luxury watches, ensuring comprehensive insurance coverage during domestic and international travel. 

In contrast, standard travel insurance offers broader coverage for various travel-related risks but often comes with sub-limits and exclusions that can restrict coverage for valuable possessions. 

Some individuals choose to combine both types of insurance for a comprehensive protection strategy.

I live in Australia and travel 2-3 times a year. Do I really need worldwide coverage? 

Yes, frequent travellers, whether domestically or internationally, can benefit from worldwide coverage. 

It ensures consistent protection for your possessions, including high-value items, offering peace of mind regardless of your travel destination. 

How Do I Make a Claim with Worldwide Coverage?

Filing a claim with worldwide coverage is a streamlined process. 

Firstly, contact your insurance provider promptly upon discovering any loss, theft, or damage to your valuable items. 

Provide precise incident details, including date, time, and location. Document the loss with clear photographs, and if available, include a recent appraisal of the item. 

Lastly, comply with any additional documentation requirements outlined by your insurance provider to ensure a smooth and successful claim process.

Worldwide Coverage Checklist: 10 Ways To Choose The Right Insurance

• Policy Inclusions: Check what items are covered when you travel, especially if you have specific valuable possessions like jewellery, engagement rings, or luxury watches.
  
  
• Coverage Limits: Understand the maximum amount you can claim for individual items and ensure it aligns with the value of your possessions.
  
  
• Policy Duration: Be aware of the policy's validity period for worldwide coverage. Ensure it meets the duration of your travel plans.
  
  
• Documentation Requirements: Familiarise yourself with any documentation needed to make a claim, such as purchase receipts, appraisals, or photographs.
  
  
• Premium Costs: Compare premium costs among different insurance providers to ensure you're getting a competitive rate for the coverage.
  
  
• Exclusions: Carefully review the policy's exclusions, including any circumstances or items not covered by worldwide coverage.
  
  
• Claim Process: Understand the steps and procedures involved in making a claim for lost, stolen, or damaged items during your travels.
  
  
• Customer Support: Assess the availability and responsiveness of the insurance provider's customer support in case you need assistance while abroad.
  
  
• Reviews & Reputation: Research the insurance provider's reputation, including reading reviews and seeking recommendations from other travellers.
  
  
• Emergency Assistance: Confirm whether the insurance offers emergency assistance services, especially when travelling in remote or unfamiliar locations.

Make Travel Simple With Worldwide Coverage From JewelCover

When you embark on international adventures, your jewellery should be a source of excitement, not an added stress.

Standard travel insurance policies may fall short of protecting your precious possessions, leaving you vulnerable to financial loss.

So, when you’re seeking the best worldwide coverage, JewelCover is your trusted travel partner.

We ensure that your jewellery, engagement rings, and luxury watches are safeguarded, with specialised jewellery insurance including worldwide coverage. 

Learn more about our worldwide coverage and contact us today for a free quote.