Life wasn’t made for spending all of your time in one place. It’s human nature to want to be out and about. Often, this means that items of value take the excursion with you. This leaves them at risk of loss or theft. Rather than leave them at home, all risk insurance serves to ensure you’re able to go freely with peace of mind.
As a type of personal insurance, all risk insurance extends to items that leave home on a regular basis. It covers items that you wear or carry with you when you go to work, leave on holiday, enjoy your hobbies and even go out on the town. As a result, it’s safe to say that home insurance alone is not enough to guarantee that your risk is minimised.
How does this cover work?
You’ll need to decide which groups your particular items fall into. These are specified and unspecified:
Specified all risk refers to possessions that you have noted on your policy schedule and will be compensated for in full if they are ever stolen. This will need to include any serial numbers on laptops or phones as well as valuation certificates for jewellery. The more specific you can be here, the better.
Unspecified all risk pertains to items that are automatically covered but only to a certain amount. As these items weren’t specified on your policy schedule, there will be a limit applied to what will and won’t be paid out. This might include sunglasses or clothing.
Why is this important?
Anything can happen at any time. It’s why you should always be prepared for the unforeseen. Here are a few reasons why you should consider insuring your personal property with all risk cover.
Enjoy the moment
Whether you’re out to lunch with a friend or away for the weekend, you owe it to yourself to enjoy the moment. Whilst theft during times like this is never pleasant, it’s made a little easier when you know you’ll be compensated for your loss. This leaves you free to explore your town or country, knowing that you’re covered.
Daily life is stressful enough without having to worry about important items getting stolen when you’re away from home. It’s why a policy like this one does more than just insure your portable goods. It delivers total peace of mind, which we all know is priceless.
Make sure you’re never out of pocket
When valuable items are stolen on an outing, the price to replace these can be astounding. This is especially true if you step out with your laptop, smartphone, smartwatch and even expensive jewellery. For this reason, all risk cover makes sure you’re not left vulnerable to such losses. This makes the experience of theft or mugging a little easier to deal with, knowing you have the proper policy in place.
Items you might want to specify:
- Laptops, tablets or any handheld electronic device
- Cellphones and smartphones
- Spectacles and sunglasses
- MP3 players, iPods, portable speakers and headphones
- Cameras or any photographic equipment like drones or GoPros
- Jewellery items including watches and engagement rings
- Equipment worn and/or used during sporting activities
- Baby equipment such as prams or children’s car seats
- GPS devices
- Vehicle sound equipment, CDs, DVDs
- Other specified items
Talk to a broker to find out more
If you have any questions about all risk cover or want to know how much this type of policy will cost you, why not meet with a broker? In sitting down and discussing your particulars with someone passionate and knowledgeable, you’re more likely to get a product that suits your needs and lifestyle. You might even find that there are other insurance and assurance products that you should be adding to your portfolio. With a legacy in our industry that goes back to 1928, you owe it to yourself to speak to the experts. Our team of brokers are always ready and waiting to assist you should you have a query. It’s what makes us insurance brokers that you can count on.
For more on our range of products that can be tailored to suit any and every need, please call us today on 087 285 4040.