3 ms·

What insurance covers robbing?

• sitepodmatt 9y ago
  Most holiday insurance. Most direct mobile phone insurance too from UK. I think many decent UK house insurance does for personal possessions away from home too. Id hazard a guess he was triple covered but that would complicate things on sub $1000 item. Is US really different?
  • rconti 9y ago
    I doubt most folks take out holiday insurance. Typically it's sold in a fairly scammy way similar to how ski pass insurance is sold -- "protect your trip!!" all for a ripoff fee with tons of exclusions. Mobile phone carrier insurance you would also have to elect to pay for and also has a negative expected value. Homeowner's insurance/renter's insurance would likely cover it. I'm not sure I'd want to make a claim against my homeowner's policy for such a small amount though. I've fortunately never had to rely on it but i've heard rumor of not using it on small ticket items.
    • ghaff 9y ago
      IMO, trip insurance mostly makes sense if you have a large non-refundable pre-pay in which case the insurance is also covering you if you have some injury or other covered reason for not being able to go. There are also some trips that have a greater probability of injury and expensive evacuation, e.g. treks in remote areas. Some argue that you should always buy it because there's always the possibility of bad things happening that could be very expensive. But personally I (like I assume most people) am very selective.
      • rconti 9y ago
        Right, I tend to avoid any non-required warranty or insurance due to expected value of the coverage being negative. That said, if you've been planning an African Safari for a decade, and everything is pre-paid to the tune of $20k, the $100 on trip insurance is probably money well-spent! For example, I did a long motorcycle trip where I paid $250 for a year's worth of medical evacuation coverage, which was nice peace of mind. Of course, the more "stuff" a policy covers, the more expensive it is, but you bring up a good point about pre-paid expenses. My last trip was on airline miles, with $25/night AirBnBs that could be cancelled the day before.. train tickets weren't bought until I was in-country, and naturally no food/drink/museum entry/subway passes were prepurchased.
    • sitepodmatt 9y ago
      Location dependent. I hazard a guess 80% of UK people going on holiday take out travel insurance, it's practically pushed down your throat at every turn and in the media too about dangers of being medically insured abroad without insurance. The airline travel insurance for lost baggage and delay is pretty scummily pushed and generally doesnt cover medical. Luckily it is usually only 5-20GBP per person per trip or 50gbp-100gbp for an annual policy (with max time out of country limited to X months usually 6). I suspect this is because we dont generally have medical insurance in the UK due to the NHS where as I guess your $$$pm medical insurance covers you abroad so primary reason for holiday insurance doesnt exist.
  • freeone3000 9y ago
    The first two are not things I generally purchase. My home insurance does not cover personal possessions away from home. So yes, it's a bit different here.
• phonon 9y ago
  It's usually called "off premises theft" coverage. It's a somewhat expensive option for most homeowner's policies. (Some policies include it by default, and some don't.)
• eli 9y ago
  In the US most Renter's or Homeowner's Insurance covers "off premises" theft too. Though depending on your deductible it might not be worth making a claim.