Are your holiday season gifts covered?
The holidays bring joy, but they also bring risks for your shiny new gifts. From smartphones to jewellery, learn why portable possessions cover is the protection you need for your high-end festive gifts.
Getting something special for someone special is a great feeling - the look on their face when they receive it is priceless. Of course, the latest model smartphone or top-of-the-range earbuds come with a hefty price tag. Often, both gift-givers and receivers don't consider the implications if the item is lost, damaged or stolen. Which is why making sure these gifts are insured is so important.
Proactively insuring high-value items isn't just about protecting them from theft - even though it is a time of year when you need to stay alert. It's also about ensuring that you're covered for anything "the silly season" may throw at you, like accidentally dropping that new iPhone into the loo or losing those super tiny (but expensive) earbuds.
What items need portable possessions cover?
It's a good idea to insure anything of value that you'll be taking out of the house on a regular to semi-regular basis. Basically, anything that would cost a fair amount of money to replace if it was lost, stolen, or damaged.
High-value items worth getting portable possessions cover for include:
- Cameras and photography, as well as video or podcasting equipment
- Tech gadgets like laptops, new smartphones and accessories, portable monitors and tablets
- Prescription glasses or sunglasses
- Jewellery, including high-end watches and fitness wearables
- Musical instruments and equipment
- Top-of-the-range audio gadgets, such as earbuds and headphones
- Expensive sporting equipment, such as bicycles and surfboards
Why portable cover is worth it
If you're the giver, replacing a high-ticket item can really hit your wallet hard. Having portable cover in place prevents you from having to spend double - once for initially buying it, then a second time to replace it.
If you're the receiver, ensuring that your item is insured gives you peace of mind, so you don't have to be hypervigilant if you take it with you somewhere. After all, gifts are meant to be enjoyed - not locked away. With Discovery Insure, you can get comprehensive portable possessions cover that will cover your insured items if they're stolen, lost or damaged, anywhere in the world.
So, make sure you let your financial adviser know if you need to add something new. Our portable possessions cover also lets you:
- Manage certain portable possessions cover and premiums with Estimated Maximum Loss (how much you believe you'll lose if you must claim from a single event).
- Store important documents, proof of ownership and valuation certificates in our Online Vault.
- Get cover for theft from your unattended vehicle, without visible, violent and forcible entry.
- Choose to repair or replace your jewellery at your specific provider.
When you consider what it may cost to replace a valuable gift you either gave or received, it's worth adding it as a portable possession to your existing insurance plan for a little extra each month. Doing so lets you enjoy giving and receiving gifts in the true spirit of the season.