Does Travel Insurance Cover Pick Pocketing Incidents? January 26 2015, 1 Comment
When you are traveling, the main apprehension or worry that you should have involves pick pocketing. Travelers are targets of pick pocketing and the statistics back it up. More than 33% of travel insurance claims deal with the theft of personal property. This means that pickpocketing incidents are common and that you need to protect yourself in any way possible. Many wonder if travel insurance can be the way to lessen the risk of pick pocketing and protect your possessions.
What About Petty Theft?
When it comes to travel insurance, many people want to know if petty theft or pick pocketing is covered. This is due to the fact that travelers are looking to protect the possessions that have the most value to them. The answer to this question is not easy and involves many different factors. Travelers insurance is quite complex and your coverage changes depending on the type of coverage that you obtain.
The Good News
The best way to explain if travelers insurance will cover pick pocketing incidents is to break down the facts into good news and bad news. The good news is that all essential documents including your passport are covered under travelers insurance. This means that if your passport get stolen, you will not be stuck in a remote or exotic location, and you will have coverage that lets you get new documents,. All loses that you incur due to delays associated with the loss of your passport will be reimbursed to you through your travelers insurance provider.
The Bad News
All important personal documents are protected with travelers insurance, but petty theft itself is not really covered. This means that normally all cash, phones, purses, wallets and other items that are pickpocketed are not totally covered under your traveler’s insurance policy. Cash losses are (almost) never covered by insurance companies, because they are high fraud risks. Whatever cash you carry in your wallet that is pickpocketed is a loss that will not be reimbursed to you. This means that most pickpocketing incidents are not really covered by your travelers insurance. But always check with your insurance company before leaving home, since most company’s rules differ. Some cover more than others.
Since pickpocketing and petty theft are not incidents that you can protect yourself from with travelers insurance, you must be aware of this risk. You need to make every effort to carry your possessions in a manner that does not make you a target of theft. The risk of pick pocketing is something that you can’t totally avoid when traveling.