The Personal Property policy provides comprehensive coverage against theft, vandalism and fire. Scheduled items are additionally covered against physical breakage. This policy covers items damaged during the relocation process, while in your foreign residence or when travelling. Transit and destination coverage offered as a packaged policy to avoid gaps in coverage. It includes 300,000 USD of Personal Liability coverage with an optional extension to 500,000 USD. The international property insurance also offers optional additional cover benefits to include International Umbrella Coverage and Kidnap, ransom & extortion.
The International Personal Property coverage provides insurance for items damaged during a move, while traveling or while inside your home abroad. Policies include destination coverage, which is designed for expats who are already living abroad. Unscheduled items such as household goods and clothing are covered at full replacement cost and include coverage while in your foreign residence, commercial storage or while traveling. It also provides unscheduled coverage for high-value items such as jewelry, artwork, or computers. The international property insurance provides the option of purchasing transit and foreign destination coverage for professionals who have not yet moved to their foreign destination and includes “All-Risks” transit coverage while your property is being relocated. This coverage is combined to eliminate the gaps that occur by purchasing separate policies.
The International Property insurance policy guarantees financial stability in the event of an unfortunate loss or damages. Personal Property features and benefits include;
a) Full replacement cost paid on claims; the insurer will not depreciate or just pay cash value for your damaged or lost property like other insurers may do.
b) No Gaps in Coverage; items will be protected from the moment they are shipped from your home and throughout transit. Coverage also extends to the entirety of the overseas stay and throughout your return trip home. Continuous coverage means any covered loss will be paid, no matter where it occurs.
c) Free USD 500,000 Personal Liability Protection; the Personal Property policy includes complimentary personal liability coverage, to cover third party damage or injury. The Personal Liability protection includes USD 500,000 – at no additional cost.
d) USD 10,000 included for Identity Fraud Reimbursement; Coverage for legal and communication expenses, associated with defending an identity fraud claim against you by financial institutions, removing incorrect judgments or challenging consumer credit rating.
e) Protect What You Value the Most; Most household effects will fall under unscheduled coverage. However, the option of scheduled coverage for high-value items such as jewelry, artwork, or computers so that you can have peace of mind while shipping your valuable goods.
f) Scheduled coverage has no deductible; on the other hand, unscheduled coverage has a deductible of USD 250 per loss, or USD 100 per loss for select policies
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