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What’s the best way to insure items while traveling? (alien.top)

submitted 11 months ago by iustus_tip@alien.top to c/digitalnomad@expats.zone

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I’ve been on the road for +2 years and I’m starting to wonder if I should insure my big ticket items (computer, camera, expensive jewelry, etc).

I know some home and rental insurance policies in the US cover these items, but as a full-time traveler, I’m not sure I qualify for these plans.

Is there a certain insurance product that covers these items? I know tracker insurance covers these items during transit, but I’m looking for something to insure these items full-time.

Thanks for all the help!

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[–] zrgardne@alien.top 1 points 11 months ago (1 children)

https://www.statefarm.com/insurance/home-and-property/personal-articles-policy

"What if I’m not at home?

Personal property doesn’t have to be in your home to be protected by your policy. Your coverage travels with you — whether you’re enjoying the vacation of your dreams or running weekly errands."

You are correct that travel insurance is basically pointless. The default limits I have seen in plans are $500 per item, $1500 total. Or you can pay a bunch to double these. But that clearly won't cover full value of camera or laptop.

I have the State farm plan. You send them SN and receipts for all the items and the plan cost is based on their value. Mine for $8k of stuff is $200 per year.

Never made a claim to know how difficult it would be to get them to actually pay.

[–] ANL_2017@alien.top 1 points 11 months ago

This. I maintain renter’s insurance because of my storage unit back in the states and my policy has a similar clause.