A few years back, a bad storm blew through my neighborhood. It knocked out power (a summer breeze knocks out power around here) and took down a few trees. One of those trees fell on a the house of a friend who is also a business traveling parent.
Nobody was hurt. We were all home and able to quickly help get the kids out and secure the house from further damage. But that experience got me thinking about how to prepare in the event an "insurable event" occurred while I was traveling. I thought I'd look into this a bit, so I asked my agent and got a few good tips.
- Don't assume your auto policy automatically extends to a rental car. In fact, if you travel internationally, very few companies offer "world-wide" coverage. The advice is to make sure all business travelers have a good handle on rental coverage. (I wish I knew that while renting a car in South Africa!)
- Homeowner (or rental) policies are likely to cover personal property while traveling, but it's important to have things you travel with (fancy watch, wedding band, etc...) specifically scheduled. Otherwise, it may not be covered. Furthermore, hotels provide NO coverage. The advice is to wear what you bring or leave it at home. (This tip has me rethinking the second PC I sometimes travel with and the cameras, etc...)
- If you leave a spare key with a neighbor, consider also leaving the contact information of your insurance agent. That way, if trouble hits while you're away, your neighbor can make a call so the agent can quickly get to work mitigating any further damage. (This is a GREAT idea.)
1 comments:
These are all the handy and the perfect tips which has been practically applied and all are valid to work out and one must applied these guidelines while he is on a plan to move.
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