The number of travellers reporting lost or stolen jewellery has doubled over the past four years, according to a survey conducted in 2019. The survey revealed that 20% of respondents suffered a jewellery loss while on vacation. That’s up from 10% just four years ago.
Centrestone Jewellery Insurance reports that the beach is the riskiest place for travellers to wear their jewellery. And while Centrestone Jewellery Insurance advises sun worshippers to protect their jewellery in a room safe or hotel vault before heading to the water’s edge, too many choose to tempt fate. The result: 27% of all travel-jewellery losses can be traced to where the surf meets the sand.
Still, another pain point is that only 1% of the lost or stolen jewellery is ever recovered by their owners.
“Travel continues to be a vulnerable time to misplace or have jewellery stolen,” noted Lachlan Renshaw, Founder of Centrestone Jewellery Insurance. “Travelers can and should insure their jewellery, and there are also steps they can take to minimise risk.”
Mr Renshaw outlined these essential tips…
Shopping around to aid research is the best way to reduce premiums; however, as mentioned before, not all Jewellery Insurance is the same.
Centrestone Jewellery Insurance offers: