What is Specified High Value Item Cover?

The luggage and personal effects that you take with you on your trip are covered as per the following maximum limits under Benefit 14: Luggage and Personal Effects:

  • $3,000 for personal computers, video recorders or cameras
  • $1,500 for mobile phones, satellite phones, and other portable communication equipment
  • $1,000 for small mobile hand-held computers including tablet devices like iPads;
  • $750 for any other Unspecified items or set (including but not limited to hearing aids, sleep apnoea machines, wheel chairs, musical instruments, sunglasses and bags).

Items or sets which are covered as per the above limits are referred to as ‘unspecified items’.

If you will be taking valuable items with you on your trip, and you consider the amount that the item is covered for as an unspecified item is lower than the value of the item, you can choose to declare the item or set by paying an additional premium. These declared items are called ‘specified high value items’ and will be listed on your Certificate of insurance.

There is no limit on the number of unspecified items that you specify high value items for, however, the maximum we will pay for any single specified high value item or set is $5000, and a total of $10,000 for all specified high value items combined.

Note:

  • Separately insuring specified high value items does not affect the overall luggage and personal effects limits for your policy, as this limit is for all unspecified items and specified high value items combined.
  • Jewellery, watches (other than Smart watches), fragile or brittle items, bicycles and watercraft (other than surfboards) cannot be declared as specified high value items.
  • No depreciation is applied to specified high value items, however, the most we will pay will be the original purchase price of the specified high value item.
  • Unrelated unspecified items cannot be specified together as a high value item, unless they are part of a set.
  • Receipts and/or valuations must be provided in the event of a claim.
  • Specified high value item cover is available with select policies.

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS).

Please note: any advice is general advice only and has not taken into account your individual objectives, financial situation or needs. Consider the PDS prior to deciding whether this policy is right for you.