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Travel Insurance Policies that Cover up to S$3,000 for your Jewellery

Deborah Gan

Deborah Gan

Last updated 08 March, 2023

Though travel insurance may not be able to always fully cover the cost of your jewellery, being covered is way better than not being covered at all. Find out which travel insurance plans offer the best coverage for your prized possessions.

Best for high coverage: AIG Travel Guard | Allianz Travel Insurance | Ergo Travel Insurance | Singlife Travel Insurance
Best for affordability: TIQ Travel Insurance | FWD Travel Insurance | MSIG TravelEasy | Sompo Travel Insurance

If you own expensive jewellery, I’m sure you’ve had this dilemma before — to bring or not to bring (for your vacation). On the one hand, you’ll want to look the best adorned in your pricey earrings or watches in your picturesque photos. But on the other, you’re afraid that you might damage it abroad, or worst — lose it altogether.

While the decision is entirely up to you, there are some ways you can minimise the risk of it being damaged or stolen. And in the unfortunate event of it becoming a reality, you can actually cover the costs undertravel insurance!

So if you’re thinking of bringing your shiny toy for a joy ride, here are the best travel insurance plans that offer the highest coverage for lost or stolen jewellery.

 

 

 

 

Read more:
Best COVID-19 Travel Insurance Plans (2023)
Best Travel Insurance in Singapore (2023)
Best Travel Insurance Plans and Promotions in Singapore (2023)
Top 3 Things Travel Insurance Should Cover (And How Much is Enough)


 

Best travel insurance with high coverage for jewellery

Travel insurance
Coverage for lost/stolen jewellery
Other coverages
Premium
AIG Travel Guard
AIG Travel - Home | Facebook
S$1,000 per article
  • COVID-19 coverage
  • Up to S$15,000 trip cancellation
  • Up to S$2,500,000 overseas medical expenses
  • Up to S$10,000 baggage loss
From S$38
Allianz Travel Insurance
Best Allianz Travel Insurance 2022- Buy Online
Up to S$1,500 (max benefit for all high value items)
  • COVID-19 coverage
  • Up to S$1,000,000 overseas medical expenses
  • Up to S$10,000 trip cancellation
  • Up to S$5,000 baggage loss
From S$39
Ergo Travel Insurance

Up to S$1,000 sublimit
  • Up to S$1,000,000 overseas medical expenses
  • Up to S$15,000 trip cancellation and curtailment
  • Up to S$8,000 baggage loss
From S$25
Etiqa (TIQ) Travel Insurance

Not covered
  • COVID-19 rider available
  • Up to S$1,000,000 overseas medical expenses
  • Up to S$10,000 trip cancellation
  • Up to S$3,000 baggage loss
From S$31
FWD Travel Insurance
FWD Travel Insurance: Most Value-For-Money Travel Plan?
Up to S$500 sub-limit
  • COVID-19 rider available
  • Up to S$1,000,000 overseas medical expenses
  • Up to S$15,000 trip cancellation
  • Up to S$7,500 baggage loss
From S$25.20
HLAS COVIDSafe Travel Protect360
HL Assurance - Home | Facebook
Up to S$500 per article
  • COVID-19 coverage for Enhanced plan and above
  • Up to S$750,000 overseas medical expenses
  • Up to S$15,000 trip cancellation
  • Up to S$8,000 baggage loss
From S$50
MSIG TravelEasy
MSIG Travel Insurance Review: Best Value For Money?

SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Get up to 40% off when you buy NOW! Valid till 30 April 2024. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

MSIG TravelEasy has been enhanced to provide better travel protection with over 50 benefits and COVID-19 coverage.

SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Get up to 40% off when you buy NOW! Valid till 30 April 2024. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

MSIG TravelEasy has been enhanced to provide better travel protection with over 50 benefits and COVID-19 coverage.

S$500 per article
  • COVID-19 coverage
  • Uo to S$1,000,000 overseas medical expenses
  • Up to S$15,000 trip cancellation
  • Up to S$7,500 baggage loss
From S$49
Singlife Travel Insurance
Singlife unveils new brand after acquisition of Aviva ...

SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Get up to 40% off when you buy NOW! Valid till 30 April 2024. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

MSIG TravelEasy has been enhanced to provide better travel protection with over 50 benefits and COVID-19 coverage.

Up to S$3,000 per article
  • COVID-19 coverage
  • Up to unlimited overseas medical expenses
  • Up to S$20,000 trip cancellation
  • Up to S$8,000 baggage loss
From S$34.12
Sompo Travel Insurance

Up to S$500 sub-limit
  • COVID-19 coverage
  • Up to S$400,000 overseas medical expenses
  • Up to S$10,000 trip cancellation and postponement
  • S$1,000 baggage loss
From S$49
Starr TraveLead Travel Insurance

S$400 sub-limit
  • COVID-19 coverage
  • Up to S$1,000,000 overseas medical expenses
  • Up to S$15,000 trip cancellation
  • Up to S$7,500 baggage loss
From S$27
Tokio Marine™ Xplora Plus
Tokio Marine Travel Explorer P325 - Unlimited medical expenses
S$500 per article
  • COVID-19 coverage
  • Up to S$500,000 overseas medical expenses
  • Up to S$10,000 trip cancellation
  • Up to S$7,500 baggage loss
From S$62

Premium plans are based on single travel insurance for a five-day trip to Thailand (ASEAN Region). The coverage also differs according to different tiered plans.

 

 

Read these next:
Travel Insurance Plans For Stolen/Lost Phones: Claim Up to S$2,000
Claim Up to S$1,000 on Camera Equipment With These Travel Insurance Plans
Travel Insurance Policies that Cover up to S$2,000 For Laptops


Which travel insurance policy is the best for jewellery coverage?

Most value-for-money: Ergo TravelProtect

If you’re looking for a plan that offers decent coverage for your jewellery yet is affordable at the same time, Ergo TravelProtect is your go-to travel insurance policy. 

With plans starting from S$25 for a five-day trip to Thailand, you’re getting up to S$1,000 sub-limit coverage for your jewellery and souvenirs if you opt for the most expensive Deluxe plan, and up to S$8,000 for your loss of baggage.

Other coverages that come with the plan are also pretty reasonable. You’re covered up to S$1,000,000 for overseas medical expenses incurred overseas, up to S$50,000 medical expenses incurred in Singapore post-trip, and up to S$20,000 hospital allowance overseas, S$200 for each continuous 24-hour period.

You’re also covered up to S$15,000 for trip cancellation before you leave Singapore, up to S$2,000 for trip postponements and S$100 for every full 6 consecutive hours of flight delay when you’re overseas, up to S$1,000.

logo-ergo

 

 

Highest coverage: Singlife Travel Insurance

Singlife Travel Insurance offers up to S$3,000 coverage for loss of valuables, which includes jewellery, making it the travel insurance policy that’s hard to beat. If you’re concerned with your personal money lost or stolen, they’re also offering up to S$500 for cash bank notes. For any loss of baggage, you’ll get up to S$8,000 coverage with their Prestige plan, and up to S$700 for any article or set of articles grouped together.

In terms of medical coverage, they also offer relatively high coverage. For overseas emergency medical expenses, you’re entitled to unlimited claims if you opt for the Prestige plan. Medical expenses incurred in Singapore will entitle you to a maximum claim of S$80,000. Meanwhile, accidental death, permanent disablement and burn benefit will give you up to S$500,000 coverage.

For travel delays, you’ll get up to S$2,000, with S$100 for each consecutive 6-hour delay, and up to S$20,000 for any trip cancellation. They also offer other coverages like trip cancellation for any reason of up to S$5,000 and rainfall protection.

logo-singlife

 

Singlife Travel Insurance Promotion:

Single Trip: Enjoy a 25% discount when you use the promo code TRAVEL25 for Single Trip. Valid till 30 April 2024. T&Cs apply.

Annual Trip: Use promo code ANNUAL20 to get 20% off Annual Trip plans and get up to SGD 100 UNIQGIFT Vouchers from Singlife. Valid till 19 April 2024. T&Cs apply.

Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 


SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Get up to 40% off when you buy NOW! Valid till 30 April 2024. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

MSIG TravelEasy has been enhanced to provide better travel protection with over 50 benefits and COVID-19 coverage.

 

Honorable mention: AIG Travel Guard

Offering coverage of S$1,000 sub-limit for lost, stolen or damaged jewellery and up to S$10,000 for lost baggage, AIG Travel Guard is a travel insurance to consider as well, given it’s higher than average claim limit for jewellery. 

With regards to medical expenses incurred overseas, AIG is offering up to S$2,500,000, as well as a woman’s benefit for medical expenses of up to S$8,000 that’s only applicable to the Supreme and Enhanced plans. If you opt for the Supreme and Enhanced plans, they also offer unlimited coverage for overseas emergency medical-related expenses including evacuation and repatriation.

Baggage delays entitle you to an S$200 claim for every 6 hours, up to S$1,600, while travel delays allow you to make a S$100 claim for every 6 hours, up to S$3,000.

aig-logo

 

SingSaver's Exclusive AIG Travel Guard® Direct Promotion:

Single Trip: Receive up to S$68 PayNow and when you buy NOW! (minimum premium of $80). Valid till 30 April 2024. T&Cs apply.

Annual Trip:  Receive $188 PayNow when you apply NOW! (minimum premium of $650). Valid till 30 April2024. T&Cs apply.

Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 


 


What to do if you lose your jewellery overseas?

#1 Contact your travel insurer to inform & ask about the claims process

The chances of locating your personal belongings if stolen are unfortunately relatively slim. Regardless of it, you should contact your travel insurance agency to file a claim. Depending on how many things are stolen and the travel insurance plan coverage, you can sometimes get a decent claim amount to fully cover the cost of your jewellery.

This is where you’ll need the police report as proof that your items have been stolen. Without a police report, the compensation may either be delayed or rejected. Always reach out to your travel insurance agency if you need help filing a claim or need help understanding the fine print.

#2 Report to the local authorities

When you realise your belongings are missing, it’s best to report them to the local authorities immediately so they can take action. However, you shouldn’t have high hopes of recovering your device. Nevertheless, there’s no harm in filing a report — you’ll also need it for your travel insurance claim.

If there’s a language barrier between you and the local police, there’s always Google translate to save the day. Alternatively, you can also bring along or request help from a local who can speak your language to help with translation. The Singapore embassy may also be able to help!

Be sure to take several copies of the police statement for your own keepsake and your travel insurance agent.

 

 

#3 Visit the Singapore embassy

The Singapore embassy will be able to advise you on your next steps, including referring you to a list of local lawyers for your reference if you would like to engage a lawyer for your case.

 

 

Read these next:
Where to Buy Travel Insurance 2032 (With COVID-19 Coverage): Insurers, Credit Card Rewards, or Airlines
10 Tips on Buying the Right Travel Insurance in Singapore
Travel Insurance Add-ons: Which Ones are Worth Your Money?
Find Out About HL Assurance Travel Insurance Singapore
Find Out About Great Eastern Travel Insurance Singapore
Find Out About Tokio Marine Travel Insurance Singapore

A mahjong addict with an undying love for dogs, Deborah is always on the hunt for cheap deals because she is always broke. That is why she is attempting to be more financially savvy to be.. less broke

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