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

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 altogetWhile 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 under travel 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.

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Best travel insurance with high coverage for jewellery

Travel insurance	Coverage for lost/stolen jewellery	Other coverages	Premium
AIG Travel Guard Apply Now	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 Apply Now (Single Trip)	Up to S$2,000 (max benefit for all high value items)	COVID-19 coverage Up to S$1,000,000 overseas medical expenses Up to S$15,000 trip cancellation Up to S$7,000 baggage loss	From S$39
Ergo Travel Insurance Apply Now	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 Apply Now	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 Apply Now	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 Apply Now	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 SingSaver Exclusive Promotion: Enjoy 40% off Single Trip plans and 20% off Annual Plans. In addition, receive up to S$38 via PayNow when you apply. Valid till 31 March 2023. T&Cs apply. Plus, score a ReboundTAG (worth S$31.90) + a BRONZE ticket (1x chance) in our March Madness Grand Lucky Draw when you apply, for a chance to win your share of over S$20,000 worth of prizes! Valid till 2 April 2023. T&Cs apply. Apply Now Apply Now	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 Apply Now	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 Apply Now	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 Apply Now	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 Apply Now	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.

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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.

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.

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.

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.

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