Get cover for your essentials
Get cover for your essentials

Posted | January 28, 2021

Make life easier with All Risk Cover

Life wasn’t made to live in one place. It’s human nature to want to be out and about, which means that items of value leave with you. This leaves them at risk of loss or theft, rather than suffer the inconvenience of having to leave them at home, get all risk cover!

As a type of personal insurance, all risk insurance extends to items that leave home on a regular basis. It covers items that you wear or carry with you when you go to work, leave on holiday, enjoy your hobbies and even go out on the town. As a result, it’s safe to say that home insurance alone is not enough to guarantee that the risk of your hard-earned valuables is minimised!

How does this cover work?

Your items will fall into one of two categories: specified or unspecified:

Specified all risk refers to possessions that you have noted on your policy schedule and will be compensated for in full if they are ever stolen or misplaced. For this, you will need to include any serial numbers on laptops or phones as well as valuation certificates for jewellery. The more specific you can be here, the better.

Unspecified all risk pertains to items that are automatically covered but only to a certain amount. As these items weren’t specified on your policy schedule, there will be a limit applied to what will and won’t be paid out. This might include sunglasses or clothing.

Why is all risk cover important?

Anything can happen at any time, life is unpredictable and this is why you should always be prepared for the unforeseen. Here are just a few reasons why you should consider insuring your personal property with all risk cover:

You should be present and enjoy life

Whether you’re out to lunch with a friend or away for the weekend, you owe it to yourself to enjoy the sweeter moments in life. Whilst theft during times like this is never pleasant, it’s made a little easier when you know you’ll be compensated for your loss.

Elevate some of your stress

Daily life is stressful enough without having to worry about important items getting stolen or misplaced when you’re away from home. This is why a policy like all risks does more than just insure your portable goods. It delivers peace of mind, which in today’s busy lifestyle we all know is priceless.

Make sure you’re never out of pocket

When valuable items have been stolen the price to replace these can be astounding. This is especially true if you step out with your laptop, smartphone, smartwatch or expensive jewellery. For this reason, all risk cover makes sure you’re not left financially vulnerable to such losses.

Which items should you specify?

  • Laptops, tablets or any handheld electronic device
  • Cellphones and smartphones
  • Spectacles and sunglasses
  • MP3 players, iPods, portable speakers and headphones
  • Cameras or any photographic equipment like drones or GoPros
  • Jewellery items including watches and engagement rings
  • Equipment worn and/or used during sporting activities
  • Baby equipment such as prams or children’s car seats
  • Bicycles
  • GPS devices
  • Firearms
  • Vehicle sound equipment, CDs, DVDs
  • Other specified items

If you have any questions about all risk cover or want to know how much this type of policy will cost you, why not meet with one of Mont Blanc's skilled brokers?

Sitting down and discussing your particulars with someone passionate and knowledgeable will make you more likely to get a product that suits your needs and lifestyle.

You may even find that there are other insurance and assurance products that you should be adding to your portfolio. With more than 20 years’ experience in the insurance world and brokers who really care about you and your wellbeing, you owe it to yourself to speak to the experts. Our team of brokers are always ready and waiting to assist you should you have a query.

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