Travel Insurance Policies that Cover up to S$2,000 for your Laptops

Is your laptop coming along with you on your vacation? Here are the best travel insurance policies that offer high coverage for your laptops.

Bringing along our laptops for travelling might be essential for some, especially if they we on a short business trip, doing remote work, or just want to catch up on some Netflix on our vacation. 

And we all know that laptops are extremely pricey these days, and they are one of our prized possessions because of the important data and information that are stored on them. That is why we’ll definitely want to get the best coverage for our laptops in case of the unexpected: our laptops are misplaced, stolen, damaged or stolen.

Whatever the scenario, it’s important to choose the right travel insurance policy offering the best coverage payout to protect your camera gear and equipment. 

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Best travel insurance with high coverage for stolen or lost laptop

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.

Which travel insurance policy is the best for laptop coverage?

Most value-for-money: Starr Travelead Travel Insurance

Nothing beats Starr Travelead Travel Insurance in terms of its value-for-money aspect. Not only is it one of the cheaper plans, but it offers a very decent coverage of S1,400 for stolen or lost laptops across all plans — that’s essentially the price of a brand new Macbook Air!

The personal baggage coverage is up to S$7,500 for the Gold plan but the sub limit for laptops are S$1,400 for all plans. For mobile phones and related accessories, the sub limit is $400 while cameras are S$1,000 respectively.

The other coverages are also very decent. For a very affordable price of S$46 (for a 5-day trip to Thailand) for the most comprehensive Gold-tier plan, you’re covered up to S$500,000 for accidental death and disablement, up to S$1,000,000 medical expenses, up to S$65,000 for overseas COVID-19 medical expenses and up to S$15,000 for trip cancellation.

The best part about this plan is that you can customise your coverage according to your needs. For example, if you don’t need trip coverage, you can always remove it from your plan to make it more affordable.

They also offer add-on coverages like Golf Protection, Cruise Vacation, Scuba Diving and Snow Sports.

Highest coverage: Allianz Travel Hero

If you want the highest coverage for your laptop, look no further than Allianz Travel Insurance as they offer up to S$1,000 for all high-value items that are lost or stolen for the Platinum plan. The coverage for all high-value items for the Bronze and SIlver plans are S$500 and S$1,000 respectively.

With such a high limit, the policy comes at a slightly steeper price, starting from S$39, for a single trip Bronze plan for a 5-day trip to Thailand.

For the most comprehensive Platinum plan, you’ll get up to S$1,000,000 overseas emergency medical and dental coverage, up to S$100,000 travel accident coverage resulting in death or disability, up to S$10,000 trip cancellation, up to S$1,600 travel delay, up to S$5,000 lost or stolen baggage, and up to S$1,000 baggage delay.

Honorable mention: FWD Travel Insurance

FWD travel insurance also stands out from the rest because of its high coverage for laptops, at S$1,000 across all plans. Not only is the coverage pretty decent, but it also offers very affordable premiums.

Other coverages include up to S$1,000,000 for overseas medical expenses, up to S$15,000 for travel cancellation and up to S$1,000 for travel delay.

If you wish to have COVID-19 coverage, you’ll need to opt for the COVID-19 rider that covers up to S$5,000 for trip cancellation, up to S$200,000 for COVID-19 medical expenses during or after your trip, and S$100 a day for up to 14 days if hospitalised due to COVID-19.

What to do if you lose your camera and equipment overseas?

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

The chances of locating your devices 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 electronics.

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

Whether or not you’ve managed to locate your laptop, it’s best to report it to the local authorities immediately so they can take action. However, given that certain countries always have theft cases, 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

Losing your precious devices like your laptop in a foreign country can be extremely daunting and scary, especially if it has important work-related documents on it. It helps if you visit the Singapore embassy to request assistance.

They 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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