There are two kinds of frequent travelers- those who have to travel due to business/work reasons, and those who just like to travel to learn about new cultures and make new friends. However, irrespective of which category you belong to, there are certain risks you are more vulnerable to than others.
On one hand, there are travel-related risks such as falling ill in a foreign country, losing your baggage at an airport, etc. for which there is travel insurance, and on the other hand, there are threats to your house such as thievery, damage due to floods, fire, etc. for which there is home insurance. In this blog, we will shed light on some of the biggest reasons why the latter is important for frequent travelers.
Robberies
Since you travel frequently, you spend a lot of time away from home. So, you must take measures to protect your property and belongings from thieves and burglars. In fact, the burglars often target frequent travelers as they know it’s easier to empty a house of expensive items and money when there is no one to guard it or inform the cops.
If you don’t want to leave your house vulnerable to thefts, then you should get adequate home insurance as soon as possible. Also, remember that sharing vacation pictures can put your home at risk of robbery as well. So, it’s better to wait until you come back home before you share the photos with your friends on the Internet.
Fire and Water Damage
Have you ever wondered what would you do if you are staying in a foreign country and a fire breaks out in your home? When you are not around to protect your residence from threats like this, then you can lose all your prized possessions in the blink of an eye.
Consider another example in which a water pipe starts leaking during your absence. If there is no one present to fix the problem, then the leakage can flood your entire house within hours and ruin the furniture, expensive appliances, and the property itself.
Both of these examples show why home insurance is important. This is because if either of the events were to actually take place and you have insurance, then you can receive full compensation for the damages. Plus, most of the home insurance policies also cover relocation expenses. So, if your home is inhabitable due to problems like these, then you can stay in a hotel until the renovation is completed and your insurance provider will bear all the expenses including lodging, laundry, food, and traveling.
Personal Liability
It’s common for frequent travelers to hire house sitters to take care of their homes when they are away. Now, there is nothing wrong with this arrangement as it helps both parties but there is always the possibility of facing a lawsuit even if you have done your research and hired a house sitter after reading a comprehensive guide.
For instance, let’s say that you have a pet dog who is also being taken care of by the house sitter. While you are away, your four-legged friend could hurt the person. In another possible scenario, the house sitter could accidentally fall down the staircase due to a broken step and become injured. In situations like these, they may decide to sue you irrespective of whether their case is legitimate or not; there is no one to confirm it anyway. However, if they win the case, then you may have to pay a huge settlement amount along with legal fees and other expenses. Once again, if you have home insurance with liability cover, then you can easily protect yourself from problems like these.
In case you live with your girlfriend/boyfriend who stays at home when you travel, then you can also declare them additional insured which can provide them insurance cover even if they are not married to you yet. You can do the same for a distant relative who is staying with you if your insurance policy doesn’t cover non-family members in the base plan.
Peace of Mind
It’s one thing to spend 8-10 hours a day at work and another to spend days or even weeks away from your home. When you distance yourself from your home for long periods and don’t have insurance, then you are inevitably bugged by thoughts about your home’s safety.
Now, robbers and vandals you may not worry about much, but if you start thinking about the kind of havoc natural disasters like floods and tornados can wreak on your safe haven, then you may even lose sleep at nights. This kind of problem is often seen among those who live in regions which are more vulnerable to natural disasters. Needless to say, home insurance can help you a lot in overcoming common fears of traveling abroad as you will be able to fully enjoy your trips knowing that your home is protected at all times.
Home insurance is one of the best investments that you will make in your life. There is no question about it. It’s important for every homeowner, but if you are a frequent traveler, then you need it even more. So, be sure to get yours before you set off on your next trip and say goodbye to anxiety once and for all.
