ID Theft
Why can travel insurance cover loss but not theft?
I was on a trip and my purse was stolen with my money, credit cards, id, licence etc, inside. when I called the trip insurance number they asked "did u lose it or was it stolen?" when I told them it was stolen, they say they didnt cover that.
Public Comments
- Theft is too hard to account for... for the insurance companies.
- I suppose it depends who you buy your insurance from, different companies cover different things. I believe th company I use for my trips cover theft, but you have to file a police report and use that as proof. Otherwise, they really have no way of telling what really happened.
- Loss could be due to any non-deliberate act, like natural calamities, accidents etc. where the passenger has no direct control. Whereas, theft is only due to negligence, carelessness etc. on his/her part.Hence "Loss" is covered, but not "Theft".
