Most travel policies will pay out for insured items that are lost or stolen. However, the payment made will reflect the current value of the item, taking into account wear, tear and depreciation from the date it was purchased.

The table below shows the standard reductions used across the insurance industry.

Description Age of Product Age of Product Age of Product Age of Product Age of Product Age of Product Age of Product Age of Product Age of Product Age of Product
Clothes 0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
General clothing (Trousers, tops etc) 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Underwear 0% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Outerwear (coats, jackets, etc) 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Hats 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Socks 0% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Stockings 0% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Belts 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Braces 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Cosmetics and toiletries
(excluding items considered as “Duty Free”)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Make-Up 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Hair products 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Perfumes / Deodorants 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Creams / Lotions 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Brushes / Combs 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Toothbrushes / Toothpastes / Mouthwashes 25% 50% 100% 100% 100% 100% 100% 100% 100% 100%
Luggage 0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Handbags 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Suitcases 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Holdalls 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Rucksacks 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Briefcases 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Electrical items & photographic equipment
(any item requiring power, either from
the mains or from a battery, and any equipment used with them)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
General electrical items 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Laptops, computers, Ipads, Mac, Web books etc 0% 20% 40% 60% 60% 80% 100% 100% 100% 100%
Ipods, MP3 players, Diskplayers etc 0% 15.50% 25% 37.50% 50% 62.50% 75% 87.50% 100% 100%
Games consoles and games 0% 15.50% 25% 37.50% 50% 62.50% 75% 87.50% 100% 100%
Digital Cameras and memory cards 0% 15.50% 25% 37.50% 50% 62.50% 75% 87.50% 100% 100%
Disc, cassette and film cameras, camcorders 0% 15.50% 25% 37.50% 50% 62.50% 75% 87.50% 100% 100%
Used discs, cassettes and films 0% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Satellite Navigation Equipment 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Mobile telephones, accessories and call charges 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Drones 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Fine Jewellery and watches
(made of, or containing any precious
or semi-precious stones or metal)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Rings 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Watches 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Necklaces 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Earrings 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Bracelets 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Body Rings 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Eyewear 0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Spectacles 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Sunglasses / Prescription Spectacles 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Binoculars and telescopes 0% 5% 10% 15% 20% 25% 30% 35% 50% 75%
Footwear 0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Boots 0% 50% 75% 100% 100% 100% 100% 100% 100% 100%
Shoes 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Trainers 0% 5% 10% 15% 20% 25% 30% 35% 50% 75%
Sandals 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Winter sports equipment
(If not standard, only applicable when
additional premium has been paid)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Skis / Snowboards 0% 40% 45% 50% 55% 60% 70% 80% 90% 100%
Ski suits 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Ski boots 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Golf equipment (If not standard,
only applicable when additional premium
has been paid)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Golf clubs and woods 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%
Golf trolley 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Golf footwear and clothing 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Fishing equipment (If not standard,
only applicable when additional premium
has been paid)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Fishing lines and nets 0% 15% 30% 45% 60% 75% 90% 100% 100% 100%
Other fishing equipment (tents etc) 0% 10% 20% 30% 40% 50% 60% 70% 80% 100%
Business equipment (If not standard,
only applicable when additional premium
has been paid)
0-6 Months 6-12 Months 12-18 Months 18-24 Months 24-30 Months 30-36 Months 36-42 Months 42-48 Months 48-60 Months Over 60 Months
Business equipment 0% 20% 40% 60% 80% 100% 100% 100% 100% 100%

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