Best Westpac Travel Insurance

First time I've claimed on my credit card complimentary travel insurance Westpac / Allianz ... for a lost apple watch. Claim accepted but got back… Read more

$50! after excess and depreciation applied. For any luggage type claim - value of goods depreciated at 15% a year from purchase - which - say three years - will reduce value (not anything to do with replacement $) close to 50% and continuing, up to 80%. Advised I was lucky it wasn't 20% a year which is applied to all electronic goods eg your phone.

Would be a good thing to check on comparable policies, high risk your luggage and effects close to worthless.

And I asked what happens if I my wedding ring stolen- advised I would only get what I paid for it (assuming that is less than what it is worth today- it's always the lessor value) - so if I bought it 30 years ago for $800, will not take into account present day value.

Beware!