The king’s portable possessions insurance for your precious things
Between laptops, smartphones, tablets, designer sunglasses and the classical guitar you take to entertain friends at dinner parties, chances are you have quite a few precious possessions on you at any given time. King Price offers portable possessions insurance specifically for the things you carry with you every day.
Key takeaways
- Portable possessions insurance covers items you take out of the home, complementing (not replacing) home contents insurance
- Unspecified cover applies one overall limit to a range of everyday items
- Any single item worth more than R2,000 should be specified individually on your schedule
- Bicycles and hearing aids qualify for King Price's R1 insurance option
- Portable possessions is a sub-product and requires a qualifying host product such as home contents insurance
What is portable possessions insurance?
Home contents insurance covers the things inside your home. Portable possessions insurance covers the things that leave with you. Your laptop in your bag, your rings on your fingers, your camera over your shoulder. These items want to go with you to see the world, and portable possessions cover is designed to protect them when they do.
One important note: portable possessions insurance is a sub-product, which means it needs to be added to a qualifying host product (like home contents insurance) and cannot be taken out on its own.
- Portable possessions insurance
- A sub-product that covers the loss, theft or damage of items you wear or carry with you outside the home. It complements home contents insurance and cannot be purchased as a stand-alone policy. Items under R2,000 can sit under unspecified cover; items over R2,000 should be specified individually on your schedule.
Unspecified vs specified cover: what’s the difference?
Portable possessions cover works in two ways.
Unspecified cover applies a single overall limit to a range of everyday items you wear or carry. Think of it as a catch-all for the smaller things that change from day to day. All qualifying items are covered under one combined limit, with an individual maximum value per item.
Specified cover is for items that exceed the individual maximum value under unspecified cover, or items that need their own line on your schedule. Each specified item gets its own entry on your insurance schedule and its own monthly premium.
What can you insure with portable possessions cover?
Here is a full list of the item categories King Price covers under portable possessions insurance. Items marked with an asterisk (*) may qualify for the R1 insurance option.
- Cellphones (IMEI must match your schedule, and the phone must have been used since cover started)
- Laptops, tablets and iPads
- Cameras, lenses and drones
- Jewellery (items valued at R15,000 or more need a valuation certificate; items valued at R35,000 or more individually must be stored in a SABS-compliant safe)
- Watches (same R15,000 valuation and R35,000 safe rules apply)
- Eyewear (prescription glasses, sunglasses and contact lenses)
- Sport equipment (golf clubs, surfboards, mountain bikes)
- Bicycles* (also available for R1 per month)
- Hearing aids* (also available for R1 per month)
- Handbags and designer bags
- Clothes (designer clothing, wedding dresses, leather jackets)
The R1 insurance option for bicycles and hearing aids
King Price offers R1 insurance for bicycles, hearing aids, golf clubs and motorbike riding gear. For just R1 per month, you can get these items covered without it hurting your wallet. If you want to add R1 cover for your bicycle or hearing aids, mention it when you get your quote or call us on 0860 50 50 50.
King Price offers R1 per month insurance for bicycles, hearing aids, golf clubs and motorbike riding gear.
What portable possessions insurance does NOT cover
A few important exclusions to keep in mind:
- Items you voluntarily give away or lend out are not covered
- Cellphone claims require the IMEI number on the phone to match the one on your schedule, and the phone must have been used (a call or SMS) since cover started
- Jewellery and watches valued above R35,000 individually are only covered if stored in a SABS-compliant safe
- Items valued above R2,000 that are not individually specified on your schedule may not be fully covered
- Under-insurance applies: if you insure your items for less than their full replacement value, your claim payout will be proportionally reduced
How to get portable possessions cover with King Price
How to add portable possessions insurance to your King Price policy
- Supplies:
- List of items you want to cover
- Estimated replacement values for each item
- Valuation certificates for jewellery or watches valued at R15,000 or more
- IMEI number for any cellphone you want to insure
- Tools:
- King Price website
- King Price app (iOS, Android or Huawei)
- Phone
Get a quote
Visit kingprice.co.za or call 0860 50 50 50 to get a quote. Portable possessions cover needs to be added to a qualifying host product such as home contents insurance.
List your items
Decide which items you want under unspecified cover and which need to be specified individually. Any item worth more than R2,000 should be specified.
Provide supporting documents
Have valuation certificates ready for jewellery or watches valued at R15,000 or more. Have your cellphone IMEI number ready for any phones you want covered.
Confirm your schedule
Check that each specified item appears correctly on your insurance schedule with its own sum insured and premium before your policy goes live.
Ready to cover your precious things?
Get a quote from the king of price for your portable treasures at kingprice.co.za or call us on 0860 50 50 50. You can also manage your policy on the King Price app (available on iOS, Android and Huawei) or via the self-service portal at ssp.kingprice.co.za.
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