Claims are evaluated on an 'indemnity basis'. This means the market value of the article including deduction for age, wear, tear and
depreciation, or the cost of repair, whichever is lesser. The following limits apply:
A. Diving Equipment:
Up to maximum of 50% of cost as new for any one item to a maximum loss as defined in the Schedule of Benefits. Coverage
is supplementary to any other coverage held by You. This includes but is not limited to tanks, vest, regulators, and dive
computers/calculators.
B. Non diving equipment:
a. €500 in respect of any one article, pair or set of articles not defined under “Valuables”.
b. €300 overall in respect of valuables/electronics (see definition below).
Valuables: Are defined but not limited to photographic equipment, tablet PCs, computers, iPods, Smartphones, phones, MP3 players
and personal music and stereo equipment devices of any kind, telescope and binoculars, antiques, fur, and articles made of or
containing gold, silver or other precious metals or animal skins or hides. Valuation is at the sole discretion of the Insurer and are
considered final.
Specific Conditions & Exclusions - Baggage:
6.1. You must observe ordinary proper care in the supervision of Your property and in all cases of loss.
6.2. The Insurer shall not be liable for:
6.2.1. Money, Credit Cards
6.2.2. Damage to luggage of any kind and or its contents.
6.2.3. Any loss or theft, or suspected theft not reported to the Police within 24 hours of discovery and a
written report obtained;
6.2.4. Any damage or loss or theft of property in transit, which has not been reported to the carrier and
written report obtained. In the case of an airline a Property Irregularity Report will be required;
6.2.5. Loss or theft of any property left unattended in a public place unless the loss occurred during a
medical emergency;
6.2.6. Any theft from an unattended motor vehicle.
6.2.7. Loss, damage or theft of valuables and money packed in suitcases or other receptacles while traveling.
