Does Travel Insurance Cover Theft Of Money

The coverage varies depending on the policy in question. While many travel insurance policies generally exclude theft of money, certain plans might provide limited coverage.

It is advisable to consult your insurer to ascertain the specific inclusions and exclusions in your policy.

In terms of the theft of money, travel insurance, unfortunately, does not offer coverage.

Travel insurance coverage for theft of money
Travel insurance coverage for theft of money: Photo source (Sapling)

What is not covered by travel insurance?

Before traveling, understand your insurance coverage.

Allianz Global Assistance notes that trip cancellations or interruptions due to known events, epidemics, or travel fears may not be covered.

Read your policy’s details to know what’s included.

Travel insurance aims to reimburse non-refundable expenses if you cancel, but documentation is required.

Check with your supplier before canceling, as they might refund a portion of the trip cost.

What is typically covered by travel insurance

A good travel insurance policy covers various potential issues during your trip, such as delays, cancellations, lost luggage, and emergency medical costs.

Before purchasing, always check the policy details to ensure it covers all possible scenarios.

If you need to cancel or delay your trip due to sickness, injury, or a family death, your travel insurance can provide financial protection and cover medical expenses.

When should I file a travel insurance claim?

File your travel insurance claim within 90 days of the incident to avoid denial.

For trips exceeding 31 days, consider long-stay insurance covering up to 18 months, suitable for gap year students, backpackers, and extended travelers.

What are three things you should look out for when buying travel insurance

When buying travel insurance:

  • Ensure the policy duration matches your entire trip.
  • Confirm coverage for all your destinations.
  • Consider pre-existing medical conditions.
  • Check for additional coverage for risky activities.
  • Evaluate affordability of the excess amount.
  • Confirm coverage for all belongings.
  • Report theft promptly to meet policy deadlines.


Certainly, travel insurance usually includes protection for money theft, but it often involves a deductible, and the coverage might be capped at a specific amount.

To ensure comprehensive protection against the possibility of theft, especially considering the significance of money during travel, it is advisable to opt for travel insurance as a precautionary measure.


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