Personal Belongings refer to personal items regularly worn or carried on the Insured for his/her personal use, for example watch, wallet, purse, mobile phone, bag, or other valuables.
Theft means the act of removing the goods from the possession of another without the owner’s consent by taking and/or carrying away with the intention to steal or deprive the owner permanently of his property.
For ‘Loss of Personal Belongings due to Theft’, the benefit shall not be payable for:
- Loss due to any fraudulent, dishonest or criminal act by the Insured, persons known to the Insured or Insured’s family members, whether acting alone or collusion with others;
- Loss that are caused by any events other than theft, such as fire, water, normal wear and tear, manufacturing defects, vermin, insects, cleaning or repairs, or similar events;
- Intentional or malicious acts or gross negligence or carelessness of the Insured;
- Mislaying, misplacing or mysterious disappearance of Insured’ personal belongings;
- Loss of securities, obligations, deeds, bonds, bills of exchange, promissory notes, or documents of any kind, stamps, coins or paper money, cheques, currency notes, bank notes manuscripts, books of account or other business books, or computer systems records;
- Transportation tickets or other similar items that were also lost;
- Contraband or illegal goods;
Note: The list is non-exhaustive. Please refer to the policy contract for the full exclusions of WalletSafe.