Important Tips For Keeping Your Home Safe While On Vacation

Vacation is beneficial to our mental and physical health, as well as our overall well-being – science says so. It gives us a break from our normal routines and allows us to put energy into traveling somewhere new or cherished. In fact, new and familiar destinations can give our minds a chance to reset. However, travel anxiety while on vacation can make it difficult for us to enjoy our time off. Many struggle to disconnect from their professional lives, devoting time to remote work that ought to be spent relaxing. Admittedly, for many with children, pets, or a stressful job, completely going off the grid may not be the easiest thing to do.

While On Vacation

 

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 hedge fund letters, conference, scoops etc

New research might indicate that we shouldn’t chalk up these travel-related stressors to paranoia, however. According to a study by Cove, a smart home security company, over 15% of people have been the victims of theft while on vacation. Whether a home robbery while out of town or a pickpocketer, homeowners and vacationers alike can fall prey to criminal behavior.

Key tips for security while on vacation

One of the best ways to stay safe is to be informed. Research your destination’s crime rates and trends in advance: 34% of respondents studied up on local crime and scams when they traveled domestically or internationally. There are a variety of scams and looting practices that vary depending on where you are. For example, certain cities in Europe are notorious for their networks of advanced pickpocketers, such as in Prague, Barcelona, and Rome. In other cities, issues like violent crime and assault demand that people stay alert.

It’s clear that keeping a low profile is a smart move, but it’s impossible to control someone else’s actions. One way to keep under the radar is to minimize live updates while on vacation as much as possible. Posting to social media gives you a chance to share your adventures, but it can alert possible thieves that your home is vulnerable.

Cove survey respondents reported using a variety of tactics to protect their homes, including having someone stop by (47%) and hiring a housesitter (37%).

Proactive measures such as using a hotel lockbox for valuables or separating currency are solid and proactive means to protect your belongings. Vacationing is a time to let go and enjoy life’s most precious moments, but it’s important to remain vigilant regarding the dangers that exist, both at home and abroad.

While On Vacation

While On Vacation

Home

Home

Home

Home

Home

Home

Home




About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver