Today, almost everyone owns multiple gadgets, from laptops, cell phones, and cameras to eBooks, tablets, music players, and GPS devices. While most of these devices will work flawlessly for years to come, it is the portable nature of these gadgets that can make them particularly vulnerable to damage, theft or loss when used on the go. The only way to protect against loss is to insure your gadget.
Think about it this way: if your gadget were damaged or stolen, could you manage without it for a while? If you are devastated when something happens to your gadget, it is a sure sign that you need to get gadget insurance.
Are gadgets not included in the home insurance?
Not necessary. There are a few home insurance policies that also cover gadgets, but not all of them. If you already pay premiums for your home contents insurance, take the time to read the clauses carefully to see what is covered and the level of protection you are likely to receive.
If your gadget isn’t covered by your home contents insurance policy, consider purchasing a separate gadget insurance policy.
Good gadget insurance protects you against accidental and liquid damage, theft and loss, and more.
How to choose an insurance company that’s right for you
Choosing the right insurance company should be at the top of your list when looking for gadget insurance. Without proper due diligence, you could end up with an insurance company that has a reputation for poor customer service.
Here are some things to look out for when choosing an insurance company for your gadget insurance:
• Is the company FCA regulated – If a company is FCA regulated it means they operate to very high standards and are completely reliable. Insurance companies that are not FCA regulated may not be above board. That’s not a chance you should want to take.
• Check the rating of the company – You can check the rating of any company today using a free or paid service. The reviews give you a pretty good idea about the efficiency and reliability of the company.
• Does the insurance company have a physical address – Having a physical address gives the customer confidence that there are real people running the business and that these people can be contacted when needed. When a business operates entirely over the Internet without a physical address, who do you turn to when you’re looking for the answer to a question or need something to help you solve a problem?
• Does the company have a plan that meets your needs? Each insurance company has its own unique range of insurance plans. It’s important to take the time and compare plans so you choose one that meets your needs and fits your budget.
Gadget insurance is highly recommended if you own one or more high-end gadgets. You may have to pay a small premium, but the benefits far outweigh the costs.