Laptop Insurance And Tablet Insuranceshould You Get Covered
Investing in insurance can wind up saving you big time. Heres what to consider when insuring your devices.
7 min read
Our laptops and tablets can feel like extensions of our bodies. We use them every day for both work and relaxation, and take them with us when were on the go. With all this heavy use, we increase the likelihood that they might get lost or damaged. Laptop insurance and tablet insurance can protect youand your walletfrom these unfortunate accidents. Heres everything you need to know about this important type of insurance, and why you might want to consider investing.
What Does Laptop Insurance Cost
Your laptop insurance premium will depend on the type of coverage, deductible, and protection you choose. Most individual policies range from $28 to a few hundred a year. For instance, policyholders who choose longer coverage terms or those who opt for higher deductible amounts tend to have lower premiums per year. Other factors that may also affect premium prices include the value or purchase price of your laptop.
Accidental Damage Buildings Insurance
Buildings cover is a policy for people who own their home and covers the structural parts of your building. This means things like your roof, windows and walls of the property. Read more on what buildings insurance is here.
Buildings insurance is often combined with contents insurance to offer homeowners cover under one policy.
Accidental Damage on buildings insurance will cover unintentional damage caused to the structural part of the building itself. An example of this could be putting your foot through the ceiling whilst in the loft and damaging it.
Accidental Damage on a buildings and contents policy will cover unintentional damage to the structure of the buildings, and to your stuff.
Read more on buildings & contents insurance here.
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What Does Accidental Damage Cover
Accidental damage refers to unexpected and unintended damage or breakage. This would have been caused by a single, sudden and one-off event that was unforeseeable.
For example, if you fell over and accidentally smashed your phone and it stops performing the task it was designed to do, this would commonly be considered as Accidental Damage.
Accidental Damage is usually an add on to insurance policies, so if youre particularly prone to accidents it may be worth considering. Global research company Mintel reports that a third of claims on home insurance are from Accidental Damage, with it being the most popular thing to add onto a policy. Luckily for you, here at Urban Jungle, we include Accidental Damage as standard with our Urban Jungle Contents only policy. Read more about our policy here.
Whether youre looking for home contents insurance or youre looking for buildings insurance or buildings & contents insurance Accidental Damage will vary slightly. Weve put together everything you should consider before purchasing Accidental Damage.
Can I Insure My Laptop
If you have a warranty on your laptop, getting insurance for it could seem unnecessary however, the warranty and insurance will cover slightly different things. A warranty may cover minor repairs or mechanical malfunctions, but it may not provide cover for your laptop if its lost, stolen, or damaged.
It can feel like your whole life is on your laptop. Whether youre writing your best-selling novel, browsing the web or skype calling the family, your most important thoughts and most cherished moments live on your laptop. If anything were to happen to it, your home insurance is designed to help replace or repair your laptop and get you back to your screen as soon as possible.
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What Laptop Can I Insure
It should be no more than 36 months old
Well cover your laptop provided you bought it new or refurbished within the last 36 months.
You bought it in the UK
This means any UK VAT registered company.
Its in good working order
Your laptop must be in good working order at the start of the policy term.
You are 18 years old, or over
We can only enter into contracts with people aged 18 or over.
Does My Laptops Warranty Count As Insurance
Your computer probably came with some kind of manufacturer warranty or guarantee for its first year. Things like defective keyboards, hard drive failures, and other issues caused by faults in the product are usually covered by this warranty.
But if youre left with a cracked when your roommate steps on your laptop, your warranty wont cover it and neither will your home insurance. Thats because accidental damage is usually considered negligence .
Still, youll want to check the details of both your warranty and insurance policy.
Lets say youre a Mac user . Any Macbook includes a limited warranty that offers a year of hardware repair coverage and 90 days of technical support. But Apple also offers a premium protection plan.
A new 13-inch Macbook is eligible for AppleCare+ within 60 days of purchasing for $379. This addition includes three years of service coverage, technical support, two incidents of accidental damage , and battery service if your computer doesnt charge past 80 percent.
But, the plan is expensive, subject to high fees, and doesnt cover theft. Bradley Chambers, a blogger at 9to5Mac, compares the investment in AppleCare+ to his investment in life insurance and deems the add-on a poor choice.
Heres why I dont buy AppleCare: Statistically, you wont need it. Apple only sells AppleCare because people will buy it, and its virtually free money for them.
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What Is The Average Home Insurance Cost In Ontario
According to data from over 2,000 Ratehub.ca users that compared home insurance quotes recently, the average cost of home insurance in Ontario is $1,408 per year. Keep in mind that home insurance is calculated on an individualized basis â the most expensive premium for a policy was $9,503 while the cheapest premium was as low as $446.
In a version of this post from January 2021, the average cost of Ontario homeowners insurance was listed at about $1,250 a year, or just over a hundred bucks a month. Ontario tenants, on the other hand, paid approximately $210 per year, or just shy of $20 per month while Ontario condo owners paid on average about $345 per year for insurance. So with the new average being a near 13% increase, why are home insurance rates rising so quickly?
How We Chose The Best Laptop Insurance
We researched 10 companies offering laptop insurance policies and evaluated each insurer based on factors such as coverage options, price, whether it covers both new and used laptops, and number of claim submissions. First, we considered coverage options to find policies that have the widest range of protection. Then we looked at each plans pricing and whether there are any discounts for multiple policies and longer terms. We also looked at whether each plan allows unlimited claim submissions and the time it takes to process claims.
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Do I Need Accidental Damage Cover
Like most insurance, what you choose to cover is up to you.
Things you may want to consider when deciding if Accidental Damage insurance is worth it:
- Are you an accident prone person?
- Do you often break expensive items by accident?
- Would you have enough money to replace the item if it wasnt insured?
For most insurance policies adding Accidental Damage will make your premium more expensive so its worth weighing up the benefits.
Check If Your Device Is Already Insured
Home contents insurance
Check if your home contents insurance policy includes portable items.
If not, most policies have an option to include them. This will increase your premium, but it’s generally cheaper than paying for separate insurance.
Phone plan insurance
When you buy a new mobile phone, you can usually pay to add insurance to your phone plan.
From 5 October 2021, salespeople must wait four days before selling you insurance as an ‘extra’ to your main purchase. This gives you time to consider if you need it.
If they dont wait before selling it to you, you have the right to cancel the insurance and get a full refund.
If you purchased your device using your credit card, you may have purchase protection insurance. This will cover your device for a short period of time .
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Is Laptop Insurance Worth It
We know how important your laptop is to you – if something were to happen to it, wed be here to help. Some of what we cover includes:
|Replacement of your laptop if you have contents cover||YES||If your laptop is stolen, we would aim to cover it. If your laptop would cost more than £1,500 to replace, to have cover you will need to specify it as an item in your policy.|
|Replacement of your laptop if you have personal possessions cover||YES||If your laptop is lost, stolen or damaged away from home, we would aim to cover it.|
|A cracked screen, or other external damage to your laptop||YES||Were your laptop to be damaged and you had Accidental Damage cover, we would aim to cover the repairs however it would be worth considering the amount of your excess and whether it would be worth claiming for the repairs|
|Damage to your laptop case or other accessories||YES||As part of your contents policy. An excess will apply to your claim.|
|Loss or corruption of software or data caused by computer viruses, malfunction, user error or where no adequate backups have been kept||NO||Unfortunately, if your software or data are corrupted or lost entirely due to any of the aforementioned causes, we would not be able to cover it.|
Everything You Need To Know About Computer Protection
It may be hard to imagine life without your laptop, especially if you use it every day for work or school. But laptops, like anything else, are susceptible to damage and theft, and having to repair or replace one can cause stress and financial hardship.
A laptop insurance contract can help by providing a measure of security against lifes unforeseen incidents. Below, we explore how laptop insurance can be different from other coverages you have, its potential costs, and if you need it.
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What Kind Of Insurance Do I Need For My Laptop Or Tablet
If youre lucky, your laptop and other electronic devices are covered by your renters or homeowners insurance policy. Typically, this means your devices are covered against theft, fire, and defacement. However, this likely wont cover you from accidental damage or theft outside of your home. Additionally, if you file multiple claims within a certain time, its possible that your monthly premium will go up. Whats more, these insurances may only reimburse you for the market value of your device at the time it was stolenwhich may not be enough to purchase a new one.
Thats why it might be a good idea to get a separate device insurance. Insuring your electronics will save you from having to file a claim with your renters or homeowners insurance, and protect you from accidental damage like cracked screens. Now, for as little as 4.76 a month, you can insure your laptop, tablet, smartwatch, or smartphone with N26 Electronics Insurance. This will cover you in the event of theft, burglary, vandalism, accidents, and liquid damage. Plus, you can initiate a claim directly from your N26 app.
Why Choose Post Office Laptop Insurance
Spilling a coffee onto your keyboard isnt the end
You didnt mean to do it, but now your laptops broken. But with Post Office Gadget Insurance, accidental damage is covered as standard.
Cover at home or abroad
We cover your laptop outside of your home and whilst abroad, whether on holiday or with you on your studies
Theft is covered as standard
All of the security software in the world wont protect you against an unscrupulous bag-snatcher. Our insurance covers theft on every policy.
Protection for the whole brood
Our Family Bundles offer a great value way to cover up to 10 gadgets*, including those of your partner and kids.
Payment to suit you
As times change, so do peoples needs, so we want to make our payment plan as flexible as possible. Our pay-as-you-go policy can work around your schedule.
Dedicated, in-house claims team and 24/7 online portal
We think that your claims process should be prompt and informative, so we have an in-house team to help you every step of the way.
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Does Homeowners Insurance Protect My Laptop
Homeowners insurance can protect your laptop against some covered perils, including fire, theft, and covered natural disasters. This falls under the personal property section of your policy.
However, there are some cases where homeowners insurance may not provide coverage, such as damage from power surges. In most cases, homeowners insurance will pay for damage caused by a power surge except for ones due to lightning. They also wont provide coverage if you accidentally dropped it or if it stops working unexpectedly.
Under most standard homeowners insurance plans, electronics such as laptops are covered up to $1,500. Youll also need to pay a deductible as part of the replacement cost. Depending on your policy, the deductible may be more than the value of the computer. This is especially so if youre on the hook for around 1% of your homes value, which is typical of many policies.
There is whats called extra or additional coverage for your valuables, known as scheduled personal property. With this type of policy, you may be able to get full coverage of your laptop, replacement cost coverage, and no deductible.
Things You Should Know
Storm means violent wind, cyclone, tornado, thunderstorm, hail, rain, snow or dust but not persistent rain only. We dont cover damage from storm surge which is an abnormal increase in sea level caused by a cyclone or severe storm.
Any applicable discounts may be subject to minimum premiums. Discounts only apply until a minimum premium is reached. When we determine your premium on renewal, we may also limit any increases or decreases in your premium by considering factors such as your previous years premium amount.
Single Item Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFS Licence No. 227681 trading as NRMA Insurance. When making decisions about a product, always read the Product Disclosure Statement and Target Market Determinations.
Single Item Insurance can cover nominated items against loss or damage caused by fire and theft in the home. Optional extras cover is available, such as for accidental damage and/or theft outside the home, on certain items. Terms, conditions, exclusions and limits apply.
Make changes to your policy or start a claim.
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Help Me Choose: Accidental Damage Protection Insurance
Dell offers an easy-to-use service that helps protect your system against many unforeseen mishaps caused from spills, drops, surges, and other accidental damage. This optional warranty option will match the length of the hardware warranty you select.Accidental Damage Protection Insurance* No matter how careful you are, accidents may happen. Help protect your laptop or other equipment against the dangers of everyday use. Accidental Damage Protection Insurance provides repair of your system for accidents including:
- Electrical surges and screen breaks Repair of your computer in the event of an unforeseen electrical surge or accidental display break or damage
- Liquid spills Repair of your computer in the event of an accidental liquid spill on or in unit
- Accidental drops and falls Repair of your computer in the event of accidental drops, falls or other accidental collision.
Pc Laptops And Accidental Damage: Best And Worst Warranties 2015
This article was originally published in February of 2013. It has been re-published to reflect updated content.
Since initially writing about the subject of PC warranty repair and accidental damage coverage back in 2009, I have received numerous emails of reader horror stories when dealing with their PC vendor and trying to get their equipment repaired after an accidental damage incident.
Typically, the email goes like this: “My laptop LCD screen is cracked, and now my PC vendor tells me this is an out-of-warranty repair and it will cost $400 to fix it. Is there anything I can do?”
Sadly, the answer is no. If you haven’t purchased additional warranty protection for your PC that covers broken screens, water damage, electrical surge, and accidental drops, you’re out of luck.
Laptops used to be much more resilient pieces of equipment. But over the last five years, as PC OEMs have been competing to make them thinner and lighter, they’ve also become non field-repairable as well, and your only option is to send it back to the original manufacturer.
Basic PC warranties are just that: Basic. They cover faults in the electronics, typically over a one-year period. Anything outside the realm of a malfunction can be deemed as “accidental damage”, which gives the OEM an escape route to charge you a lot of money on a repair.
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Protect Your Laptop In 4 Simple Steps
Add your gadgets
Let us know which devices you want to cover by providing their device, brand, make and model
Choose your cover
Select from economy, standard and premier cover based on how much excess you want to pay
Pay monthly or pay annually to get 12 months for the price of 10^
Simply give us your details, set up a payment method and you’re done!