4 Great Tips For Finding Gadget Insurance

Most people believe that their gadgets are covered for damage and/or loss through either the warranty or their household insurance. What you don’t know is that these policies often fall short of providing full cover and and could leave you paying out of your own pocket. Gadget insurance is therefore an important option for all your gadgets including smart phones, cellular phones, tablets and other devices.

Here’s what you need to know before selecting optional gadget insurance:

1. Manufacturers Warranty

Every type of gadget comes with a warranty or guarantee when you buy it. The warranty is limited as to what type of breakages will be covered, how many times repairs will be made and have a specified period in which the manufacturer will cover the cost of repairs. This type of cover does not provide for loss, theft or damage that occurred due to dropping the device.

Some manufacturers offer an extended warranty when you first buy the phone. This provides for a longer period of cover and may also make provision for breakages that are your fault. However, your device will need to be sent to the manufacturer or a registered dealer for repairs which could mean that you will be without your phone or other type of gadget for a few days.Laptop On Desk In Office

2. Home Insurance

Household insurance will cover the loss and/or damage to devices but only if this occurs within the insured premises or property. So if your device is stolen or broken while you are not at your insured address, you will not be covered. Also, most home insurance policies will need you to specify the type and number of devices that you need covered. If you buy a new device and it breaks on the same day of purchase before you have a chance to add it to your household insurance, it will not be covered.

Claiming for the loss or damage to a device on your household insurance may result in a deductible or an increase in your monthly premiums or insurance rate. Some household insurance policies may also restrict the amount of claims that can be entered within a specified period. So if you claim for repairs to a device, you may not be covered for other household theft or disasters when you really need it.

3. Car Insurance

Your car insurance policy may make provision for devices that are stolen or damaged while in your car. This is normally an optional portion of your car insurance – if you don’t select the option, you will not be covered. If you do select the option, you can expect a small increase in your monthly premium or rate.

When you claim, you can expect a deductible and/or premium increase. Other restrictions may also apply. However, this is a great option when used in conjunction with your household insurance to provide more comprehensive cover.

4. Comprehensive Gadget Insurance

Comprehensive gadget insurance is the best option when it comes to insuring your gadgets and should be taken out as soon as possible after purchasing a device. Normally, the dealer where you bought the device will offer you this type of insurance. However, it is recommended to do a little research as this may not provide you with the best value for your money.

When choosing insurance for your gadgets, make sure that your will receive the following cover:

– Damage that is accidental or involves liquid. Be aware that most insurance providers will not cover damage that was a result of intentional abuse of the device such as throwing it against the wall.
– Theft or loss of the phone.
– Charges for calls and/or data usage after a device has been stolen.
– Damage and loss while traveling out of country.

Make sure that your gadget insurance will provide full cover for the cost of repairs or replacement of the device or same or similar device. Be aware that a deductible or excess amount will apply for each claim. Read the terms and conditions and restrictions that may apply carefully and compare quotes and provisions to get the best deal.

Value for money is key in selecting appropriate gadget insurance – the cover you receive should be worth the amount you are paying for your insurance.

The Pros And Cons Of Carrying Mobile Phone Insurance

In today’s modern world, you would be hard-pressed to find anyone that does not have a mobile phone. These devices have even replaced the house phone and Smartphones are more intelligent that many people are today. However, when it comes to having your life on a phone, it raises the concern of how to keep that phone safe. The answer to that question is simple enough; you pay for mobile insurance.

Think about it, people drop their Smartphones all of the time. Smartphones get wet and theft of the expensive phones is on the rise. It only makes sense to protect your investment by paying insurance on it, right. Well, some people agree, but some people do not. Read on below for the pros and cons of carrying mobile phone insurance on your Smartphone by breaking it down bit by bit.

Situations Where People Could Benefit

There are some people who do not need mobile phone insurance and others that should not be without it. The ones that should have it and why are listed below.

You are A Total Klutz

If you are the type of person that has lost five mobile phones in as many months to accidents, then the insurance is probably a great idea for you. However, if you have had the same Smartphone for three years running, then you would probably be wasting your money.Mobile Phone In Car

If You Are On A Budget

If you are one of those mobile phone users that budgets every month then mobile insurance once again is the best bet for you. If you could not afford to replace your Smartphone if it broke or was stolen, but can afford the monthly payment to protect your phone for insurance then you need it for sure.

If You Have Small Children Or Pets

Okay, everyone knows that pets, small children, and mobile phones do not mix. There have been many stories of Smartphones being ruined because a toddler dropped it in a glass of Kool-Aid or the dog’s tail swiped it off the counter and it shattered on the floor. In this case, mobile phone insurance is probably a must for your family. However, if your kids are grown and the dog stays outside, it might be a waste of money to get insurance on your phone.

If You Travel A lot

The more you travel the more chance you take of having your Smartphone stolen or lost. Many, many travelers have left their phones sitting on a table in a restaurant or had it stolen out of the car when they just ran in to pay for their gas.

Whether you get mobile phone insurance on your mobile phone is of course completely up to you. The best thing to do is way the pros and cons, do your research and see if it is affordable where you live. Any of the situations above are a very good reason to have some type of mobile insurance on your phone, however, the choice is completely yours to make.