Today, almost every person owns multiple gadgets, from laptops, mobile phones and cameras to eBooks, tablets, music players and GPS devices. While most of these devices provide hassle-free service for several years, it is the portable nature of these gadgets that can make them particularly vulnerable to damage, theft or loss when taken out and about. The only way you can protect yourself against the loss is to insure your gadget.
Think about it this way – if your gadget was damaged or stolen would you be able to stay without it for any length of time? If you are going to be devastated should something happen to your gadget it is a sure sign that you need to get gadget insurance.
Are not gadgets included in home insurance?
Not necessarily. There are a few home contents insurance policies that cover gadgets too but all do not. If you are already paying premium for your home contents insurance, take time to read through the clauses carefully to see what is insured as well as the amount of protection you are likely to get.
If your gadget is not covered under your home contents insurance you should consider obtaining separate liability insurance.
A good gadget insurance policy 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 top of your list when you are looking for gadget insurance. Without the proper due diligence you could end up with an insurance company that has a reputation for bad customer service.
Here are some of the things you should look for when choosing an insurance company for your gadget insurance:
• Is the company FCA regulated – If a company is FCA regulated it means that they operate to very high standards and are completely reliable. Insurance companies that are not FCA regulated may not be above board. That is not a chance you should be willing to make.
• Check the company's rating – You can check the rating of any company today by using either a free or paid service. The ratings will give you a pretty good idea about the efficiency and trustworthiness of the company.
• The insurance company has a physical address – Having a physical address gives the customer confidence that there are real people operating the company and these people can be approached when necessary. When a company operates entirely through the internet without a physical address, who do you go to if you are looking for the answer to a question or if you need something to help you resolve a problem?
• Does the company have a plan that meets your needs? Each insurance company will have its own unique range of insurance plans. It is important to take your time and compare plans so you choose one that meets your needs and fits within 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 cost.