If you’re thinking about how to compare laptop insurance, you may find that a few questions spring to mind.
Is comparing laptop insurance actually worthwhile?
Typically, yes!
Rarely, if ever, are two laptop policies identical. It’s a myth that all such insurance is always more or less the same.
If you’re looking for one that’s suitable and close to your needs, you’re more likely to find a good match to your expectations if you look around.
Do the prices vary much?
They may do but that’s not perhaps the key start point for a comparison.
Both the cover provided and the conditions and exclusions may vary. It’s perhaps most important at the outset to compare those factors rather than do an initial review based on price alone.
What sorts of laptop problems are typically covered?
In the case of broader policies, you may find protection against:
- theft (including unattended laptop theft if it’s from a secure and locked premises or car);
- breakdowns outside of the manufacturer’s warranty period;
- destruction through an accident.
You may find that loss protection typically isn’t provided with standard cover.
What else is available?
Some policies may offer you:
- global protection for your laptop so that you can use it abroad;
- 48 hour replacement once your claim is approved;
- free data storage (space limits may apply) for the backup of your critical data.
What’s in the small print?
As with any insurance product, terms and conditions, exclusions and limitations will apply and you may wish to read these carefully to ensure you understand them.
There is no substitute for reading the conditions yourself if you’re trying to compare laptop insurance policies – no simple article can do that for you.
However, a sample of things to look for may include:
- how much excess is obligatory under the policy;
- whether or not accident protection includes liquid damage cover (some policies may not);
- whether or not you’ll need to report any theft to police within 24 hours (typically that will be the case).
Are other electronics covered?
Well, that depends.
The answer will be no if you have a single laptop protection policy. However, this form of insurance is part of what’s sometimes called gadget insurance.
There are other policies available for things such as PDAs, cameras and iPhones etc.
Some insurers may be able to offer you multi-gadget protection packages and it may be interesting to compare laptop insurance alone against that available as part of a multi-gadget solution.
What happens if I change my laptop while insured?
It’s typically a good idea to consult with your insurance provider – many will require that you notify them of any changes.
Note that insurers do not typically regard some devices, such as PDAs or iPads, as laptops.
To ensure you have appropriate cover and you’re able to compare laptop insurance sensibly, it’s always advisable to be specific with potential insurers as to what device you actually have.
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