Now in the realms of a more standard form of home or contents insurance is gadget insurance. Most homes these days have at least one mobile phone, laptop and MP3 player, with the majority containing multiple items that are portable. It’s rare for people to leave home without their mobile phones in particular, as they carry your contacts, connect you to your email, double as a camera and even play music, so the thought of losing or damaging it, ensures that most of us will take out an insurance. These pieces of kit now individually cost into the hundreds and along with iPods, netbooks and handheld gaming, people regularly leave the house with electronic equipment that’s worth a fair sum of money.
It’s worth studying your policy, as a lot of your gadgets may be protected by your standard contents insurance whilst inside the sphere of your home, but for some items, once they leave the sanctity of your personal domain, they may no longer be covered.
To make sure that your electronic equipment is fully protected, gadget insurance will cover them against theft, loss or damage inside your home or out shopping, at work or even on holiday, with many policies offering worldwide cover. The majority of policies will ensure that replacements are made within just a few days, and some providers may entice with services such as data back-up for your mobile phone when you register, so that losing your phone doesn’t mean losing all your numbers and information stored on your device.
Standard gadgets typically covered in policies might include:
- Mobile phones (iPhones, Androids and BlackBerry’s)
- MP3’s (iPod’s)
- Laptops (also see ‘working from home’)
- Satellite navigation systems
- Cameras and video cameras
- Personal digital assistants (PDA's)
Gadget insurance is relatively inexpensive and of course, can vary greatly, depending on how many gadgets you want to include in your policy, but using online comparison tools, you can find gadget insurance from as little as £1.50 per month.