Gadget Cover for Gadgets

Did you know that you could purchase gadget insurance?  If you’re wondering what we are talking about, we are referring to insurance that will cover damage or theft of things such as your MP3 player or iPod.  Let’s face it: these items are an investment and if you do not have gadget cover on them, you could be out a lot of money if something should happen to them.  You cannot count on your homeowner’s insurance to cover them if anything happens to them so it’s a good idea to find out what is covered, what isn’t  covered, and what you need to do to make sure that your favourite gadget is replaced or repaired without it costing you a lot of money.

The most popular gadgets are taken with us wherever we go: on drives; to college; to friend’s houses, etc.  Unfortunately most homeowner’s policies cannot keep up with the new technology because it changes so fast.  This means that many people have insurance policies that underinsure what they have in their homes.  If they have to make a claim, they suddenly find themselves without enough money to replace their gadgets.

Quite often what is on the gadget – take a BlackBerry – is more important than the gadget itself.  If that BlackBerry is stolen while you are out of the house, your homeowner’s policy may not cover it.  This leaves you without your gadget and without the information on it.  This is how identity theft happens and when a gadget such as this stolen, you are faced with the long road of changing passwords and dealing with stolen information that is sensitive.  You need to make sure that gadgets such as these are properly insured. 

It’s also important to know whether or not the information on the gadget is also insured.  Some insurance policies will differentiate between data that is store on the gadget and the software that runs it.  You need to know ahead of signing the policy what it covers in this regard so that you can add information protection if it is offered.  Your gadgets are as important as the rest of the items in your home.  It is worth contacting your insurance agent to inquire how they handle theft or damage of these items in and out of the home.

3 Gadgets Insurance Example:

Iphone + Notebook + Digital Camera = £9.99

5 Gadget Insurance Example:

Laptop Computer + Phone + PDA + Camera + PSP = £14.99

You can also protect your gadgets by simply following these tips.  They will help you make sure that your policy is sufficient to replace the items if something happens to them.

Gadget Cover Advice

1. Never underestimate the value of your items when you seek out a quote.  It’s better to over then under.
2. Consider engraving your driver license number on the back of all of your gadgets so that they can be traced by the authorities easier.
3. Take pictures of your home contents and your vehicle and give a copy to your insurance agent.  Add the pictures to a home inventory including any serial numbers.
4. Never leave your car unlocked, unattended, or with valuable items in view.
5. Always make your home look like someone is there at all times and do not announce on your answer machine that you are not home.  This invites trouble.