Q: I can't live without my phone, so should I purchase gadget insurance?

Most of the smartphone users can’t imagine themselves living without their phones. If you are one of them and carry your cell phone everywhere, then chances are that you might worry about breaking or losing your phone. Therefore, it is certainly worth getting gadget insurance. There are numerous factors that you can consider when you’re getting an insurance policy for your gadget. The type of coverage and how efficiently does the insurance company process claims.

Question 1

Does another policy already cover my gadgets?

Accepted Answer

If you already have a home insurance policy, then chances are that some or all gadgets are already covered under it. However, the drawback is that it will cost extra to cover the devices outside the house. Besides this, if a claim is made for the gadget, it can affect the no-claims bonus.   Also, gadgets coverage is limited to a specific type of tech and amount.  When in shared accommodation, there is something else to think about. One person&#8217;s gadget claim can result in higher home insurance premiums for everyone in the household.

Question 2

Can I insure more than one gadget?

Accepted Answer

Indeed, you can ensure multiple gadgets. For this purpose, you will have to select a multi-gadget insurance policy.  This will help cover numerous devices under one insurance policy. When choosing such a policy, make sure that you know the upper limit and discounts offered on insuring multiple devices.

Question 3

Do I need a gadget insurance cover if my device is still under warranty?

Accepted Answer

Yes. It is crucial to understand that devices under warranty normally provide coverage for mechanical failures and not theft or accidental damage. Therefore, gadget insurance is always a great idea even if your device is under warranty.

Question 4

What do I do if my gadget is stolen?

Accepted Answer

If your gadget gets stolen, make sure to call the police right away. Call 911 to inform and report the theft. Also, make sure that you get an incident or crime number. This number will help you claim your gadget coverage, and then you can quickly contact the insurer to pursue the claim.

Question 5

What do I need to do if my gadget needs repairing?

Accepted Answer

In case if your insured gadget needs repairing, it is advisable first to contact the insurer. It&#8217;s vital that you do this before you get the repair done.  It’s important because your policy may require you to use an approved repairer if you want to get compensated. Thus, if there is any such requirement and you fail to meet it, you may not be fully paid or compensated at all.

Question 6

I can't live without my phone, so should I purchase gadget insurance?

Accepted Answer

Most of the smartphone users can&#8217;t imagine themselves living without their phones. If you are one of them and carry your cell phone everywhere, then chances are that you might worry about breaking or losing your phone. Therefore, it is certainly worth getting gadget insurance. There are numerous factors that you can consider when you&#8217;re getting an insurance policy for your gadget. The type of coverage and how efficiently does the insurance company process claims.

Question 7

I bought my gadget second hand. Can I still get cover?

Accepted Answer

Unfortunately, second-hand gadgets are not insured. To apply for gadget insurance, you must purchase it as new from a mobile phone manufacturer, online store, or network provider. This is because when buying gadget insurance, you will be required to provide proof of purchase.

Question 8

I have contents insurance. Do I need gadget insurance too?

Accepted Answer

This is variable depending on the coverage provided by your content insurer. Therefore, it is recommended that you read through the policy documents carefully to check what is insured.  Accordingly, you can determine your gadgets&#8217; value and determine whether additional coverage is needed. In most cases, gadget insurance is a good idea if the previous policy doesn&#8217;t cover the gadget in case of theft or when away from home.

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