We live in a society where kids who can’t yet speak, can work an iPad.
Where Smart Watches have replaced those with two hands. Where you can barely walk down the street without someone bumping into you because their eyes haven’t looked up from their mobile phone.
Long gone are the days when our gadgets remained securely stored away at home. You might go so far as to say we’re addicted or even reliant. Whatever your view, gadgets and gizmos are big business.
You therefore wouldn’t want anything to happen to any of the gadgets you love and rely on. So in this blog, we explain how you can insure all your gadgets under one policy.
Under one roof
If you’re a bit of a tech geek with a whole range of kit, you might want to insure the lot, in which case you have the option to do this all within one policy.
This makes life easier for a number of reasons. One set of paperwork, one excess, one renewal date – everything under one roof, if you like.
It also makes it easier if you do need to make a claim - following a burglary for example - where more than one item has been affected. You won’t have multiple claims going through different insurers; it’ll all be handled by one company.
The other benefit of doing it as a multiple policy is that it’s normally cheaper. Some insurers give you a discount for each additional item you add, while others offer a set price to which you can insure a set number of devices.
Do I really need it?
Depending on what other cover you have, you may not need additional gadget insurance. It’s your call to make.
For example, your contents insurance might already include cover for your gadgets. Just be aware that this cover might not extend to when you take your gadget out of the home.
If you’re only after protecting your phone specifically, it might be worth checking with your bank account provider that you’re not already covered. Often, especially with ‘packaged’ bank accounts, you have some form of mobile phone insurance.
My one and only
You might have one gadget that you’re glued to – your iPad, maybe your phone – that’s the one piece of tech kit you couldn’t live without.
If you only have one item you want to insure, it may work out cheaper for you to take out single gadget cover (particularly if you have other cover, such as your bank protecting your phone).
There are a number of providers offering single gadget insurance and you can use a comparison site and shop around to find the best one for you.
Two options – one decision
Whatever gadgets you decide to protect and whichever insurance you decide to take out – single or multiple – just make sure you know exactly what you’re covered for and the excess you’d need to pay when you make a claim.
You wouldn’t want to be in the position where you think a device is covered under your contents insurance or by your bank only to discover when you go to claim that it’s not.
Equally, you don’t want to have to fork out for a big excess to make a claim on a gadget insurance policy you take out, when you thought it was lower. So just make sure you’re clear on what level of cover you have and don’t assume you’re already covered.
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