Gadget insurance, as a name suggests, is a way to insure your gadgets. Should you get gadget insurance? Read this article to find out more.
What Is It?
Gadget insurance is a policy that aims to protect your devices. This encompasses smartphones, tablets, and even laptops. Your insurer will handle the issues to resolve your problems. The problems may include loss, theft, damage, etc. There are some additional payments but this is a great way to secure your money and to ensure that you won’t drown in expenses at the instance something happens to your gadgets.
Is It Necessary?
It is quite tricky to decide whether or not you need this. There are certain standards you can look at in order to determine if this is worth pursuing. You can go for a gadget insurance if you have a very expensive gadget. You can also subscribe to it if you own multiple gadgets and you want them all to be secure. Another instance is if you use your gadgets a lot and while you are moving. You can insure your Kindle since it is something that you might use every day on your commute to and from work. This is also advisable if you have a history of having your gadgets stolen or if you have lost a few gadgets before. It is all about your personal assessment on whether or not you are fully capable of securing your items at all times. If you are a little bit clumsy and you tend to drop your phone, you might want to take out a gadget insurance. If your only issue is the occurrence of a gadget malfunction or breakdown then the company warranty should be enough to cover your needs.
This is a type of insurance policy that covers the repair or replacement of your gadget. This is only applicable if the original warranty is already expired or void. The extended warranty only applies to the same things that a typical warranty covers. This includes mechanical breakdowns that are not your fault. It does not include a cracked phone screen from you dropping it or other cosmetic damages. This also does not cover theft or loss. A warranty only covers the faults that can be credited to the manufacturer.
How Much Does Gadget Insurance Cost?
There are so many plans in the market that it is hard to pinpoint an average cost. This may range from about two pounds to fifteen pounds per month. There are also other factors that might affect the cost such as the number of gadgets you want insured and what type of insurance you wish to get. The types include theft, loss, mechanical damage, accidental damages, and liquid damage.