Laptops and other gadgets are integral to our study, work and play. We have come to rely on them in so many ways. However 65% of people in the UK do not have laptop insurance to cover them in the event of accidental damage, theft or breakdown. Many people believe that their laptop will be covered under their contents or travel insurance but this is not always the case. Accidental damage is not always included in policies and the excess that people are required to pay can often be much higher than it would be on a laptop specific policy.
Do I need laptop insurance?
If you use a laptop at work or to run your business then it is an essential asset. How would you work without it? If it was lost or broken down, you may lose essential files that you rely upon. Business laptop insurance could be crucial to your ability to carry on your business.
If you are a student then it is likely that your laptop will be vital to your studies and possibly your entertainment if you regularly stream music, television or films on it. As a student you are more vulnerable to burglary and so laptop insurance for students is also very good idea. Endsleigh laptop insurance provides a good option for students as well as other insurers.
When asking yourself whether you should get laptop insurance, consider how much your laptop is worth. If you spend a lot of money on your technology then insurance is definitely worth it. It may be less important if your equipment is old and the cost of the insurance is likely to be more than the cost of replacing your gadget.
What can I expect from my laptop insurance policy?
Once you have decided to purchase a laptop it is prudent to compare laptop insurance policies to find the best laptop insurance for you. This will depend on your needs. You will need to consider how valuable the equipment is, whether you travel outside the UK on a regular basis, if you need breakdown and repair cover and whether the insurance company offers replacement cover. You can also choose cover specific to your device. If you have a MacBook, then seeking out Apple laptop insurance may help to tailor the policy to your exact needs.
There are a few things to bear in mind when purchasing laptop insurance. Over 3 years old, laptops may not be covered by many policies. Second hand laptop insurance may also be trickier unless the equipment has been refurbished and sold by a trusted retailer. In any case you will require proof of purchase. Some policies will only cover laptops bought in the UK and so bargains found abroad may not be included in your policy. Normal wear and tear, along with cosmetic scuffs and scratches are not usually covered and you need to ensure that your virus software is up to date otherwise a laptop corrupted by viruses may not be covered. Check the excess amounts of each policy and bear in mind that there may be a limit on the number of claims you make in one year.