Top 6 reasons for you to get gadget insurance


gadgetEach one of us faces some or other financial difficulty at some or the other time and most of us look to tighten our belt at our own leisure expenses. Though, you may find it as a non-important cash outflow, but here you shall come to know the major 6 reasons for you to get gadget insurance:

  1. Specifically, if you just spent a fortune on the newest mobile variant or the highest spec of any gadget, then it is likely that you have an expensive device in your hand and you wouldn’t want any unfortunate loss occurring on it shortly after purchasing it. The insurance cost of every month is usually very less when compared it with the replacement cost of the gadget and possible repair bill associated with it.
  2. In today’s time, every gadget is being designed keeping its portability in mind. The portability of the gadget is its basic attraction, but ironically, it is also the key weakness of the same gadget. While you are on the go, they are prone to higher risk with respect to loss, burglary and accidental damage (from smashing to dropping).
  3. Even the gadgets that you use in the home also carry the similar threat of accidental damage in the house. Damages to gadget in the home occur mainly because of falling in the water or sudden spill of coffee on the laptop. Kids playing in the house can also unintentionally lead to the accidents and lead to the smashing of gadgets.
  4. The appeal and cost of some expensive gadgets are an eye candy for the potential thieves. Whether it is your office or a social party, it only requires a fiscal distraction to give a theft an opportunity to steal your new costly gadget. Even if you are extremely secure and conscious for your gadgets, it is advisable to get it insured against burglary.
  5. With so many gadgets that you use in your day to day activity, you don’t realise their importance, due to their portability, the chances of losing them increasing to a greater level. If you just forget your phone on the table of coffee shop and you may notice it sometime later, by the time it has already been stolen or lost. However, if you really wish to cover this loss, then you can choose your insurance policy cautiously as casual accidental losses are not included in the insurance coverage.
  6. Lastly, gadget insurance will give you the peace of mind that you lose while you carry any expensive gadget with you. Depending on the type of policy you select and the specs it has, you can safeguard all the eventualities.

There are several gadget insurance providers with a diverse range of plan that caters to meet your requirements. Though it seems to be the most convenient option, always avoid to get tempted by companies to purchase insurance packages by the gadget stores. You can come across better deals if you shop around and check with other company. You can look for umbrella policies, if you opt for more than one gadget, this is a good way to save money and also manage all insurances under one policy. Always check the limits and exclusions of the coverage and see that it offers suitable, complete and reasonable coverage. You can also go with business gadget insurance if you are looking for insurance for your business gadgets.

The replacement and repair insurance coverage gives you the perfect peace of mind and the add-ons offered greatly reduce the inconvenience suffered by the user when the gadgets are to repaired or replaced. Some of the companies offer a 48 hours replacement. The other insurance coverage deals offer data backup assurance. Often the larger the duration of the policy, the lower are the premium rates. For example: if you choose a 2 year policy, it will be relatively cheaper in comparison to a policy of one year and then another year renewal. If you wish to select a longer duration policy, then ensure that you notify your provider regarding the complete detail of the gadget along with the upgrades you make from time to time.

Nidhi Garg


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