Times are changing…
We live in an increasingly tech savvy world. Broadband speeds rise, wireless networks are the norm, and items which were once only purchased in the physical world, are now purchased online.
When you insured your contents in the past it was pretty simple to calculate your entertainment. You could look at how many CDs (vinyls if you prefer), DVDs (videos if you’re going back further) and books you owned up on the shelf.
You’d add up a rough value, and make sure it’s included in your contents value.
Over quite a few years now, this has been changing and the sale of physical entertainment has been in decline for many years.
While, some would argue that even owning music full stop is a thing of the past with the rise of streaming services such as Spotify, Deezer and Tidal, many people now own a mix of physical and digital purchases.
While we’d probably all be confident that our physical music and book collections are insured, what about those digital purchases? With your average 64GB smartphone holding well over 10,000 songs and a Kindle e-reader storing well over 3,000 book titles, it’s an important consideration.
What happens if all this material is destroyed courtesy of hacks or viruses as well as more conventional loss or damage to the hardware supporting this vast quantity of infotainment?