What will you be covered for?
Gadgets have a harder life than the electrical equipment in our homes, be honest with yourself if your last four phones met an untimely end or you have a habit of leaving your laptop or camera on the train, you should really invest in insurance. You need an insurance policy that will pay out no matter how random the accident. A cracked screen is one of the most common mobile phone accidents, but there are lots other ways for modern gadgets to meet their untimely end.
You can spill a drink all over a laptop, leave your mobile phone on a restaurant table or have your Sat Nav stolen from your car. Any one of these could be tricky to explain to your home contents insurance provider and many standard policies don’t cover your devices.
You can usually get basic protection for your gadgets through your home contents insurance, through simple upgrades of personal possession and accidental damage cover to an existing or new policy.
Watch out for exclusions to the policy, though, as any phone that is more than six months old could, in fact, be uninsured. Be careful of the conditions, too, some policies won’t cover you if you left a gadget unattended and there could be a painful excess in the case of theft.
Read the policy to check if there’s a ‘single article limit’, too, which limits the pay-out for any one item. Compare the policies and decide whether you need accidental damage cover and also look at the excess and decide if your gadget is worth insuring after all.