What is gadget insurance?
Gadget insurance covers just about every gadget you can think of. And in a world where we are all pretty obsessed with our phones, tablets and laptops, taking out gadget insurance is definitely worth thinking about.
Policies cover smartphones, laptops, digital cameras, tablets, games consoles, MP3/MP4 players, e-readers, sat-navs, digital recorders, Air Pods, GoPros and smart watches.
How does gadget insurance work?
There are many types of policy to consider. You can protect one particular item like your iPhone or you can get more comprehensive household policies that cover a whole range of devices. There are also policies available that cover all the family’s gadgets in one umbrella policy.
What does gadget insurance cover?
Gadget insurance protects against loss, theft, accidental damage and, sometimes, mechanical breakdown.
There are policies available that will offer like-for-like replacements in 24 hours, which is particularly appealing if your business is dependent on the gadget and you are unable to work without it.
I can’t live without my phone so should I purchase gadget insurance?
Most people who own a phone literally take them everywhere. And if you really worry about losing or breaking your phone, it might be worth taking out gadget insurance.
There are a number of factors to consider when insuring your phone. Some policies won’t cover a phone that is more than six months old whereas others will. You will also need proof of purchase in order to get gadget insurance but you’re unlikely to get cover if it wasn’t bought within the UK.
I bought my gadget second hand. Can I still get cover?
No. Items must have been purchased as new from a manufacturer, network provider or other high street or online store. Refurbished gadgets or those bought from outlet or similar stores are not eligible for cover.
I have contents insurance so do I really need to gadget insurance too?
Read through your policy documents to check exactly what they insure under that particular cover. You might have limited cover so it’s a good idea to work out the value of your gadgets and then ask yourself if it is adequate. Also, they may not cover your phone or gadget away from home or for theft. Consider whether there is a high excess on a contents policy. If so, making a claim of a lower-cost gadget might not be worth it.
My gadget is still under warranty so is there any point getting gadget insurance too?
There could be. A warranty covers mechanical breakdowns but not accidental damage or theft. Most gadget insurance policies would cover these, but always remember to check the policy thoroughly.
I bought gadget insurance and now I need to make a claim. What do I need to do?
If it’s been stolen, you will need to notify the police and get a crime reference number as soon as possible. Then submit your claim at the earliest opportunity by contacting your insurer. Always keep receipts too as you will always need proof of purchase for any successful claim.
Do I need gadget insurance?
It depends on your circumstances: ask yourself if you could afford to replace the gadgets if they are damaged or lost, whether they are still under warranty, have you lost or damaged gadgets before, and are they covered already under another policy like home or contents insurance?
Gadget insurance will certainly give you peace of mind if you are accident-prone or use your gadgets on the move, especially if you can get a policy that costs only a few pounds a month.
How does our site work?
Moneysupermarket have teamed up with protectyourgadget.com who offer an external gadget insurance comparison service. ProtectYourGadget.com is a trading name of Comparison Creator Limited, a company registered in England and Wales (Registration Number 07336373). Comparison Creator Limited is an Appointed Representative of Moneyshake.com Limited which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 522581).