Gadget Insurance: Why and how to get your gadgets insured?
Right from preparing work presentations to doing school assignments, handling work communication to staying in touch, getting food delivered to calling cabs, our tech toys (smartphones, laptops, smartwatches) pretty much sort our lives out. Hence, it is a smart move to get them insured. Here's all you need to know about gadget insurance, and why should you get one.
What basically is gadget insurance?
In the simplest of terms, a gadget insurance policy is one that secures your digital devices like laptops, smartphones, smartwatches, cameras etc. against undue losses and damage (such as theft, water damage, physical breakage), and compensates you if such losses occur.
Reasons why you should buy a gadget insurance
Just like a home or vehicle insurance, a gadget insurance is just as important as your work and productivity are bound to suffer if one or more of these get damaged. Here are 5 reasons to get one: Monetary compensation: A gadget insurance will provide monetary compensation against physical and water/fluid damage, theft and burglary, thus saving thousands of your rupees from getting flushed.
A gadget insurance will give you dedicated cover, on-the-go protection
Dedicated cover: A major reason why you should be getting a dedicated gadget insurance is because it will give coverage based on the specific needs and issues relating to the specific gadget in question. Be safe, anywhere: A home insurance just isn't good enough. You'll be taking your (portable) gadgets to places, therefore a gadget-insurance policy could come handy in damages cased while traveling.
Gadget insurance saves you time and headaches
Time-saving: Unlike claims for 'bigger' properties, standalone gadget insurance policy claims are quick, simple, and hassle-free, thus saving you time. Mental peace: Having a gadget insurance cover will help you stay free of that constant worry of your new, expensive laptop or camera getting stolen/broken, thus guaranteeing you peace of mind.
How can you buy a gadget insurance policy?
Most major electronic brands offer own or partnered insurance cover policies to buyers right at the time of buying a new product (whether making an in-store purchase or buying online). The premium amount is computed based on the coverage offered, and value of the gadget. Notably, at the time of making a claim, purchase invoice and serial number of the gadget will be required.