Gadget Insurance – Find a Cheap Policy

You might assume that your gadgets are already protected under the ‘contents cover’ element of your home insurance policy, but many people don’t realise that those policies only cover your gadget while they’re in your house. Good news if you’re burgled, of course, but you lose your iPhone while you’re out and about, or your laptop is stolen from your local coffee shop, your home contents insurance is unlikely to be much help.

That’s why it might be a good idea to consider investing in a cheap gadget insurance policy. This type of insurance can protect you if your gadgets are lost or stolen outside the home, and many of these policies will even cover you during overseas trips.

Some gadget insurance policies may even include accidental damage cover as standard, and you can often chose to add this to your policy as an add-on if it isn’t offered as standard.

Isn’t gadget insurance a waste of money?

The short answer is ‘it depends’.

If your gadgets are relatively low value items that you’d be happy to replace yourself if they were ever lost or stolen, then you might decide you don’t need to pay for even the cheapest gadget insurance policy.

On the other hand, if you own a high-end gadget like a MacBook Pro, a Microsoft Surface, or a top-of-the-range iPhone or Android, then it might be worth paying for gadget insurance after all. 

What does gadget insurance actually insure me against?

That depends on the policy you go for, it’s features and exclusions, and any add-ons you decide to add to the policy. 

Most gadget insurance policies will cover you against theft, loss and malicious damage at the very least, and some will also cover you for accidental damage or even water damage.