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Laptop insurance is a specialized type of insurance which is meant to protect your laptop from damage or theft.

Peripheral coverage extends to things like printers and dependent on the policy that you purchase could also include other external hardware and software applications. The vast majority of the insurance companies are going to have very strict guidelines in terms of what is and isn’t covered under their policy. Should you carry with you a lot of software and additional hardware components make sure you are going to be adequately covered before you purchase a policy.

Coverage Example

The insurance company pays out for a total loss due to damage that is accidental. Let’s say your laptop was stolen from your locked car. In this instance the laptop insurance should cover it; however, if your car was unlocked and you left it in there at the time of the theft it would not be covered due to your negligence. The definition of accidental in this type of policy means that you did all that you possibly could to protect your laptop but it was still damaged or stolen.

Coverage Exclusions

Something that wouldn’t be covered under a laptop insurance policy would be things like viruses, the gradual wear and tear of your laptop, damage that you personally inflict upon your laptop should it be accidental or on purpose, or if you accidentally forgot about it and left it somewhere.

When you make the purchase for a laptop insurance policy it is assumed that you are both a responsible laptop user and person and take proactive steps to make sure that you are protected from things that you know could happen and from the unknown.

Coverage Considerations

If you think that laptop insurance is something that you need you shouldn’t jump right into it. It pays to be a little hesitant when choosing a company to insure your laptop through. There are a lot of things that you need to take into consideration as you want to get what you pay for when it comes to the coverage and your premium.

Just like with any other type of insurance policy you need to decide on your deductible amount. If your laptop is one that is inexpensive it doesn’t make sense to have a high deductible as you’re paying for something that’s likely to be barely covered if at all after your deductible amount. You must pay your deductible before your insurance is going to pay anything. If your laptop is inexpensive you should also take into account whether or not it is even worth paying the premiums and getting the insurance at all. You might end up paying more in premiums then you would to replace your laptop with another of the same kind.

Insurance Agency Considerations

Like mentioned above when you’re making your final decision you need to make sure what the insurance company that you’re going with considers peripherals. More and more people have expensive flash drives, external hard drives, external burners, etc… and having these things covered would be a large part of this person’s insurance policy. If they aren’t covered you should consider shopping for a policy elsewhere.

If you’re a person that travels a lot you should make sure that the coverage extends to a wide area or if there are regional restrictions. Is it active at your home, school, business and trips? Even if you purchase a “worldwide” coverage you should make sure to still inquire about where the theft part of your policy is covered. What are the limits for homes and the other areas?

Just like with auto, home, health, etc… each insurance company is going to be a little different so you’re going to want to be sure to check into their policies and get several quotes and compare before you choose the one that is right for you.

Final Thought

You might be thinking that some of the questions posed and thoughts are unnecessary ones at that but if it comes to the time that you need to make a claim on your policy you’ll be very glad that you did and picked the insurance that is was right for your needs.