Contents insurance is designed to cover all the belongings inside your home, including your laptop. If you want to protect specific items you frequently take outside, like your laptop, you can add on portable contents insurance to your policy.
This is a cost-effective way to insure the items you value most, like your phone or laptop. It's a good option if you only want cover for specific items and you can pay extra to protect your laptop outside your home.
A contents or single item insurance policy can cover your laptop for loss or damage as a result of the following:
If you go with a standard contents insurance policy, you'll have the added benefit of protecting the other belongings in your home like your mobile phone, TV, furniture and basically any other item kept at your home.
Most laptop insurance policies will cover you if you accidentally damage your laptop. However, the damage usually has to be substantial and affect the laptop's functionality.
You won't be covered against scratches, dents and dings, but you can be covered for damaged screens, ports and keys as well as equipment malfunction caused by an accident.
Laptop insurance costs around $85 per month, but prices can range depending on how much your laptop is worth, how old it is and whether or not you want it insured outside the home as well. Check out the graph below for an idea of costs.
Your best bet is to get quotes from a few different insurers in order to avoid paying too much. Just make sure you pay careful attention to what each policy offers. You don't want to skimp on the policy features just to save a few bucks.
If you're a student, you can insure your laptop using any of the methods outlined in the article. However, it's worth getting a laptop insurance policy that'll pay to help you recover lost data from a bricked computer. For example, Westpac will cover the reasonable costs of re-establishing your records and data lost if your laptop breaks due to an insured event.
If your laptop was given to you by your university or department, you might want to see if it's already covered by the administration's policy before purchasing your own.
Finding the best laptop insurance in Australia can be easy if you take the right steps.
If you only need to protect it inside the home and you already have contents insurance, there's a good chance it's already covered. If you don't have contents insurance or you want it covered outside the home, you'll need additional cover.
You never know how much prices can fluctuate from one insurer to the next. Ring around to a few home and contents insurers and some speciality laptop insurers for a few quotes. If you already have contents insurance, ask your insurer how much it would cost to add portable contents insurance to your policy.
If your insurer considers laptops to be high-risk items or if it's worth a certain amount, you'll have to list it separately on your policy. Give the insurer all the information it needs including make, model, value and proof of purchase.
Insuring your laptop is a straightforward process, but there are a few traps you'll want to avoid. Here's what to look out for when getting cover:
You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
You save time. We spend 100s of hours researching home insurance so you can sort the gold from the junk faster.
You can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.
An easy explanation of home insurance for first home buyers.
You can get swimming pool insurance included with most home and contents insurance policies. Find out who provides cover and what insurance you need.
Want to protect important items like your phone and laptop but reluctant to fork out on contents insurance? Single item insurance might be for you.
Find out how home insurance can cover water damage and how to avoid some of the pitfalls.
Camera insurance is a must-have if you carry a lot of expensive gear. Find out how to get cover through either contents insurance or speciality camera insurance.
Discover what impacts the cost of home insurance and how to get the right protection with this handy guide.
Home insurance protects you, your home, and your family from a range of unexpected events. Finding the right home and contents insurance in NSW is no easy task. This guide will teach you what to look for in a policy.
Motor burnout covers those big appliances in your home in the event that they let you down. This article will show you what it is, why it's important and how much it can cost you.
Protect your home against storm, flood and rainwater damage with the help of this comprehensive guide.
Home warranty insurance, also known as builders warranty insurance and home indemnity insurance, is designed to offer protection for homeowners against faulty building work.