TV insurance is a type of insurance that covers the cost of damage, loss or repair to your TV if something bad happened. You can get cover for your TV as part of your home insurance which will cover it for things like theft and damage from fire and flood.
You can also add on extra cover for accidental damage in most policies which can come in handy if your TV is your pride and joy.
The standard features of most home and home and contents policies include insurance for your TV, up to a certain value, against various insured events, including theft but not including accidental damage.
Whether you want additional protection for your TV will likely depend on how valuable it is in dollar terms and whether you see accidental damage cover as a must-have.
The key research step is to check out the upper limits that a home and/or contents policy pays for contents. If the value of your TV is higher than the relevant limit, you can look into adding specified (or valuables) contents insurance, which will let you increase the sum insured.
Note that if you don't take out specified contents coverage on a high-value TV, the maximum amount the insurer will pay out will be the one in the general contents policy.
There's also the option of taking out single item insurance on your TV and other valuables.
Some insurers may treat the breakage of glass/ TV screens separately. Double check your product disclosure statement to make sure you understand when you're covered and when you're not.
We currently don't have that product, but here are others to consider:
How we picked theseWe crunch eligible home insurance products in Australia to see how they stack up. We rank over 50 products on 16 different features, including price. We end up with a single score out of 10 that helps you compare home insurance a bit faster. We assess home and contents, building only and contents only products individually.
For TVs, the insured events covered by most home and/or contents policies include water damage, damage from fire or floods, lightning and storm damage, vandalism and theft, plus a host of other scenarios.
This means that if you came home to find a mysteriously missing 50-inch plasma, or if a branch fell and damaged your rooftop antenna in a storm, you could be covered.
As long as they weren't deliberate or obviously foreseeable and preventable, most TV-related accidents will generally fall under the umbrella of "accidental damage".
In other words, if an overexcited dog, a distracted child or vice versa were to knock over and scratch or crack your TV, you'd be okay. But if that TV was leaning unsupported in front of an open third-storey window, you may not be.
For most home insurance policies, accidental damage isn't a standard inclusion. Not to worry though, you just add it to your policy during the application process. If you already have a policy, give your insurer a call and see if they can add it on. Of course, it will cost a bit extra.
Confused about home insurance excess in Australia works? We’ll share how it works and how you can use it to lower the cost of your premium.
Find out how home insurance can cover water damage and how to avoid some of the pitfalls.
Cancelling your home insurance is actually quite simple and you can do it at any time.
How does Kogan home insurance compare? See how it works, and some of the fine print to look out for.
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.
Review of Bank of Melbourne Home Insurance.
Get cover for things like storms, lightning, theft and malicious acts. Choose from 3 levels of cover: essential, quality and premier care.
With a variety of insurance options to protect your mobile phone, here's what you need to know.
Find out what renter's insurance is, what it covers and how to find the right policy for your needs.
What you need to know about finding the best home insurance for you. Compare policies and learn what questions to ask when researching insurance policies.