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Looking for laptop insurance? We've found some brands that can cover your laptop as part of contents insurance. This can cover things such as physical damage to your laptop and even data recovery.
With your contents insurance policy, you can be covered for your laptop and other valuables, in and outside your home.
Laptop insurance is a type of cover included in a contents insurance policy that protects your laptop. If your laptop is damaged or stolen, your contents insurance will cover you to replace, or where possible, repair the laptop.
Two things to double-check with your product disclosure statement (PDS):
Using contents insurance
Home insurers offer contents insurance for belongings inside your home and portable contents insurance for belongings outside your home. If you purchase both together, you can protect all the items in your home while giving you the flexibility to protect specific items like your laptop when you go out. If all you care about is your laptop, portable contents insurance will be enough.
Using single item insurance
This is a cost-effective way to insure the items you value most, like your phone or laptop. If you only want cover for specific items and don't want cover for all the belongings in your home, this could be a good option for you. With many policies, you can pay extra to get cover for accidents inside and outside the home, so you're insured no matter where your laptop is.
It's important to insure expensive items like your laptop because if you damage it, the cost of a new one could sting. By purchasing the right contents insurance policy, you will be protecting your laptop from a range of issues that your warranty won't touch, including:
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 anything that isn't nailed down.
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.
If you have an expensive laptop, you might want to consider an insurer that also offers specified contents insurance. Getting this cover is easy – it's usually just an added step when applying for your normal contents insurance policy.
It allows you to choose the limit of cover you want for a specific item, for an extra premium. If you have an expensive laptop and the standard contents cover isn't enough, this might be the way to go.
The cost of laptop insurance will depend on a number of factors including how much your laptop is worth, how old you are, how old your laptop is and whether or not you want it insured outside the home. For an idea of how much laptop insurance could cost you per month, check out the graph below.
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, your laptop probably never leaves your side and the files inside it are priceless. You can insure your laptop using any of the methods outlined in the article, but one thing you should certainly consider is protecting all that hard work that you're using the laptop for.
There are laptop insurance policies that will pay to help you recover lost data from a bricked computer. Unfortunately, if the data is not recoverable, the protection stops there but at least your policy will pay for the professional help to get it back.
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.
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:
Picture: GettyImages
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