Tuesday, January 24, 2012

Is Cheap Gadget Insurance worth it?

An insurance company can be defined as a means that promising money or services in occasion of something unpredictable disaster. A person, who is insured for something, is able to get payment for his loss. The same is applicable for your daily used gadgets too.

Nowadays it is common to hear that someone has had a costly camera, cell phone or iPod stolen from their bag or on a bus or train. Having gadget cover means one can have peace of mind after the theft of a gadgets.

The number of people owning different valuable gadgets is increasing day by day and cases of theft and damage cases are increasing simultaneously. As most people use a mobile phone all day every day, the likelihood of accidental damage is higher. No matter how careful you are with your phone or laptop, accidental damage can occur at any time resulting in a cracked screen or worse. The repairs of such costly gadgets can be expensive so it an insurance policy is highly recommended. To cope with such unpredictable situations an insurance policy is required.

Having a warranty is advantageous for any mechanical faults but will not cover you in the event of theft or accidental damage. It is important to have gadget insurance along with a warranty. Insurance can be purchased at any point, lasts for one year and is renewable, while warranty has a time limit, which can be as little as 30 days of purchase.

There are a number of insurance companies in the market offering comprehensive gadget insurance. There is healthy competition among these insurance companies resulting in reduced premiums. Most insurance companies have call centers to serve their customers in an effective manner.

An individual can easily make a claim as a result of theft or damaged gadgets and they will be reimbursed in a short period of time. They don't have to worry about repairing or replacing the gadget themselves. There are some extra covers available also that includes water damage. Different companies have different policies.

Before going for any insurance plan one should be sure to compare covers and premiums of different companies to find a comprehensive policy at a price within budget. There are many comparison websites that can assist you with your search. You should familiarize yourself with the terms and conditions and exclusions before deciding on the best one to suit your needs.

By: Herry
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