These days, gadgets like smartphones, laptops, TVs and more are only getting more expensive. And many of us right now are in a situation where we are dealing with a rising cost of living and looking more carefully at our expenses to see where we may be able to save some money. So, it’s no surprise that many of us might look at gadget insurance as a non-essential outgoing. But, with the cost of replacing a gadget in your home at an all-time high, there are lots of reasons why it’s worth paying for an insurance policy. Keep reading for some of the top reasons why gadget insurance is worth getting or sticking with if you already have it.
Peace of Mind
First and foremost, gadget insurance will give you peace of mind, especially if you have just invested money into the highest spec or the newest model. If your new smart TV gets knocked over on the stand, then having TV insurance that covers accidental damage can save you a lot of stress and money. TV insurance is becoming a more and more essential purchase as many TVs can cost around or even over a thousand pounds, which is a lot of money to lose if an accident happens.
Stay Connected
These days, many of the gadgets that we use are mainly for the purpose of staying connected to others and the world around us. Many of us can’t imagine what life would be without our smartphones, for example. However, if your smartphone breaks down or is accidentally damaged, then it can be quite expensive to replace. With the right gadget insurance, you can get your phone repaired without incurring additional costs, or even have it replaced for a like-for-like model if it is beyond repair.
Protect Against Theft
Devices are often one of the most attractive products for thieves. The expense and attractiveness of many gadgets that are popular today, such as smartphones, tablets, laptops, and even some gaming consoles means that there is a high risk of them being stolen, especially if you often take them outside of your home. With the right gadget insurance policy, you are not only protected against breakdown and accidental damage, but you’ll also be able to easily get a replacement or enough money to replace your gadget should it be stolen.
Cover Accidental Damage
Many devices today come with a warranty. However, while these warranties may entitle you to a refund or a replacement should your device break down, stop working, or not be working as expected, they do not often cover accidental damage. Instead, paying for gadget insurance that covers accidental damage means that you are covered no matter the situation. Many devices like smartphones, tablets, and laptops are portable and therefore at a higher risk of accidental damage than others. If you drop your phone and the screen smashes, or your tablet accidentally ends up in the bath, your warranty probably won’t mean anything – but good gadget insurance can help.
Protect Against Loss
Many gadget insurance policies also cover situations where you lose a gadget, along with accidental damage and theft. Many of the portable gadgets that we use frequently are at a higher risk of loss simply due to their nature and the way that we use them on a regular basis. For example, it’s easy to accidentally lose your phone in a taxi or leave it in a coffee shop without realising. And you cannot always depend on the general public to do the right thing and hand your gadget in or make sure that it gets back to you somehow. With gadget insurance, you don’t need to panic if you accidentally lose your device as the insurance will cover you for getting a new one.
Save Money
If you use a gadget insurance policy to get a gadget repaired or replaced, you could end up saving a significant amount of money. This is because gadget insurance tends to be quite affordable, depending on the number, type, and value of the gadgets that you want to insure with it. Over time, paying a nominal monthly fee to insure an expensive gadget that you eventually replace due to accidental damage, theft or loss can work out to be much cheaper in comparison to paying out of pocket to replace the gadget. And you could even save money if you need to have your gadget repaired – a new screen, for example, can cost hundreds of pounds on one of the latest smartphone or tablet models.
If you are buying or have recently bought a new gadget such as a TV, smartphone, laptop or tablet, then it makes a lot of sense to invest some money into gadget insurance to protect it. Gadget insurance covers everything your warranty doesn’t, giving you peace of mind.
