Today, almost everyone owns various devices, from laptops, mobile phones, and cameras to e-books, tablets, music players, and GPS devices. While most of these devices provide trouble-free service for several years, it is the portable nature of these devices that can make them particularly vulnerable to damage, theft, or loss when moved from one location to another. The only way you can protect yourself against loss is by insuring your device.

Think of it this way: if your device were damaged or stolen, could you be without it for an extended period of time? If you’re going to be devastated if something happens to your device, that’s a sure sign that you need to get device insurance.

Are gadgets not included in home insurance?

Not necessarily. There are some home contents insurance policies that also cover devices, but not all. If you’re already paying your home contents insurance premium, take the time to read the clauses carefully to see what’s insured, as well as the extent of protection you’re likely to get.

If your device is not covered by your home contents insurance, you should consider getting separate device insurance.

A good device insurance policy protects you against accidental and liquid damage, theft and loss, and more.

How to choose an insurance company that is right for you

Choosing the right insurance company should be first on your list when looking for device insurance. Without proper due diligence, you could end up with an insurance company that has a reputation for poor customer service.

Here are some of the things to look for when choosing an insurance company for your device insurance:

• Is the company regulated by the FCA? If a company is regulated by the FCA, it means that it operates to very high standards and is completely trustworthy. Insurance companies that are not regulated by the FCA may not be in good standing. That is not a chance you should be willing to take.

• Check Company Rating – You can check any company’s rating today using a free or paid service. The ratings will give you a pretty good idea of ​​the company’s efficiency and reliability.

• Does the insurance company have a physical address? Having a physical address gives the customer the confidence that there are real people operating the company and that these people can be contacted when necessary. When a company operates entirely through the Internet without a physical address, who do you turn to if you are looking for an answer to a question or if you need something to help you solve a problem?

• Does the company have a plan that meets your needs? Each insurance company will have its own unique range of insurance plans. It’s important to take your time and compare plans to choose one that meets your needs and fits your budget.

Gadget insurance is highly recommended if you own one or more high-end gadgets. You may have to pay a small premium, but the benefits far outweigh the cost.