In the event that your laptop is stolen, lost, or damaged, laptop insurance offers coverage. Numerous conventional householders insurance policies offer some sort of coverage even though they may be marketed as gismo insurance. Laptops that are stolen or damaged as a result of covered risks like fire, water, or another type of natural disaster are covered.
Given that they are such a significant part of our everyday lives and that laptops are pricey, insurance may be a good idea. For instance, if you’re a freelancer and depend on your laptop for business, anything bad happening to it would bring your production to a complete halt.
2022’s top laptop insurance policies
At this time, there area unit a few corporations promoting laptop insurance. There area unit many alternatives for laptop insurance. however, you need to comprehend your necessities rations before you buy laptop insurance coverage. several belongings could be taken into account earlier than you purchase protection from laptop harm.
1Worth Ave. Group
The Worth Ave. cluster receives our top ranking because it provides the broadest selection of coverage, along with accidental damage, theft, and extended warranty coverage. Additionally, it combines a track record of outstanding customer happiness with savings from affiliated merchants.
Pros: Worth Ave
- Numerous claims
- Coverage offered for laptops used in education
- Insurance companies could reduce premiums (like Progressive)
Cons: Worth Ave
- Claims settled at replacement value
- Theft from unattended automobiles is not covered
- Greater premiums than the other items on the list
For adults, students, and those who work in a K–12 environment, Worth Ave. Cluster provides laptop insurance. It stood out as the finest overall since it has a long history of great client satisfaction and covers the broadest range of risks we’ve encountered.
The insurance underwriter only provides a standard setup for his or her laptop computer amount of money, but it covers a wide range of risks including theft, vandalism, lighting-caused power surges, cracked screens, natural disasters, and spills.
For all laptop computer models, whether new and used, policies are available nationwide. By filling out their online application form, you can request a price. You will need to provide information about your state of residence, user type, coverage amount, and insurance term.
The cost of the policy will vary depending on your state of residency, the duration of the policy, and the level of coverage. For instance, if paid annually, a Louisiana resident wishing to get $500 worth of coverage for a one-year period can anticipate paying $48.
In contrast, a resident of Florida will spend $37 for the same coverage. However, there will be a $100 deductible applied to any estimates you obtain online through their website.
Policyholders can submit a claim online by logging into their policy page, going to the claims center page, and filling out the necessary information before submitting. The claims form may also be printed, filled out, and sent or faxed.
2Assurant
By offering a policy with either individual guarantee coverage or a bundle of alternative physical science in your home for a reasonable monthly charge, Asurion stands out from the competition.
Pros: Assurant
- Get email updates on the claims process
- 24/7 technical assistance
- Most laptop computer repairs are finished within two days
Cons: Assurant
- Only one insurance option is provided
Due to its ability to package many types of physical science for a single monthly charge (also known as its Asurion Home+ plan), Asurion earned our top ranking for numerous policies. Additionally, you can get insurance at Amazon at the same time that you receive your new laptop. Asurion, which was founded in 1994, has offices all around the world and consistently receives positive client reviews.
Although coverage excludes theft or loss, its policy does cover risks including broken equipment, spills, cracked screens, and wear and tear due to normal use. If you choose to travel with the Asurion Home+ plan, policies are available countrywide, and you may buy one through Amazon or their website without having to obtain quotations.
The Asurion Home+ plan has a fixed monthly cost of $24.99, and coverage begins thirty days after enrollment. Different personal insurance policies cover hardware failure, broken displays, drops, and spills for laptop computers.
3Securranty
For individual coverage, Securranty offers the best prices we’ve encountered. Additionally, policyholders get a discount when buying longer terms, and anyone who buys two or more policies gets a 10% discount.
Pros: Securranty
- Offers a discount for numerous insurance
- Protection for both new and used laptops
- Cons for all models covered
Cons: Securranty
- Online shopping is often difficult, and deductibles are greater for used and repaired laptops.
- Individual insurance forbid changing the deductibles.
Securranty was chosen as the best option for affordable rates because of the variety of savings it provides, including discounts for buying numerous policies. The non-depository financial institution, which has its headquarters in Houston, Texas, was founded in 2011 and may be a licensed insurance agency offering extended warranties and insurance policies.
Dissent is expensive for policy It’s uncommon for the value to depend on the value of your laptop computer; instead, it depends on the type of laptop and the length of the policy. As an illustration, purchasing a five-year plan for the same coverage costs $19.95 per year as opposed to $29.95 for an annual accidental harm policy for a replacement laptop computer.
4SquareTrade
Due to the fact that spills and liquid damage, which are among the most frequent incidents for newly purchased computers, are covered beginning on the first day of coverage, SquareTrade is the ideal option for brand-new gadgets.
Pros: SquareTrade
- Some claims might even be immediately approved.
- Pick from a variety of deductible options.
- Coverage begins the day of the planned acquisition
Cons: SquareTrade
- Only newly purchased laptops within the last thirty days are covered by the policy for new computers.
- No option to choose in-person service from qualified technicians
- Stealing is excluded from standard contracts.
SquareTrade offers some of the simplest overall coverage, as well as an easy online claims process and add-ons to their standard package. This insurance provider, founded in 1999, collaborates with bigger businesses like Allstate to offer laptop insurance to major shops like Costco.
Their plans consist of:
Standard protection: This plan protects against mechanical issues like power supply burnout and screen breakdown and takes effect once your manufacturer’s warranty expires.
Accident coverage: This plan offers coverage beginning the day you receive your plan and goes above and beyond what is covered by the standard plan to cover incidents like drops and spills.
The insurance provider provides coverage for all types of new laptops as long as you receive and register your computer within 30 days of purchase, making it the best option for individuals who own such devices. The online purchasing process is simple: select the terms of the laptop, the designated deductible, and the duration of coverage.
The cost of policies ranges from $79.99 for a biennial policy with a $25 deductible to $0 for a three-year policy, and they are available nationwide. Visit their claims page and enter the necessary information to submit a claim.
5Upsie
We appreciate Upsie since it is one of the few businesses that provide protection for refurbished, open-box, or used laptops. In contrast to other providers who cover secondhand computers, it also has an occasional deductible.
Pros: Upsie
- Minimal deductible
- Limitless variety of claims
- Choose between in-person repair and shipping to Upsie’s authorized repair facility Negatives
Cons: Upsie
- Waiting period of 31 days
- Plans only applicable after manufacturer’s commitment expires
Because it is one of the few companies offering coverage for used and open box items, Upsie, a relatively new firm that debuted in 2018, is excellent for older gadgets. You are eligible for coverage if you acquired your laptop within 60 days and it has a 30-day seller’s guarantee. The majority of laptop computer brands are covered.
It’s simple to request a policy quotation. You must provide information about the type of gadget, brand, age (new vs. used), cost of procurement, and length of arrangement on their online form.
You can choose between a two-year or three-year plan, and either one comes with a $25 deductible. Screen cracks, unintentional harm like spills, and power surge harm are all covered. Policies are offered across the country, and depending on your laptop’s conditions, prices range from $41.37 for a biennial policy to $321.01 for a three-year policy.
To sum up
It’s important to consider the type of coverage you want when choosing portable computer insurance. While all of the better-than-average insurance providers offer coverage against risks including mechanical failure, spills, and broken screens, not all provide coverage against theft and loss.
Keep in mind that your premiums may increase if you require that kind of coverage. In general, we tend to use price Ave. cluster for its extensive selection of coverage, while Security is also a strong competitor with a lot of affordable options.