Gadget insurance guide

Do you need dedicated gadget insurance to protect your valuables, or does your home insurance offer sufficient cover? Find out more with our guide.


Please note...

    Gocompare.com does not currently offer a dedicated gadget insurance policy option.

    You may be able to find appropriate cover if you compare home insurance through our site.

The rise of the high-tech gadget is likely to have made an enormous impact on your life, and should also have led you to think carefully about how you value and protect your belongings.

Items such as mobile phones, laptops, cameras, tablets, music players, ebooks and GPS devices can be extremely powerful and expensive goods.

Their portable nature means that they are also a high security risk, vulnerable to theft, damage and loss when taken out and about or on holidays.

In case something does happen to your beloved gadgets you should ask yourself whether you could do without them, and whether you could afford to replace them.

What are my gadget insurance options?

If you can afford expensive gadgets then it's a fair bet that you also already have some sort of home contents insurance cover in place.

If that's the case, you should read the policy carefully to see what protection it offers.

Also look into any insurance cover you may have through things like your bank account or travel insurance - and think about how accident-prone you are!

Should the protection be enough to satisfy your needs, then there may be no need to consider a separate, dedicated gadget insurance option.

Mobile-phones

But consider how important things such as extended warranty cover, international cover, 48-hour guaranteed replacement and phone-call cover in the case of a theft are to your needs, and whether such options are offered by the insurer.

Also consider the extra premiums for cover away from home, and the potential impact of a claim for a gadget on your home insurance no-claims bonus.

If you're in shared accommodation there's more to think about - one person's gadget claim could lead to higher home insurance premiums for everyone in the household.

Adding gadgets to your home insurance policy

If you compare home insurance with Gocompare.com, it's possible to add specific cover for laptops and for bikes when they're taken away from the house.

Our possessions provide rich pickings for thieves and, given the portable nature of our gadgets, we've now got more to lose, too
Matt Reid, specialist gadget insurance provider ProtectYourBubble

However, there are common limitations to consider on regular home insurance policies.

Specific items other than bikes and laptops can be added to policies, but they need to be valued at over £1,000 - many gadgets will not fall into this category.

You may be able to add cover for personal possessions away from the home, but this will be the total value of all possessions.

You may not be able to itemise individual gadgets, and you should check the policy for single-item limits.

What are the dedicated gadget insurance options?

Should you decide that the cover available through a regular home insurance policy doesn't meet your needs then there are dedicated gadget insurance policies out there - but please note that Gocompare.com does not currently offer a comparison service for such products.

Computer

People will often take out specialist gadget cover from a retailer when they buy their high-tech device - for example, they will take out mobile phone insurance with their phone provider.

It's likely that a retailer will offer you such cover when you buy a gadget, but bear in mind that this is not necessarily the best or most cost-effective option to take.

There are numerous dedicated gadget insurance specialists out there, including Protect Your Bubble, Gadget Guardian, Cover My Gadget and Supercover Insurance.

It may also be possible to take out an integrated policy with your home insurer, offering separate gadget cover outside the home.

Cover for personal belongings in a car is typically limited to fully comprehensive policies and restricted to around £100
Scott Kelly, car insurance expert

As ever with insurance, you are well advised to shop around, compare the deals on the market, look at the prices and read the policy with care.

It's not all about insurance…

Remember that for many people the most valuable thing about their gadget will not be the device itself but the data on it.

Protecting this needn't cost you any money at all.

Ensure that you regularly back up your music, photos, files, contacts and other information.

Consider cloud storage options for your data, as well as physical back-ups such as home computers and detachable hard discs.

By Sean Davies