If you have a laptop then laptop insurance may prove to be invaluable to you.

Laptops – a sign of the times

Not that long ago, laptops were something used almost exclusively by larger businesses, wealthy individuals or computer devotees.

All that’s changed over the past 10-15 years, partly because of the internet and partly because of advancing technology and reducing prices (relatively speaking).

Today they’re everywhere and many people use them not just for business or as a hobby tool but as an essential part of their everyday life.

Some facts

When people talk about laptop facts they tend to mean how many Gigabytes of memory it has or its processor speed etc.

Yet there are some far less technical characteristics of laptops that may make it worthwhile to think about laptop insurance:

– they’re small and relatively easy to steal; 
– they’re usually expensive items so they’re attractive to thieves; 
– they’re electronic and fragile – meaning that they’re vulnerable to accidents; 
– they’re electronic – meaning that they’re perfectly capable of breaking down.

Just about any of these problems may end up with you spending a lot of money to repair your laptop or perhaps having to buy a new one.

If you’ve got a lot of surplus cash and just don’t know what to do with it then you probably don’t need to read any further – if you haven’t, then thinking about laptop insurance might just be advisable.

Why insure your laptop?

The protection offered by a policy will naturally vary depending upon the insurance provider and the specific nature of the policy concerned.

However, you may see that it will cover:

– theft; 
– accidental damage; 
– breakdown outside of the manufacturer’s warranty period.

Perhaps almost as importantly, the policy may offer:

– 48-hour replacement once the claim is approved and 
– worldwide cover – potentially exceptionally useful if you’re travelling overseas on business.

Laptop cover and convenience

This type of cover may help you recover not only from the financial shock but also any logistical inconvenience you may face as a result.

The trouble is that your laptop may be at the very fulcrum of your personal and business life. Being without it for extended periods while you try and source another one may be something that you’ll wish to avoid.

That’s why laptop insurance protection may be worth thinking seriously about. No, it can’t stop misfortune or criminal activity striking you but it may be able to help minimise the impact both financially and in terms of your day-to-day life. As with any insurance product, terms and conditions, exclusions and limitations will apply and you may wish to read these carefully to ensure you understand them.