Computer Insurance

Computer Insurance



Computer Insurance
Investing in​ a​ personal computer is​ not less an​ amount .​
It is​ next only to​ investing in​ a​ house or​ a​ car .​
So,​ it’s not unwise an​ idea to​ insure your computer and its allied accessories like peripherals and software .​
However,​ how much coverage you​ get for what accessory depends on​ individual market offer .​
There are several threats your computer might face .​
Such as​ virus attack,​ data corruption,​ system crashing down,​ peripheral malfunctioning and many more .​
Thus,​ it​ is​ important for you​ to​ protect your investment by proper insurance coverage .​
There are certain aspects of​ computer insurance you​ must know.
Coverage under homeowner or​ renter’s policy
In most of​ the​ cases if​ you​ have homeowner or​ renter’s policy your home accessories and assets are also covered in​ that and so is​ your computer .​
It is​ covered against all the​ threats and disasters listed in​ the​ policy .​
Thus,​ if​ your computer gets stolen or​ gutted in​ fire you​ can claim for the​ damages .​
However,​ your computer gets covered only for the​ amount listed in​ your policy.
Replacement cost and actual cash value
Though replacement cost is​ 10 percent more expensive as​ compared to​ Actual cash value,​ keeping in​ mind that things depreciate fast,​ this is​ a​ very wise move .​
The reimbursement you​ get on​ replacement cost is​ the​ same as​ the​ current cost of​ your computer and not the​ petty depreciated cost you​ would get with actual cash value policy .​
Coverage for Laptop and portable computer
Laptop and portable computers are considered personal possessions away from home under the​ homeowners or​ renter’s policy .​
Thus,​ they are also covered under this policy .​
However,​ there is​ a​ dollar limit on​ personal possession that are stolen or​ damaged away from home.
Computers don’t only get covered under the​ homeowners or​ renter’s policy .​
a​ number of​ insurance companies offer individual insurance policies for computers as​ well .​
It is​ important to​ remember that when you​ buy a​ computer insurance policy you​ must retain the​ receipt of​ the​ policy as​ well as​ that of​ the​ computer and its peripherals very carefully .​
Computer insurance is​ vital for students,​ business professionals,​ small business owners,​ schools,​ home users with heavy usage and many more people who use computers for their critical applications .​
Computer insurance does not cover certain items such as​ maintenance costs,​ electrical or​ mechanical breakdown,​ wear and tear,​ fraud and dishonesty,​ consequential loss,​ and loss or​ damage caused by sonic bangs .​
However,​ they are well covered under the​ warranty/extended warranty of​ the​ equipment.




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