Gadget Insurance is different from manufacturer’s warranty. The warranty will only cover you for about 12 months and will only cover damage that wasn’t your fault, however the insurance lasts as long as you find it necessary, and it protects against much more than manufacturer’s warranty.
There are several reasons why you should consider gadget cover. Of course, it all depends on what kind of gadgets you own and whether you’re accident prone. If the gadgets you own would cost a lot to replace or repair, then it is worth thinking about gadget insurance.
If you own a very expensive MacBook and replacing it if something happens would cost you over £1,000, gadget insurance seems a reasonable choice and you won’t usually pay more than £170 a year for MacBook Insurance with loveit coverit.
Before taking out insurance, double check if your current bank account, home insurance or credit card does not already include gadget insurance. However, often the gadget cover included in home insurance policies or bank accounts is not as comprehensive as the one offered by specialist gadget insurers.
The cost depends on the type of gadget you want to insure, its make, model and age. The older the gadget is, the cheaper the insurance might be because of the drop in the RRP.
The price of insurance also depends on what type of cover you choose – our Essential policies will cost you a bit less but also will cover you for less, whereas our Premium policies will cover you for more but will cost you a bit more, too.
For example, to cover an Apple Watch 7 with our Premium Cover, it would cost you £5.59, whereas covering a MacBook Air 2020 would cost £7.99 per month.
The best way to find out how much gadget insurance will cost you is to use our quick quote tool.
If anything happens to your gadgets, you can make a claim. Provided that the issue is covered under your insurance policy, you will typically pay an excess charge before sending your gadget off for repair or replacement. This is a non-refundable cost charged for claiming on your policy.
The excess charge itself will differ depending on type of gadget you own and its make and model. Essentially, the more expensive your gadget, the more you’ll need to pay. If claiming for theft (and in some cases, loss), you may have to pay extra compared to if you were making an accidental damage gadget insurance claim.
To see our excess rates, visit our excess table.
Like all insurance policies, there are some rare occasions in which we won’t be able to provide cover for your gadget. You’ll be made aware of these when you make a quote, but the most common are as follows:
• Your gadget is already damaged
• You bought your gadget refurbished as grade B or C
• Your gadget is 6 months old or more
• Your gadget wasn’t bought from a UK VAT-registered company
• You’re not a UK resident
• You haven’t paid for your mobile phone cover