Mobile phone and gadget coverage under home insurance is primarily focused on incidents that occur within your property, such as house fires, floods, or burglaries, which ensures comprehensive protection for your devices in those circumstances. However, it’s important to consider that if your device is dropped, lost, or stolen outside of your house, it may not be covered by your policy. Fortunately, stand-alone mobile phone insurance plans offer coverage for your gadgets regardless of your location, giving you peace of mind wherever you go.
While home insurance does provide an option to extend coverage for personal possessions outside of your property, it does come with an additional cost of approximately £25-35 on top of your annual premium. This additional coverage ensures that your mobile phone is protected even when you’re away from home.
It’s worth noting that making a claim for your mobile phone through your home insurance can have certain implications. Your no-claims bonus may be affected, and you may be required to pay a higher excess fee and experience increased monthly premiums.
Negatives of taking out phone insurance with your home insurance:
- Not covered if an incident occurs outside of the house.
- Lengthy claim process
- High monthly premium and excess.