Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.
*We review the UKs gadget insurers to hunt out the best policies and cheapest cover for iPad, laptops and sat navs, both at home and abroad.**
Our guide is designed to identify whether you need cover at all, and if you do which companies are the ones that will give you the cover you are after..
Well you might decide that you are well off enough to just replace it out of your own funds, and if that's the case the answer is probably no! Additionally you may decide that you are covered on your home insurance – and again that may well be the case. But please do review your policy carefully.
If you are relying on your home insurance make sure you have ‘all risks' cover which means that items are insured off your property and even abroad. Make sure that the total covered is enough for your all your ‘portable valuables', and that your iPad is not over the maximum cover limit for computer equipment.. We often see customers carry forward the same ‘all risks' limits from year to year, which probably covered a few bits of jewellery and a couple of watches a few years ago – completely forgetting that the kids are hopping on a train to school or college with iPhones, laptops and more besides. Lastly make sure you are comfortable with the idea that your no claims discount may be affected if you do have to claim on your home insurance – if your premium is hefty it could be a sizeable incentive not to claim – hence negating the reason for insurance in the first place!
You may also be covered by your travel insurance policy when you are on holiday – but again check the limits – some may have great personal possession limits, but then the small print reveals that a laptop or iPad will only be covered up to £250, or worse still not at all.
There are a growing number of gadget insurers in the market, catering for every product from sat nav to iPhone.
In a separate article we cover mobile phone insurance. Otherwise we compare iPad, tablet, laptop and sat nav insurance below: