Having an expensive gadget keeps someone in an unnecessary phobia of losing his/her precious electronic gadget. Usually, with new electronic gadgets, customers get one-year free warranty for manufacturing defects and software related issues. But, such warranties do not cover liquid/accidental damages so to insure an electronic gadget against theft, burglary, liquid/accidental damage people prefer to buy a separate gadget insurance policy. A majority of people buy gadget insurance without knowing the actual terms and conditions. In such scenarios, people waste their money on buying worthless insurance policies, which would have very sophisticated claiming procedures and would have very huge depreciations. It is indeed a smart decision to insure a gadget(usually for expensive gadgets) but if you buy an insurance policy without knowing the various types of deductions such as; claim fees, depreciation for repair or full claims, service charges etc then it could alter your decision.Continue Reading
Mobile insurance industry is growing rapidly around the globe because of increase in demand of mobile insurance. People spend large sums of money on buying expensive gadgets and they do not hesitate to spend few more bucks to secure their precious gadgets against theft or damage. Over the past few years, many insurance companies started insuring electronic gadgets. You can insure any of your gadget like laptop, mobile phone, watch, tablet, notebook, LED TV etc.