Along with our phones and our TVs, laptops have quickly become the one thing that we can’t live without. If it is lost, stolen or damaged, a laptop can be expensive to replace and most home insurance policies don’t automatically cover expensive electronics. Don’t worry though, UK Money Market have rounded up the best laptop insurance out there.
What’s The Lowdown?
Laptop insurance is broken down into various categories. There is cover for theft, breakdown, accidental damage and if you lose it. With laptop insurance, more than any other, the maximum cover is important as you don’t want to find yourself inadequately covered.
Who’s The Cheapest?
For the price of a cup of coffee a month, you can insure your laptop at Insurance 2 Go. Their cover, from £2.99 a month, doesn’t have a maximum limit but only covers you in case of theft or accidental damage. MyGadgetBuddy is more expensive (by one pence, their cover is £3.00 a month) and will insure your laptop up to a value of £2,000 with a standard excess of £75. Again, the cover isn’t comprehensive as loss cover costs extra.
And Who’s The Best?
i-Digital specialise in ‘gadget insurance’ and their cover, which starts at £6.18 per month (with a 15% online discount) gives you multi-gadget cover up to a combined value of £2,500. The excess varies, from £25 upwards, but the cover is completely comprehensive. Macbooks are expensive, often more expensive than the maximum cover limits, but Protect Your Bubble offer specific Macbook insurance for just £6.99 a month. Be aware that their cover doesn’t include loss protection.
I need a good all-rounder
The best all-round cover is with Cheaper Gadget who will fully insure your five favourite gadgets for £44.99 a year (that’s about £3.75 a month). Though comprehensive, their cover only insures you up to £500 worth of gadgets so this is good for lower end laptops.
So, what’s the Summary?
If you’re simply looking for laptop cover, UK Money Market’s top pick would be MyGadgetBuddy’s laptop insurance. At only £3 a month for such great cover, it more than makes sense to insure your beloved laptop.