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Gadgets

Do you need mobile phone or gadget insurance?

Does insuring your mobile phone or tablet make financial sense? Compare various mobile phone and gadget insurance options to find the right fit for your needs.

Britons and their gadgets are becoming increasingly inseparable. Gadget insurance covers your smartphone, laptop, tablet and a range of other hand-held and wearable gadgets against every eventuality including theft, loss and liquid damage.

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Gadget insurers allow consumers to cover a single item or a bundle of goods, specialising in cover for devices such as:

  • Mobile / smartphones
  • Laptops
  • Cameras / camcorders
  • Tablets / e-book readers
  • MP3 players
  • Games consoles
  • Satellite navigation systems

With smartphones and tablets being must-have accessories on the go, you can easily find yourself carrying £1000+ worth of gadgets.

Then it’s also no surprise that the popularity of gadget cover and mobile phone insurance is on the rise with the industry’s value across Europe estimated at £1.24 billion.

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Search for a range of gadget insurance quotes and deals with uSwitch and money.co.uk*

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Many consumers are finding that the benefits of insuring their gadgets with a specialist provider can outweigh the costs as home contents insurance providers often charge extra for items lost or damaged away from home.

However, there is also some controversy surrounding the tightly crafted terms and conditions of gadget and mobile phone insurers, which can sometimes make processing a successful claim difficult.

Compare various mobile phone and gadget insurance options

The growth of the gadget and mobile phone insurance industry has much to do with the increasingly significant role consumer electronics play, but its success as a standalone policy comes down to filling a gap in the market.

While home insurance can cover your gadgets as part of the contents cover, this often comes at a heavier premium for ‘out-of-home’ protection, which may not even be worth it considering that the excess can cost between £100 to £300 per claim.

Furthermore, if you’re on a home contents insurance policy with a no claims discount then bundling in gadgets that are easier to lose such as mobile phones and iPods could put that in jeopardy.

Girl with iPhone and Apple Watch

Meanwhile, standalone gadget insurance like student laptop insurance usually costs anywhere between £1.50 to £20 per month depending on the value of the device, with excess typically charged at around £25 to £75 per claim.

Gadget insurance policy

As a specialist policy, consumers are likely to receive more appropriate perks, such as replacement goods within 48 hours of making a successful claim.

Many of the gadget insurers also offer worldwide cover as standard helping to complement most travel insurance policies, which tend to only protect single item losses up to the value of £300 – far below the average price of a laptop or tablet.

Taking out insurance for more than one gadget on the same policy should provide a discount on the monthly premiums but there are varying rules from each provider regarding the claims process.

For instance, some insurers will not protect consumers against accidental loss or will charge extra for the privilege so it’s important to read the small print and check reviews by other consumers before taking out a new policy.

Compare gadget insurance

Search for a range of gadget insurance quotes and deals with uSwitch and money.co.uk*

Get a quote

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