Wednesday, September 14th, 2011
If you’re in the habit of taking your iPad or laptop with your wherever you go, then it might be time to consider purchasing gadget insurance. Many consumers are unaware that their gadget warranties (even extended warranties) don’t cover theft, water damage and cracked screens.
One of the top players in the gadget insurance game is Worth Ave Group, which has been in business since 1971 and is familiar to any college students who’s worried about dorm room theft. Wave Ave insures laptops, iPads, smartphones, TVs, e-readers and gaming systems.
Gadget insurance is less expensive than you may think. For an $800 laptop, coverage is about $140 with a $50 deductible. (Note that prices vary according to your geographic location.)
Read more about the ins and outs of gadget insurance on the Reuters Money Blog.