Understand insurance products and associated services:
Gadget Insurance – A fact of modern life is that we have smart phones, tablets, laptops, e-readers, drones.
a. Month by month with gadgets swapped in and out.
b. Loss , damage or theft cover.
c. Mobile phones are usually replaced rather than being compensated by cash, reducing the temptation for fraud claims.
d. Mobile phones need to be new or refurbished in the UK, secondhand phones are excluded
e. Cover can extend to include loss or damage with a family member
f. Personal Drones covers both accidental damage to the drone as well as third party damages. Annual policy or PAFL
Other typical exclusions:
Misc.: Some household policies can be extended to cover the above as well, some don’t.