Friday, July 1, 2005
New Insurance Will Protect Expensive Gadgets
Posted by Suhit Gupta in "NEWS" @ 01:00 PM
"But a new kind of insurance plan will cover you in case of theft, loss or accidental damage to your gadget. A growing number of insurance companies now offer special policies, or riders you can tag on to your existing homeowner’s insurance. The cost can vary, but is usually around $5 a month for a cell phone or iPod. Consumer advocates like Doug Heller worry about the cost, and the fine print. They say some policies may include deductibles of up to $100, and may contain coverage exceptions and replacement limitations."
Interesting insurance plan for those of you that tend to break or lose devices. I find that the monthly fee is a bit high, but more than that, the deductable seems to make it not worth it, especially for the small $200-300 devices. But, it might be worth it for expensive toys like Digital SLRs and lenses. What do you guys think?
Interesting insurance plan for those of you that tend to break or lose devices. I find that the monthly fee is a bit high, but more than that, the deductable seems to make it not worth it, especially for the small $200-300 devices. But, it might be worth it for expensive toys like Digital SLRs and lenses. What do you guys think?
