Laptop Insurance FAQ
Laptop Insurance Best Laptop Insurance

Laptops are not just expensive, but they are also a big part of our everyday lives. Whether it's for working, studying, watching movies, or playing games, we depend on these devices and use them so much that the very thought of a damaged or stolen laptop is unbearable. However, like most electronics, laptops are susceptible to damage and theft, while the repair and replacement costs are high. That is why protecting them from such unforeseen incidents is crucial. Thankfully, this is easy with an insurance plan from Worth Ave. Group. Whether you own a Windows laptop or an Apple MacBook, here is everything you need to know about laptop insurance so you can provide the best possible protection for your valuable device.

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What is laptop insurance?

Laptop insurance is a form of financial protection that provides coverage for your laptop from various incidents. Think of it as a safety net protecting your laptop from common accidents such as cracked screens, spills, liquid submersion, and drops. Moreover, Worth Ave. Group laptop insurance plan also offers coverage for various perils, including theft, vandalism, fire, flood, or power surge caused by lightning.

What's the difference between laptop insurance and warranty?

It's important to note that laptop insurance and warranty don't cover the same things. Laptop standard warranties usually only cover manufacturer defects on hardware components for a limited time after the device is purchased, but not accidental damage or theft. So, if you accidentally damage your laptop or someone steals it, your warranty can't help you, but your insurance has you covered.

Is laptop insurance worth it?

Protecting your laptop with insurance is a great way to save on costly repairs or replacements when accidents happen. Repairing or replacing an accidentally damaged laptop can set you back hundreds of dollars or even more. For instance, if you drop your laptop and crack the screen, this repair can cost up to $250. If you spill coffee or soda all over your laptop and it stops working, replacing the motherboard can cost over $300. And what if your pricey laptop is damaged beyond repair or stolen? It could cost an arm and a leg to replace it! Considering how expensive repairs and replacements could be, there is no question that laptop insurance is worth every penny when you unexpectedly need to repair or replace your device.

Do I need laptop insurance?

Whether you need laptop insurance depends on many factors, mainly on how expensive your laptop is, how much you rely on your laptop, and how much at-risk you think your device is. If you are not sure whether you should get this type of protection, try asking yourself this question: If I accidentally damage my laptop or if it gets stolen, could I afford to repair or replace it? If the answer is "no," then there is no better way to protect your laptop and your wallet than laptop insurance.

Laptop insurance could be worthwhile coverage if you're a parent and your children use your laptop or have their laptops. Or if you're a K-12 administrator and your school is responsible for repairing or replacing the laptops issued to your students. As we all know, children aren't the best at taking care of their devices, and the risk of damage is significant when kids are using them. So, parents and educators could save hundreds, if not thousands, by investing in laptop insurance to protect their children's or students' devices.

Having laptop insurance could also be extremely helpful if you carry your laptop everywhere, use it in public places, or travel often. Because the moment you leave your home, your device becomes more vulnerable to damage and theft. Thieves often target laptops, and although theft can happen anywhere, restaurants, parked vehicles, and airports are among the most common places where laptops are stolen. Laptop insurance gives a sense of security, knowing that your insurance company is here to help you if anything happens to your device.

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How does laptop insurance work?

Laptop insurance is like any other insurance. When purchasing an insurance policy from Worth Ave. Group, you choose the state, user type, coverage amount (corresponding to the value of your laptop), policy term (one to three years), and payment option (monthly or annual billing). Once you complete the procedure, you have insurance protection for your laptop. In the event of a covered incident, you only need to file a claim and pay a deductible, and we cover the expenses to repair or replace your laptop.

How much does it cost to insure a laptop?

Your laptop insurance premium will depend on your state of residence, the coverage amount, and the policy term. But, the good thing is that Worth Ave. Group has affordable premiums, so an insurance policy costs less than you think, certainly much less than the high costs of repairing or replacing a laptop without insurance. For instance, you can insure a $500 laptop for just $5 a month or $48 a year, which means – one covered incident, and the insurance pays for itself!

What does laptop insurance cover?

Worth Ave. Group has a comprehensive laptop insurance plan that provides coverage for the following losses:

  • Cracked screens
  • Spills and liquid submersion
  • Accidental damage (Drops)
  • Theft and vandalism
  • Fire, flood, and natural disasters
  • Power surge by lightning

What doesn't laptop insurance cover?

Although Worth Ave. Group insurance plan covers the widest range of perils possible, our policy has some exclusions, so it doesn't cover things like:

  • Computer viruses
  • Software problems
  • Intentional damage
  • Cosmetic damage
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Why choose Worth Ave. Group laptop insurance?

Finding the right laptop insurance plan is not easy, but you should always look for a reputable, well-established, and reliable insurance provider. With over 50 years of experience, Worth Ave. Group is a fully licensed agency in U.S. and Canada, backed by A.M. Best "A" Rated Underwriters! Our comprehensive laptop insurance plan features unlimited claims, low deductibles, and affordable premiums. We cover all laptop makes and models, including new, used, or refurbished ones. You can purchase an insurance policy anytime, our claim submission process is simple, and we have consistently high customer satisfaction ratings – rated 4.5/5 by TrustPilot!

How can I get laptop insurance?

If you're interested in buying laptop insurance, you can get an online quote: