Would homeowners insurance offer coverage for laptops similiar to the
manufacturers for a lot less money?

Generally, homeowner's insurance will cover fire or theft, but not
failure. As to accidental damage, check with your agent, but probably not.


shareyourknowledge********.com wrote:
> Would homeowners insurance offer coverage for laptops similiar to the
> manufacturers for a lot less money?
>

"Barry Watzman" <WatzmanNOSPAM@neo.rr.com> wrote in message
news:45a32da0$0$5240$4c368faf@roadrunner.com...
> Generally, homeowner's insurance will cover fire or theft, but not
> failure. As to accidental damage, check with your agent, but probably
> not.
>

Also, many policies exclude business equipment, and the insurers categorise
computer equipment as business equipment regardless of its actual usage.

>
> shareyourknowledge********.com wrote:
>> Would homeowners insurance offer coverage for laptops similiar to the
>> manufacturers for a lot less money?
>>

In an earlier contribution to this discussion,
shareyourknowledge********.com <shareyourknowledge********.com> wrote:

> Would homeowners insurance offer coverage for laptops similiar to the
> manufacturers for a lot less money?

My laptop is covered in the 'All Risks' section of my home insurance
policy - and covers me for loss, theft, accidental damage, etc. anywhere in
the world. But it *doesn't* cover things like component failure or
consequential damage resulting from data loss.
--
Cheers,
Roger
______
Email address maintained for newsgroup use only, and not regularly
monitored.. Messages sent to it may not be read for several weeks.
PLEASE REPLY TO NEWSGROUP!

In article <50h9tfF1fpq6rU1@mid.individual.net>,
Roger Mills <watt.tyler@googlemail.com> wrote:
>In an earlier contribution to this discussion,
>shareyourknowledge********.com <shareyourknowledge********.com> wrote:
>
>> Would homeowners insurance offer coverage for laptops similiar to the
>> manufacturers for a lot less money?
>
>My laptop is covered in the 'All Risks' section of my home insurance
>policy - and covers me for loss, theft, accidental damage, etc. anywhere in
>the world. But it *doesn't* cover things like component failure or
>consequential damage resulting from data loss.
>--
>Cheers,
>Roger


A no-questions-asked fix-or-repalce contract with the manufacturer
will replace your laptop with an identical model and get you back in
business in hours in the case of the on-site contracts and it
you have proper backup.

Third-party contracts, in general, either give you cash, rarely enough
to buy an identical unit, or replace it with an "equal or better"
model, and the model is their decision.

Getting cash doesn't get you back in business. You need to take time
to select a new model, get it delivered, and install all youe apps and
data. (A new model is rarely is image-compatible with the backup of
teh old machine.) If the dead machine was a couple of years old, they
you're faced with new versions of MS Office that come with the new
machine and you have to figureout the new versions. Yo've invariably
forgotten the keys to some of the software you've bought over the
internet and have no proof of purchase for.

If what you use your laptop for is deadline-critical you don't want to
mess with all that, the day before a deadline.





--
a d y k e s @ p a n i x . c o m
Harrison for Congress in NY 13CD www.harrison06.com
Don't blame me. I voted for Gore. A Proud signature since 2001

You NEVER want to use your homeowners policy to cover probable damage/theft
to a laptop. It will affect your future rates and conceivably, your
renewability. Your homeowners policy should be used to cover catastrophic
claims you can't afford to pay for yourself...not small claims that are more
of a financial inconvenience. Your deductible should reflect that as well,
such as a minimum $1,000 deductible, which makes insuring a laptop pretty
pointless.


<shareyourknowledge********.com> wrote in message
news:1168320124.593044.98750@q40g2000cwq.googlegro ups.com...
> Would homeowners insurance offer coverage for laptops similiar to the
> manufacturers for a lot less money?
>

In an earlier contribution to this discussion,
Larry <ziggy_calif******.com> wrote:

> You NEVER want to use your homeowners policy to cover probable
> damage/theft to a laptop. It will affect your future rates and
> conceivably, your renewability. Your homeowners policy should be
> used to cover catastrophic claims you can't afford to pay for
> yourself...not small claims that are more of a financial
> inconvenience. Your deductible should reflect that as well, such as
> a minimum $1,000 deductible, which makes insuring a laptop pretty
> pointless.
Maybe household insurance varies from country to country? My policy (in the
UK) includes an All Risks section specifically for covering items which are
taken out of the home and carried around - clothes, cameras, jewellery, etc.
There is no excess (deductable in your speak) in the case of items which are
individually specified in the schedule, and claims within this section have
no effect on the no claims discounts which apply to the buildings and
contents sections.
--
Cheers,
Roger
______
Email address maintained for newsgroup use only, and not regularly
monitored.. Messages sent to it may not be read for several weeks.
PLEASE REPLY TO NEWSGROUP!

All Risk does not necessarily cover ALL things. It means All Risk coverage
subject to the exclusions in the policy. In the USA, all homeowners
policies have a deductible with the exception of personal property riders
that do have expanded All Risk coverage, including no deductible being
applied for losses, though many carriers have put a special deductible for
laptops, due to the increase in claims on them. It forces the policyholder
to take more due diligence with their item, as they have financial
participation in the claim.


"Roger Mills" <watt.tyler@googlemail.com> wrote in message
news:50il3dF1g9d0rU1@mid.individual.net...
> In an earlier contribution to this discussion,
> Larry <ziggy_calif******.com> wrote:
>
>> You NEVER want to use your homeowners policy to cover probable
>> damage/theft to a laptop. It will affect your future rates and
>> conceivably, your renewability. Your homeowners policy should be
>> used to cover catastrophic claims you can't afford to pay for
>> yourself...not small claims that are more of a financial
>> inconvenience. Your deductible should reflect that as well, such as
>> a minimum $1,000 deductible, which makes insuring a laptop pretty
>> pointless.
> Maybe household insurance varies from country to country? My policy (in
> the UK) includes an All Risks section specifically for covering items
> which are taken out of the home and carried around - clothes, cameras,
> jewellery, etc. There is no excess (deductable in your speak) in the case
> of items which are individually specified in the schedule, and claims
> within this section have no effect on the no claims discounts which apply
> to the buildings and contents sections.
> --
> Cheers,
> Roger
> ______
> Email address maintained for newsgroup use only, and not regularly
> monitored.. Messages sent to it may not be read for several weeks.
> PLEASE REPLY TO NEWSGROUP!
>

In an earlier contribution to this discussion,
Larry <ziggy_calif******.com> wrote:

> All Risk does not necessarily cover ALL things. It means All Risk
> coverage subject to the exclusions in the policy.

Indeed, and it also doesn't mean every conceiveable risk. I used the term
'All Risks' because that is the traditional name for this type of cover in
the UK insurance industry. On my actual policy, it's more accurately
described as 'Extra Cover'.

Mine doesn't cover things like bicycles and caravans - for which there are
separate (optional) sections in the policy, and it doesn't cover mechanical
(or electronic) breakdown.

However, if the insurance company is prepared to list a laptop as a line
item in the schedule ( which mine is) and if laptops are not explicitly
excluded in the policy wording (which, in my case, they are not) then they
are COVERED for the risks defined in the policy. If this provides *adequate*
cover for a particular individual - which, in my case, it does - there is no
reason whatsoever for not using it.

I accept that it may not be adequate for someone whose laptop is their
principal PC and who relies on it for critical business activities.
--
Cheers,
Roger
______
Email address maintained for newsgroup use only, and not regularly
monitored.. Messages sent to it may not be read for several weeks.
PLEASE REPLY TO NEWSGROUP!