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This
is an Insurance article by an independent author and jml
Insurance takes no responsibility for its accuracy or content
Computer
Insurance By
Joseph Kenny
Investing
in a personal computer is not less an amount. It is next only
to investing in a house or a car. So, it’s not unwise an idea
to insure your computer and its allied accessories like peripherals
and software. However, how much coverage you get for what
accessory depends on individual market offer. There are several
threats your computer might face. Such as virus attack, data
corruption, system crashing down, peripheral malfunctioning
and many more. Thus, it is important for you to protect your
investment by proper insurance coverage. There are certain
aspects of computer insurance you must know.
Coverage
under homeowner or renter’s policy
In
most of the cases if you have homeowner or renter’s policy
your home accessories and assets are also covered in that
and so is your computer. It is covered against all the threats
and disasters listed in the policy. Thus, if your computer
gets stolen or gutted in fire you can claim for the damages.
However, your computer gets covered only for the amount listed
in your policy.
Replacement
cost and actual cash value
Though
replacement cost is 10 percent more expensive as compared
to Actual cash value, keeping in mind that things depreciate
fast, this is a very wise move. The reimbursement you get
on replacement cost is the same as the current cost of your
computer and not the petty depreciated cost you would get
with actual cash value policy.
Coverage
for Laptop and portable computer
Laptop
and portable computers are considered personal possessions
away from home under the homeowners or renter’s policy. Thus,
they are also covered under this policy. However, there is
a dollar limit on personal possession that are stolen or damaged
away from home.
Computers
don’t only get covered under the homeowners or renter’s policy.
A number of insurance companies offer individual insurance
policies for computers as well. It is important to remember
that when you buy a computer insurance policy you must retain
the receipt of the policy as well as that of the computer
and its peripherals very carefully.
Computer
insurance is vital for students, business professionals, small
business owners, schools, home users with heavy usage and
many more people who use computers for their critical applications.
Computer insurance does not cover certain items such as maintenance
costs, electrical or mechanical breakdown, wear and tear,
fraud and dishonesty, consequential loss, and loss or damage
caused by sonic bangs. However, they are well covered under
the warranty/extended warranty of the equipment.
Joseph
Kenny is the webmaster of the insurance site http://www.insure121.com/
where you will find information, news and links to the leading
providers of insurance in the UK. If you found this article
interesting you may find more articles of the same nature
in the insurance
guide located on site.
Article
Source: http://EzineArticles.com/?expert=Joseph_Kenny
The
information supplied on this page is by a third party and
jml Property Services do not take any responsibility to its
accuracy ©jmlpropertyservices01/06
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