Mobile devices – like the iPhone, the Blackberry, and the Android, and now the iPad – have grown exponentially in popularity amongst our busy families. It is not uncommon for a household to have several smart phones, a tablet such as an iPad, several laptops, and an expensive camera in their home. Typically these devices have either been insured on the homeowners policy or with an expensive monthly “insurance” charge on your monthly wireless bill.
- What types of losses do these policies actually cover?
- Will your homeowners insurance cover loss or theft outside the home or “mysterious disappearance?” (if you said “yes” you better go check!)
- Does your wireless carrier even offer coverage for your iPhone or iPad or have they referred you to an expensive 3rd party insurance vendor that you’ve never heard of?
There is now an affordable alternative to cover your mobile devices with an insurance company you’ve actually heard of at a price that could cover ALL of your devices for what you’re paying for just one.
Insuring Your Mobile Devices
So how does it work?
The policy is called a Personal Articles Floater (also called an Inland Marine Policy) and it covers devices and equipment you own on an “all risk” basis instead of the typical fire or theft coverage that exists on your homeowner’s policy. We can offer the Personal Articles Floater to all of our clients that have either a home or auto policy with CoVerica.
We consistently beat what you’re currently paying for home, auto, and all other types of insurance while maintaining the same (but usually much better) coverage. We have seen reductions in premiums of several hundred or even over a thousand dollars in some cases, while doubling and tripling the amount of coverage.