We can offer this “All Risk” coverage for computers away from home for an additional premium. Having this added coverage adds to the perils that will be covered such as accidentally dropping the computer or power surges.
Get a special computer rider but when you purchase a
computer, it is very important to keep the receipt. Also, remember to keep
receipts for related items such as CD ROMs, software, additional memory and
other items computer aficionados buy over time. Keep this information in a
safe place.
| How Often Should I Review My Policy? (continued from page 1) Don’t forget about new structures outside the home. If you built a shed or gazebo, or installed a pool or hot tub, you need to speak to your agent. Keep receipts and records in case you need to forward copies to your company. 3)You have made your home safer - If you have installed a state-of-the-art fire/burglar alarm system or upgraded your plumbing, heating or electrical system, make sure your insurance company knows. You may qualify for a discount. 4) Major lifestyle changes - Marriage, divorce or adult children returning home can all affect your homeowners insurance. When people move in or out they take their belongings with them. You may need additional coverage if there is a sizable increase in the value of the belongings in your home. Starting a home-based business can also trigger changes in your coverage. If your business is your primary source of income, you may need a Businessowners Package Policy (BOP). We can help you decide on the proper coverage for your needs. Call us at (603) 437-1992. |
Personal Computer Insurance
A growing number of people are purchasing personal
computers these days. For many, this is a major purchase trailing only
behind buying a home and car in terms of expense. It is important to know
how to insure your computer.
Coverage under a Homeowners or Renters Policy
If you have a homeowners or renters policy, your personal computer would be
covered, in the home, against all of the basic disasters listed in the
policy. So, if your computer is stolen or destroyed in a fire, you would be
covered. Take note that if you have a student taking a computer to college,
the computer and all other belongings are limited to 10% of your contents
coverage on these policies.
Replacement cost versus actual cash value
Consider getting a replacement cost rather than an actual cash value policy
for your personal belongings. Replacement cost insurance would reimburse you
for the current cost of your computer and other personal possessions, while
an actual cash value policy would pay the depreciated cost.
Coverage for your computer away from home
If you plan to regularly take a laptop out of your home, remember you have
only peril coverage equaling 10% of your contents. Coverage C is available
on your policy for your personal possessions away from home. This means that
if you have $40,000 worth of coverage for your personal belongings, you
would have $4,000 worth of theft protection away from home.
Floaters
Consider getting a floater on your homeowners or renters policy for your
portable computer. This policy would cover your computer for its full value
anywhere in the world on an all-risk basis.
