Does Home Insurance Cover Laptop Damage?

  1. 130 POINTS
    Ray Jeffrey
    Insurance Agent, Liberty Mutual Insurance,
    It depends on your home policy, and what happened to the laptop. Your home policy protects your property against certain risks. If your laptop was stolen you may have coverage, but if you dropped it or spilled a drink on it that would not be covered on your home policy. In most cases though, your deductible is going to exceed the value of the laptop regardless of what caused the loss. Furthermore, you should try and protect your loss history. If your decuctible is $1,000 and it costs $1,200 to replace the laptop, your compensation will only be $200. This may not be worth filing the claim as you may lose discounts for a clean loss history and the increased cost of insurance may not be worth it.
    Answered on May 1, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>