It is not just in the business world. Technology has become a part of our personal lives – from reliable smartphones to fun smart TVs – and every clever thing in between. Because of all the data we put in it, these gadgets are expensive in themselves and seem to be an indispensable item.
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For items of this value, it seems perfectly understandable that they should have an insurance policy that contains them. After all, if there is a theft or destruction, the hidden costs will be considerable.
If you have already paid a premium for the homeowner or renter plan, you may be assured! The existing standard coverage should protect your interest in the device! In fact, in addition to exclusions and limitations, they are reasonably included in the personal property portion of the policy.
Question: In short, what does the standard homeowner insurance policy cover?
A: Your standard policy covers not only the actual structure of your home. It also includes personal items in your home - even removable items [like your iPhone]. However, please be sure to review your policy terms. Check the restrictions in the Coverage C section to verify everything that is actually protected by the authoring company.
Question: So, if I verify this, will I cover it in the case of related losses or damages?
A: It all depends on your deductible. If a thief cancels with a $350 technology device and you have a $500 deductible, then once you reach the $500 deductible, your insurance will begin. If you have not paid the loss of your money from your pocket, you will not receive any compensation for this type of loss.
Question: As far as the tenant is concerned, does the landlord's insurance cover any personal property in the home?
A: Ah! Now you are emphasizing the misunderstandings that are common in many tenants. The simple and clear answer is a bold, stressed NO! But let me explain it further. The landlord protects the building itself, not the content. In order to be protected, renters must purchase their own policies - by the way, this is usually not a very expensive investment. Under the terms of the policy, renters are covered as much as home insurance, and smartphones and similar technology equipment should be protected from general liability and associated risks.
Orignal From: Is your smartphone covered by homeowner insurance?
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