is my macbook covered by my homeowners insurance?
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Asked September 4, 2012
A homeowner's insurance policy is actually a group of policies that provide complete home protection. One of the parts of a homeowner's policy is personal property insurance, and that includes anything you own. The most common mistake that homeowners make, however, is to assume that the personal property coverage in their policy is sufficient to cover everything.
Most homeowner's insurance policies include coverage for personal property up to a percentage of the policy value. In a majority of cases, this value is 10%, so if you had a home insurance policy for $150,000 the personal property coverage would be for up to $15,000. This is more than enough to replace an Apple MacBook, but it is enough to replace the MacBook plus everything else? Remember, your personal property includes everything from your appliances to your wardrobe. An average family has many thousands of dollars in personal property, and should consider increasing the limits of a default home policy.
You can also purchase coverage specifically for your MacBook or other electronic devices. In some cases, this is probably an easier way to handle insuring your portable computer, because most people upgrade the laptops regularly, and insuring the machine on a separate policy makes it possible to change the policy as necessary.
Make sure that you have the receipts for your MacBook and accessories stored in a safe place. If you have to file a claim, being able to prove that you owned a MacBook is going to determine how much problems you have settling the claim. Receipts are the best proof of ownership, but you can also include your MacBook in your home inventory, which provides a visual indication of the age and condition of the machine as well as showing that you owned it.
Answered September 4, 2012 by Anonymous