There is a lot of misinformation today about consumer electronics and how it is treated by insurance companies. Most people I talk to think that if they have homeowners or renters insurance, their consumer electronics are covered.
But they usually find out that their assumptions aren’t true… at claims time.
Sure, some of the property is covered. But there are a bunch of limits and exclusions that will surprise you if you have a loss and file a claim.
Don’t wait until claim time to learn about this important coverage. Read this article carefully and make good decisions about your coverage.
Twenty years ago, consumer computer usage and ownership was not all that common. If you owned a cell phone, you carried it in a bag the size of a small purse. There were few home fax machines. Answering machines were pretty common, but voicemail was still on the horizon. Scanners were non-existent. Printers and copiers were huge and expensive, and you didn’t see them in most homes. If you were the rare person who had satellite TV, the dish was about eight feet across and sat out in the back yard. And Personal Digital Assistants (PDAs) and MP3 players had not been invented yet. electronic stores rajajinagar
In our home we have:
o two desktop computers with monitors
o four laptop computers
o four printers
o one stand-alone fax machine
o one combination fax, scanner, copier
o three TVs
o two VCRs
o one digital video camera with tripod for our home recording studio
o one audio mixing board, one microphone, one amplifier, two external soundcards, and a 500GB hard drive, all for our home recording studio
o two DVD players
o two cell phones, one smartphone, each with voicemail
o one satellite TV system with a 24″ dish on the roof
o two Ipods.