Interesting idea on Iphone (Electronic) Insurance

Discussion in 'iPhone' started by phil1995, Sep 15, 2012.

  1. phil1995 macrumors member

    Joined:
    Aug 4, 2008
    #1
    I do a bit of international travel and carry my Macbook Pro, Ipad and Iphone with me all of the time. I contacted my insurance company to find out if my electronic equipment was covered in the case of damage or theft.

    Interestingly enough, what I found out was that I could add a ryder onto my policy that would cover me in case of damage, theft or loss of property. I added $5,000 worth of electronics coverage and it increased my home owners insurance by $14 / year.

    Just another way to look at insuring your devices. Hope this helps others.
     
  2. PhoenixMac macrumors 65816

    Joined:
    Mar 7, 2010
    #2
    Good stuff, did not know they would over phones, I'll call up my insurance company.
     
  3. phil1995 thread starter macrumors member

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    Aug 4, 2008
    #3
    They told me it was $5,000 worth of coverage on any electronic device. I specifically asked if I needed to insure my phone seperate, and she said certainly not.
     
  4. killerrobot macrumors 68020

    killerrobot

    Joined:
    Jun 7, 2007
    Location:
    127.0.0.1
    #4
    Who's your insurance co.? I tried doing this with State Farm and they told me they couldn't insure phones. Also, what deductible do you have for your home owner's?
     
  5. phil1995 thread starter macrumors member

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    Aug 4, 2008
    #5
    AMICA Insurance, deductible on that ryder is $50. Forgot to mention the deductible, thats kind of important. Wouldn't make much sense if you had a $1,500 deductible.
     
  6. From A Buick 8 macrumors 68040

    From A Buick 8

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    Sep 16, 2010
    Location:
    Ky Close to CinCinnati
    #6
    Did the same thing with my phone, iMac and wife's camera. Cost us about $19 a year
     
  7. killerrobot macrumors 68020

    killerrobot

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    #7
    Wow. I'll have to look into switching.
     
  8. phil1995 thread starter macrumors member

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    Aug 4, 2008
    #8
    Google AMICA, they are always rated at the top of the list. They just never do any advertising, and most people have never heard of them.
     
  9. TB07-NJ macrumors 68020

    Joined:
    Jul 7, 2008
    Location:
    US of A
    #9
    In many areas of the country putting in a homeowners claim on an electronics, jewelry or similar floater can end up raising your insurance rates more than you collected for 3 years. Consider that in your "bottom line" cost.
     
  10. phil1995 thread starter macrumors member

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    Aug 4, 2008
    #10
    Good to know. Did not realize that.
     

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