When shopping for tablet insurance, you need to keep several things in mind to get the most value for your buck. Some are obvious such as cost and damage types covered. Others you may not think about but are none the less important.
Deductible
The first thing you should look for is how much the deductible is for each claim. If you are new to the insurance game, the deductible is how much you are required to pay before insurance will payout. Say you have a deductible of $100 and you file a claim for $400. Assuming the claim is valid and accepted, the insurance company will pay you $300 on that claim. The first $100 is your responsibility. This is to reduce the number of 'small' claims for cosmetic damage. Keep in mind, the deductible is an area where you may be able to save money on your policy. Typically, if you choose a higher deductible your monthly premium will be less.
Travel Coverage
This is an area that could catch a lot of people off guard. If you bought the extended warranty when you purchased your iPad, you may not be aware that it is only valid in the country of purchase. If you take your tablet on a trip outside the country you may not be covered if any damage occurs. Most third party insurance policies have at least some coverage for travelling. You will need to check the specifics of whatever policy you choose of course. Be sure to note any limits on time as many are limited to 90 days of coverage during travel. Also check the company's definition of 'travel' as it may refer to city, state, or country.
Deductible
The first thing you should look for is how much the deductible is for each claim. If you are new to the insurance game, the deductible is how much you are required to pay before insurance will payout. Say you have a deductible of $100 and you file a claim for $400. Assuming the claim is valid and accepted, the insurance company will pay you $300 on that claim. The first $100 is your responsibility. This is to reduce the number of 'small' claims for cosmetic damage. Keep in mind, the deductible is an area where you may be able to save money on your policy. Typically, if you choose a higher deductible your monthly premium will be less.
Travel Coverage
This is an area that could catch a lot of people off guard. If you bought the extended warranty when you purchased your iPad, you may not be aware that it is only valid in the country of purchase. If you take your tablet on a trip outside the country you may not be covered if any damage occurs. Most third party insurance policies have at least some coverage for travelling. You will need to check the specifics of whatever policy you choose of course. Be sure to note any limits on time as many are limited to 90 days of coverage during travel. Also check the company's definition of 'travel' as it may refer to city, state, or country.
Damage Types Covered
You can usually count on every policy covering physical and liquid damage to your tablet. Be sure to also check if there is coverage for loss and theft as well as any limitations on such claims. I have seen policies that will refuse a claim if the device was stolen from a car but not locked in a compartment of some sort. So be sure to check for any clauses like that.
Are Accessories Covered
A typical user does not JUST have an iPad. You have covers, earphones, and so on. See if the policy you are considering will cover accessories as well, especially in the event of a theft as everything will usually be taken not just the iPad.
How Soon Does It Start
In today's internet age, when you purchase an iPad insurance policy online it will usually take effect immediately after payment. To be on the safe side you will want to confirm that. Murphy is a cunning man!
How Fast Is A Claim Filled
This is where policies can vary greatly. Some will turn around a claim in as little as 48hours while others may take a week or more. Be sure to look into this and make sure you get the service level you need or desire. This is especially important if you travel a lot as you typically will not be in the same place for a long period of time. You don't want to have to wait until you get home to file a claim and lose the use of your device for the rest of your trip.
So there are six items to check while shopping for tablet insurance. Some may be more relevant to you than others, but it is better to know all the details of what you are getting than to find out you are missing it later.
Shopping for tablet insurance and want to learn an easy method to compare?
Don't let your new toy die a horrible death. Protect your investment with iPad insurance. Find the best plan for you and save yourself headaches in the long run.
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