Student Laptop Insurance: The Basics

2007-03-08 10:33:40

( Health )



Major insurance companies are offering student laptop insurance as a supplemental policy to student room insurance. This means that the laptop is covered by the room insurance as personal property. There are limits and exclusions to the insurance policy and it is always good to be aware of such details when getting your insurance.

You can get student laptop insurance if you have your own personal laptop. If the laptop is provided by your school district, it is possible that it is covered by an insurance policy but the coverage may be minimal. Make sure you do not purchase coverage that you do not need. In most cases, damages and defective parts in your laptop is covered by the warranty.

When looking for student laptop insurance, you should get sufficient coverage in the event that the laptop is lost or damaged due to unforeseen circumstances like a flood or a fire. It is important to get coverage for the replacement cost of the laptop. This means the insurance company will pay for the cost of replacing your laptop. This is different from a policy that pays only the value of the equipment after depreciation. This would mean you would pay for the difference with your own money.

If your laptop is provided by your school district, the insurance policy may only be valid if the laptop stays within the school property. If you take the laptop home with you and it gets stolen or damaged, you may have to replace the laptop with your own money because the damage is not covered by the insurance policy.

However, there are some schools that allow the students to take home their laptops. They need to pay a one-time fee. The fees collected are sometimes put into an internal account. The funds will be used to repair the laptops if they are damaged outside the school premises.


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