Electronic stationeries such as scanners, printers, laptops, etc. are known to have made our lives easier due to the convenience that they bring to the table. Given the fact that such electronic equipment and gadgets are essential for most modern households, even the slightest damage or breakdown can cause varied inconveniences.
To top the sudden nuisance, it is the repairing cost that adds to the stress of an individual. Consequently, it is wise to have an electronic equipment insurance cover to mitigate the financial burden significantly.
Benefits of electronic gadgets insurance policy
An electronic gadgets insurance policy is a financial backup that can save you from delving into financial obligations while meeting the repair costs of electronic equipment. The benefits of having this policy are multifold, a few of which are discussed below.
- Accidental damage cover
The electronic equipment insurance policy can be claimed at times of unintentional damage as well. The insurance policy would bear the repairing cost of the gadget or equipment if it were with during the mishap.
In such cases, the expenses incurred are often huge and you might require a substantial amount. So, you can opt for a reputed financial institution like Bajaj Finserv that offers Pocket Insurance & Subscriptions such as the Electronic Stationary Insurance policy with an insured sum as high as Rs.20,000 with a nominal premium payment.
- Theft and robbery cover
Buy an electronic equipment insurance policy and claim it in case of damages caused to it due to theft or burglary or if it is stolen for the same as well. The policy offers coverage for both loss and damage of the gadgets or electronic equipment.
- Fire and other perils cover
The policy provides financial coverage for damage caused to electronic equipment due to standard fire or floods, or explosion, pipe bursting, and several others. On another instance, if your gadgets are small such as digital clocks or speakers, you can also opt for a small gadgets insurance cover.
Likewise, the yearly premium also reduces considerably, thereby making it convenient for you to pay the amount.
- Breakdown cover
The insurance policy also covers costs you are likely to incur when there is a breakdown caused due to electrical or mechanical problems. Note that you will be provided with a coverage that is per the sum insured and the value mentioned in the purchase invoice.
In this context, laptop chargers are quite susceptible to electrical issues and to save repairing charges, you can purchase laptop charger insurance plans from a renowned insurance provider and get covered for its repairing expenses with a minimal yearly premium.
How to claim the insurance policy?
To claim your electronic stationery insurance online, all you need to do is contact the customer support department of that specific insurance provider. After informing them, you can place a claim within 24 hours by submitting the following documents –
- Duly filled claim form.
- Invoice or bill of purchase.
- Copy of FIR, if applicable (only for theft or burglary).
Above all, make sure the claim application for electronic stationery insurance is made within 30 days of purchase of the equipment to reap the most benefits out of this policy. Also, keep the invoice for your equipment purchases with you to validate the date of purchase.
In a nutshell, people are often unmindful of the benefits of an insurance cover. This is why it is advisable to have prior knowledge of the same before purchasing the electronic equipment insurance policy. It will help you in making an informed decision and realize the full potential of the policy.