Most individuals have never considered the possibility of covering their televisions with an insurance plan. Most people know that their homeowners insurance already covers their possessions in the home and this includes their televisions.
What most people do not realize however, is that the number of restrictions on this coverage can be staggering. Considering a good, dedicated insurance plan for your television such as that offered by ProtectYourBubble.com is the best option for getting around these restrictions and ensuring that your television is truly protected from all events and disasters that could occur.
Earthquakes and Floods:
Homeowner’s and renter’s insurance companies cannot afford to protect houses against earthquakes and floods because they can affect so many homes at once. If they offered this protection your premium rate would probably be three or four times what it is now and it’s already not cheap! This means that if you live in an area where either of these disasters are common you run the risk of not having your possessions covered as a result. But purchasing separate flood and earthquake insurance can be an extremely costly investment. I often tell people who are considering purchasing such coverage to take stock of their possessions and to consider instead purchasing insurance for individual items at a much cheaper rate. This includes your television which may be one of the most expensive items in your house or flat at the moment.
Homeowner’s and renter’s insurance do not cover items outside of your home. I find that many people do not even consider this most of the time. So let’s consider one potential scenario… Let’s say you are moving across town and you’ve recruited your friends to help you move your furniture out of the apartment. Great! It’s always nice to have a little help from your friends. But when they go to unload it into your new apartment, they drop it. Oops! Your fifty inch flat screen HD 3D LCD TV is ruined. The screen is cracked, or maybe even worse, it won’t turn on anymore. Well, you’re replacing it out of pocket because it wasn’t in your “home” at the time of the damage. If you’d had insurance on it however, this wouldn’t be the case and you could get your TV easily replaced on the fly.
These are just two of the potential restrictions that can stop your homeowner’s or renter’s insurance from covering your device. There are many more restrictions that could potentially come into play when you are trying to get your television covered for any sort of damage or loss. It might not seem fair to you, but homeowner’s and renter’s insurance is designed this way in order to cut costs wherever they can. I say it’s better to be safe than sorry. Let’s purchase a dedicated insurance plan for our televisions and other valuable devices so that this doesn’t occur to us. Trust me, the relief of knowing that you’re covered whenever you need to be is amazing.
About the author:
Laura Ginn is a professional writer and blogger. She often writes about technology and is well aware of the limits homeowner’s insurance has on protecting your positions, especially valuable electronic devices like phones, computers, and televisions.