Home Electronics Insurance
As home electronics have become more sophisticated—and more expensive—and as people acquire more and more of them, adding even more insurance protection to these devices is a wise option.
A home electronics insurance package that is purchased for an existing homeowners, condo or renters policy will extend more protection for TVs, computers, home theaters, cameras, MP3 players, cell phones, portable DVD players and other related equipment.
Standard homeowners, condo and renters insurance policies provide limited coverage, and that coverage may apply only to those perils named in the policy. So unless, for example, fire, lightning, wind or hail storms cause the damage, the cost of replacing the items will likely come out of your pocket.
Home electronics insurance protection offers broader coverage and includes most types of losses, even well beyond those perils named in your basic policy.