Technology Details

In the last ten years the world has seen a surge in the amount of gadgets we all own personally. This is due to the fact that computers become faster and get smaller with every year that goes by….just look at the development of the mobile phone in the last fifteen years alone! With gadgets getting more accessible to the everyman; iPads, iPods, iPhones, smart phones, Kindles, Laptops etc. -  people find themselves encumbered with many little pieces of equipment which, when all added up, amounts to a lot of money. CPP understand this, and have launched an insurance protection plan targeted at protecting the increased amount of technology people typically own.

Gadget Insurance

Paying for repairs on gadgets can cost an arm and a leg, and probably two arms and legs if you need the gadget replaced when it is beyond repair. CPP’s gadget insurance is specifically designed to remove repair and replacement bills – due to the fact that gadgets are becoming more expensive as our financial belt is tightening somewhat.  In late 2011, AXA home insurance conducted a study revealing that an average house in the UK possesses around five thousand pounds worth of gadgets.

The gadget insurance is available from CPP’s website and the cover can be applied to numerous personal gadgets, including: iPhones, tablets, PDAs, cameras, laptops, Sat Navs, portable games consoles, MP3/iPods and E-readers.

Theft

With gadgets becoming smaller and more expensive, they are truly a target for any thief. It is never possible to know whether you are going to be targeted by a thief, and the precautions you may take might not always be enough. That’s why it is always best to invest in a protection policy alike what CPP is offering. CPP’s insurance package protects against theft, accidental and malicious damage. What is great about the new package from CPP though is that friends and family share gadgets about, which CPP recognise; so the plan also provides cover for two other named users.

Protection Plan and Mobile Phone Insurance

CPP also provide a ‘protection plan’ service. This plan is well thought out and designed, for it includes breakdown cover outside of warranty periods and up to £200 of software and accessories. This is available from a little charge of 2.49 a month – a cheap way of giving your gadgets that bit more extra security.

CPP also offer iPhone and mobile phone insurance which provides £1000 worth of cover to unauthorised calls – whilst giving the option of having worldwide replacement, providing customers with a local pay-as-you-go handset and SIM if the phone is lost or stolen whilst travelling abroad.

Thoughts behind the Plan

Rizwan Rajpoot, Group Head of eCommerce trading gives an insight into CPP’s thoughts behind their new range of insurance products geared at gadget-users:

“At CPP, we’re committed to making life less stressful for our customers and helping them resolve anxious situations. We know how important people’s gadgets have become to them and our insurance means that, if anything does happen, they won’t have to survive without their laptop or iPhone for long.”

If you are looking to invest in insurance for your beloved personal gadgets, head to CPP for a range of insurance products to suit your lifestyle.

We live in a generation where everyone is trying to cut expenditure, tightening the financial belt in all aspects of life – so, when it comes to insurance many people are hesitant to fork over the cash. This might be for a few reasons. Maybe it’s down to the fact that smartphones can cost up to £500, and people do not then want to part further money to insure the damn thing! Or maybe it’s because certain people think they are not clumsy and will never drop/break/have their phone stolen. Well. Here are the facts for you taken from different studies of iPhones and smartphones in recent years – they might surprise you somewhat.

FACTS

Around 20% of iPhone 4 users report accidently damaging their phone – This is a rising number. Just think of how many of your friends have a crack in their iPhone – and how many of your friends phones have still go the crack on their phone due to lack of insurance.

Over 100,000 smartphones are stolen every year.

60% of car crimes are attributable to mobile phone theft – however no other policy will insure your phone (Regular household, office or motor policies etc.). Specialist mobile phone cover will only insure your phone.

Not many people actually have insurance – Recent surveys have revealed that actually over half of people who have smartphones don’t actually own smartphone insurance. As a result of that, a third of smartphone users have to replace their phone before their contract runs out or gets upgraded.  On top of that, 37% of people who have a 24 month contract had to replace their handset before the contract ended.

iPhones and smartphones are too expensive to replace without insurance – 50% of people in a certain study (who had lost their iPhone or smartphone) refused to buy a new handset due to the escalation in price and the tight economy.

Phones used to be cheaper than they are now, and still people have the mind-set of that with attitudes towards iPhone and smartphone insurance. As careful as you can be, there is always a danger something will happen to your phone whether it is dropped, stolen or malfunctions. In this economy buying a replacement would be insane, so the smarter thing would be to protect your investment of your phone with insurance – you’d do it for you laptop or iPad wouldn’t you?

In conclusion, be smart and be safe with your handset. Invest in some iPhone insurance or smartphone insurance to protect you, your phone and your pocket.