Key Takeaways:

  • Renters insurance plans do typically offer coverage for laptops and computers under certain scenarios.
  • If your home is burgled and a device is stolen, a renters insurance policy will reimburse you.
  • Plans also offer coverage for damage related to natural disasters, though not all types of natural disasters are covered.

If you have recently rented a home and begun to fill it with valuables, you may be wondering if a renters insurance policy offers any coverage to computers, laptops, and best computer monitors.

Does Renters Insurance Cover Computers?

You are in luck. Most renters insurance do offer benefits for computers, laptops, and related devices if certain conditions are met. These insurance plans consider anything inside of the home you are renting to fall under its purview. This includes all of your gadgets and pieces of electronics.

Learn About Renters Insurance and Computers and Laptops

The lion’s share of renters insurance policies, and homeowners insurance, cover laptops and computers in certain, and often specific, scenarios. Let’s go over what kinds of benefits are available when it comes to the personal property clauses of a renters insurance plan.

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Burglary and Vandalism

One of the main reasons consumers flock to a renters insurance plan is that they offer coverage for theft and burglary. What does this mean? If someone breaks into your home and steals your computer or laptop, the cost of the stolen devices will be reimbursed by your insurance provider. You will have to provide your provider documentation regarding the theft, including any relevant police reports and the like. Additionally, you may not get reimbursed for several weeks, so you may have to buy a replacement laptop on your own before the benefits kick in.

Tip: If someone breaks into your home and steals your computer or laptop, the cost of the stolen devices will be reimbursed by your insurance provider

Warning: You will have to provide your provider documentation regarding the theft, including any relevant police reports and the like

Natural Disasters

Most renter’s insurance policies will offer coverage in the event of a natural disaster. This means that if a blizzard or a windstorm blows out your window and your laptop becomes wet and damaged, the repair or replacement costs should be covered by your insurance provider. It is important to note that all natural disasters are covered. In general, windstorms, hail, blizzards, and fire are covered, while floods, earthquakes, and mudslides are not covered. Read the fine print of your plan.

Tip: This means that if a blizzard or a windstorm blows out your window and your laptop becomes wet and damaged, the repair or replacement costs should be covered by your insurance provider

Warning: It is important to note that all natural disasters are covered. In general, windstorms, hail, blizzards, and fire are covered, while floods, earthquakes, and mudslides are not covered

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Low Cost

Another benefit of purchasing a renters insurance policy is that they tend to be rather inexpensive. You can expect to pay anywhere from ten to thirty dollars a month to get your entire home covered, which includes $10,000 to $50,000 of personal property coverage. Shop around for deals and if a policy seems too good to be true, be sure to take some time to thoroughly read over the policy details. Some plans demand that a rather large deductible be paid in full before any benefits kick in.

Tip: You can expect to pay anywhere from ten to thirty dollars a month to get your entire home covered, which includes $10,000 to $50,000 of personal property coverage

Warning: Some plans demand that a rather large deductible be paid in full before any benefits kick in

STAT:

In 2019, a whopping 79.6 percent of laptop claims handled by insurance provider Lemonade were theft-related. (Source)

Sources: 

https://en.wikipedia.org/wiki/Renters%27_insurance

https://golden.com/wiki/Lemonade_(company)-5KKMBYB

https://research.stlouisfed.org/publications/page1-econ/2020/02/03/renters-and-homeowners-insurance-when-the-unexpected-happens

https://go.gale.com/ps/anonymousid=GALE%7CA11669867&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=00223905&p=AONE&sw=w

Does Renters Insurance Cover Computers FAQ

How much renters insurance do I need?

This depends on how many valuables and expensive pieces of equipment you tend to store in your rented home. Most plans allow you to adjust your benefits cap at will.

What kind of insurance do I need for a laptop?

You could go with renters insurance, as it will cover some damage types and theft. If you are worried about general malfunction due to wear and tear, you might want to think about a dedicated laptop insurance policy.

Does renters insurance cover a dropped laptop?

Generally speaking, no. Renters insurance does not offer coverage for accidental damage.

Lawrence Bonk

Lawrence Bonk is a copywriter with a decade of experience in the tech space, with columns appearing in Engadget, Huffington Post and CBS, among others. He has a cat named Cinnamon.

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