Laptop Insurance (A type of Extended Warranty)

Guys you can exploit a feature. Anyone who feels that their laptop manufacturer is not giving sufficient coverage for laptop then please do this. (Replace Laptop with anything other than mobile phones)
Go to https://www.hdfcergo.com/home-insurance/electro... .

If your laptop costs A then use this formula. Sum insured has to be A x (10/3)

They allow 30% of the total value insured for Laptops.

Let’s say we have bought a Macbook Air which costs 82000. Then insurance cover has to be opted for is 273333.33.
Non salaried individual 1722+ tax/year.
Salaried person 1530+tax/year.
Salaried + residence is guarded 1387+tax/year
Salaried + residence is guarded + intercom/burgler alarm enabled 1243+tax/year

Covered

• Fire, Natural Calamities, Burglary and Theft, Accidental Damage, Electrical Breakdown, Mechanical Breakdown

Not Covered

• Loss or Damage howsoever caused to Electronic and Electrical Equipments, Domestic Appliances older than 10 Years
• Property Under construction cannot be covered under this insurance
• Loss due to overloading or Strain, Overrunning Excessive Pressure in case of Electrical, Mechanical and Electronic Items.
• Damage to it outside of our house.

Bajaz Allianz charges a hefty fee. My knowledge is not complete. Yesterday I had this thought in mind and dialed HDFC Ergo for clarification. Please do your due research before taking any decision.

This thing can be repeated for any household appliances and electronics. Mobile phones are not covered in this insurance.

I made this thread as many dimers have bought many things during this sale. Maybe this post might help.