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Scared of getting red wine on your nice white carpet? Or a ball flying through the window during backyard football? Accidental damage coverage could be a great option to protect you against breakages and mishaps that you just can’t plan for.
Most insurers will allow you to easily add it to your policy, or if you’re paying for a more comprehensive policy, you may find that accidental damage is already covered.
The answer to this, as always, depends on your individual circumstances. If you’re worried about things in your house getting damaged unexpectedly for any reason, it could make sense.
Some of the reasons you may want to purchase accidental damage coverage include:
Be aware that while accidental damage insurance may help cover the costs of replacing or repairing your possessions or fixtures, it normally won’t pay the cleaning bills that may come along with.
Accidental damage coverage protects you from unforeseen incidents that cause damage to your property beyond the standard emergency situations home insurance covers. Insurance providers each define accidents a little differently, so be sure to check the extent of accidental damage or loss coverage when comparing policies.
Accidental damage insurance will cover many belongings inside your home including:
Accidental damage often covers, but isn’t limited to, the following events:
Laptops are one of those portable items that are a pain to replace without coverage. Your laptop will likely be covered under a personal property or accidental damage policy. And — depending on the insurer — accidental damage that happens outside the home could be covered as well.
Accidental damage to your laptop includes dropping it, spilling liquids on it, stepping on it or damaging it in an auto accident. Just remember, it won’t cover scratches, dings and dents if they don’t affect your laptop’s performance. You should also check the policy details to see whether screen cracks will be covered.
The accidental damage feature is often a standard inclusion in top home insurance policies, but can be added as an extra for those choosing a lower form of home or personal property coverage.
As with any policy, there are certain things that won’t generally be covered, including:
Accidental damage coverage only applies to a limited number of situations. That said, those situations can crop up quite frequently and become quite costly depending on your living situation.
If you want to protect your belongings and your home, accidental damage coverage can be a valuable addition to your existing home and personal property insurance policy — or a worthwhile investment to save you from those unexpected accidents that can have fairly severe financial consequences.
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