4 Ways To Cover Your Smart Phone / Tablet Cover

If your smart phone, watch, tablet or laptop is faulty, then you may have protection under the . For accidental damaged, a bit of pre-planning is required:

1. You may want to buy a physical cover to reduce the likelihood of damage
2. You can check if it is insured under your contents policy (most policies automatically include items worth less than $1,500, noting that claiming for a mobile phone may push up your home insurance premium)
3. If you don't have contents policy then you can get phone insurance if you are on a post-paid plan e.g. vodafone, spark. 
4. Some manufacturer offer insurance (e.g. AppleCare+)

If you don't fall into the above four buckets or you are just looking for a more social way to cover your gadget then you may want to get Gadget Cover through PeerCover.

• PeerCover is not insurance nor a bank account, it is somewhere in between.
• To get covered you join a pool of fellow gadget lovers and deposit money through PeerCover. 
• The cost of any damage claims is shared amongst the PeerGroup i.e. pro-rata to each peer's balance
• The max claim payout is 3x one's balance
• You can take your money out any time (noting that this will also decrease your cover)
• PeerCover administers the claims and provide a recommendation to the PeerGroup but to keeps things fair the recommendation can be overturned by majority vote
• PeerCover administration fee is $100 per paid claim (also shared among the PeerGroup)

If you are interested in Gadget Cover, join-up today.

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