OIP News - Laptop Users... Ensure You're Covered!
If you are among the many professionals who use a laptop for work, you likely bring it home with you each day in your vehicle. Have you considered what happens if your laptop is stolen from your vehicle?
Which of these statements is true?
- Laptops are automatically included in your home insurance coverage
- Laptops are automatically included in your business insurance coverage
- Laptops are automatically included in your auto insurance coverage if you are transporting them in the vehicle and they are stolen or damaged
The first statement is true.
Personally owned laptops are covered by your home insurance. Some policies may even provide additional coverage for laptops.
If your laptop is leased or owned by your employer, it would be covered under the employer’s insurance policy.
If you are self-employed, generating above a specified revenue level whether you’re working from home or an office, you require a separate business insurance policy. It is on this policy that you would schedule your laptop.
Auto insurance does not cover laptops at any time.
Want to Know More?
Call us toll free 1.888.681.2862 or email ovma@csib.org. The OIP is administered by Cornerstone Insurance Brokers, Ltd.