Specialized Coverage for TVs, Computers and Other Home Electronics
Home Media Package
Getting or giving some great gadgets this holiday season? Make sure your new home electronics and digital devices are covered.
Standard home, condo and renter insurance policies only provide limited coverage for electronics. For example, a typical policy might include up to $3,000 or $5,0001 in coverage for personal computers, but not related devices. And, the coverage usually only applies in the case of perils specifically listed in the policy, such as fire, lightning, wind and hail storms.
Even if there is some coverage for your electronics, the deductible for your home, condo or renters insurance policy still applies.
But, Ameriprise Auto & Home Insurance policyholders have the opportunity to purchase additional coverage for their electronic devices through our Home Media Package. This endorsement, which is added to an existing home, condo or renter policy, adds extra insurance coverage for digital devices by packaging together coverage for items such as TVs, computers, home theaters, cameras, mp3 players, cell phones, portable DVD players and related equipment. Even better, there's no need to provide a list of individual items, and there's no need to go through the hassle of obtaining appraisals.
The Home Media Package can be purchased in $2,500, $5,000 or $10,000 increments. It broadens coverage on digital devices to include most major home electronics (however, coverage is not available for small electronics like video game or GPS systems, for instance).
Why Add Home Media Insurance Protection?
There's a distinct difference between the coverage included with basic home, condo or renter insurance policies for electronics and the added protection of the Home Media Package. For example, if you were to spill coffee on your digital camera, with a standard policy there would be no coverage to repair or replace it. But, if you purchased the Home Media Package, there is coverage to have the camera repaired or replaced. In other words, the coverage is broader and includes most types of losses – not just the perils named in your policy. Plus, no deductible applies in the event of a covered loss.
Consider all of the electronics you own and their estimated value. If the total is more than $3,000 minus the amount of your policy deductible, then the Home Media Package might be a good coverage solution for you.