I have a hard drive that failed and when I called a recovery service they mentioned that renters insurance may be able to cover it. Is this possible? Is there any way that insurance would pay for a hard drive recovery when it just failed on its own?
2007-12-18 08:46:17 · 5 answers · asked by memphis0013 2 in Business & Finance ➔ Insurance
No, it would never be covered by Renters Insurance. Even if it was, the depreciated value of a used hardrive is probably worth a lot less than your deductible. Insurance never acts like a warranty, especially for electronics that just stop working.
2007-12-18 08:50:39 · answer #1 · answered by Anonymous · 3⤊ 0⤋
No.
Contents coverage is usually named peril. Fire, lighting, windstorm, hail etc.
If lighting were to hit the computer and damage the hard drive - your policy would buy you a new hard drive. The policy does not cover replacement of the information on the hard drive or recovery of information on a hard drive.
If your hard drive failed b/c of a virus, mechanical issue, wear/tear - that is not covered.
2007-12-18 10:49:19 · answer #2 · answered by Boots 7 · 0⤊ 0⤋
Sure it's possible. Is it likely? No. But maybe you have a computer equipment endorsement attached to your renters policy?? If you paid extra for it, maybe, but "inherent vice and latent defect" ie, it just stopped working, aren't ever covered.
Personally, I think this is just there way to take the focus off them, and try to sell you on the repair.
2007-12-18 09:13:49 · answer #3 · answered by Anonymous 7 · 1⤊ 1⤋
No it is not. Wear and tear; mechanical breakdown; faulty material, design or workmanship are all excluded under any property policy.
2007-12-18 09:35:06 · answer #4 · answered by Gambit 7 · 1⤊ 0⤋
Normal use, probably not.
The depreciated value will probably less than your deductible anyway.
If you used it for business, did you buy business interruption coverage?
2007-12-18 08:51:09 · answer #5 · answered by Anonymous · 1⤊ 0⤋