A lot of people have been asking what is download insurance which is why we have come up with this post to provide relevant information regarding this. As we all know, technology has greatly changed the way we do things.
This includes buying films, books, or music wherein you no longer have to get their physical copy.
That is because smartphones are designed to hold music or film catalogs. Furthermore, those phones are also designed with an e-reader that can store hundreds of books. Since it has become too easy to get hold of those by downloading them, people may have not realized how much they paid out for digital downloads.
Although the device you use for this has insurance coverage, it might not include the downloads you make over time. For that very reason, download insurance is formulated. It is a good idea to have this kind of insurance. If you want to know why–read more because we are taking you through the things that it can cover. By the end of this post, you will also know whether or not you need to have this.
What Is Digital Download Insurance?
Digital download insurance is a type of insurance policy that will be providing you coverage in case your downloads are lost since the device is stolen or damaged. But you cannot claim coverage if your downloads are simply deleted by your own doing.
That is what digital download insurance is. The insurance provider will be covering for any items in your downloads that are offered commercially. This can include anything that you have bought from Google Play Store or iTunes Store. By contrast, it excludes anything that you have downloaded illegally.
So when claiming coverage, you will have to prove to the insurers that those items are downloaded from legitimate sources. With that being said, it is best to keep any of the card statements or email invoices you receive after buying a digital download online. Typically, a digital download is included in another insurance policy.
Does A Home Insurance Policy Cover Digital Downloads?
There are a few types of insurance policies that can cover your digital downloads and one of which is a home insurance policy. But the majority of the insurance companies do not offer digital coverage.
But for insurance companies offering download insurance, the details of the policy can vary across different insurance providers. According to a study, insurers would typically provide a coverage limit that is ranging from 150 up to 10,000 pounds.
For other types of policies, the coverage limit is usually ranging between 500 and 1,000 pounds. But take note that the majority of insurance providers do not cover digital downloads in a standard home insurance policy. That is because this type of coverage tends to come with a higher price.
Most insurance providers won’t even bother to ask you whether or not you want coverage for your digital items. For the reason that it is hard to verify if indeed a digital download is genuinely lost or not. More so, insurance providers are not comfortable paying for those kinds of items.
So if you want your home insurance policy plan to insure your digital items as well, you might need to directly ask the insurance provider whether or not they provide such kind of insurance.
Do You Need A Download Insurance?
It can be worth it to ensure that your digital downloads are covered. This is especially a good idea if you are spending too much money on these items.
You can start by checking the documents of your existing home insurance policy to find out whether or not it includes coverage for digital downloads. In case it does not, consider switching to another insurance provider that is including such kind of coverage in their policy contents.
When selecting a policy, you can use sites intended for price comparison such as moneysupermarket and Gocompare in comparing various policies.
But you may also try broker sites like Thinkmoney. Alternatively, damaged or lose e-books, films, and music can be re-downloaded from the digital store where you acquired them. Take note, however, that you are only allowed to re-download your purchase but you cannot get back your film rental download anymore.
With that being said, you have to make sure that all the downloads you will be making in the future will be protected. This can be done by ensuring to back up all your files to Dropbox or iCloud. By doing so, you can have a second copy of your files in case your device is stolen or damaged.
What Is Download Insurance Service?
DIS is enabling customers to download a digital product that they bought for an extended time. This can be done either by logging into a buyer account or by accessing the link sent thru their email.
It’s A Wrap!
We are glad to have cleared out your curiosity about what is download insurance. It might be worth it to have your digital downloads covered especially when you are spending way too much for them. You can now go back to what you are doing or spend some time with us again and read the steps on how to clean your mini-fridge. Regardless, thanks for stopping by!