COMPUTER AND INSURANCE

Renters insurance and a computer you use for work If you use your computer for occasional freelance work, your electronics coverage limit through your renters insurance policy still covers applies. But if you use your computer exclusively for work, it would fall under another category limit for items used primarily for business purposes. Ask your insurance company what your business property limit is, and if you have one. If you don’t, or you need more coverage, you may need to purchase additional rider called a business property rider to ensure that your computer is covered. Renters insurance and a computer stolen outside of your home If your computer is stolen out of your car or out of your bag if you’re in a coffee shop, it may surprise you that your renters insurance may pay for a replacement. That’s because your personal property covers your personal belongings when they are inside or outside your home. Some policies may have coverage limits on personal property claims outside the home, so talk to your insurance company about your policy’s limits. Renters insurance and someone else’s computer Does renters insurance pay if you lose or ruin someone else’s computer? That depends, and is often up to your insurance company. If you lose or damage a computer belonging to a friend, your renters insurance liability coverage may pay for their computer, as long as your insurance company agrees that the loss was caused by your negligence.