Device insurance on Amazon - is it worth it?
In this practical tip you will find out whether it is worthwhile for you to take out device insurance with Amazon.
Amazon - Device insurance through ERGO
If you have bought devices via Amazon.de or Amazon.at, you can take out additional device insurance for an additional charge. For this purpose, Amazon has entered into a cooperation with ERGO Direkt Versicherung and now offers over 3, 500 different device insurance policies in the price range from EUR 3.49 to EUR 329.99. You can provide almost every electronic device from your TV sets to your household appliances with a suitable device insurance. You take out insurance during the ordering process at Amazon by paying an additional one-off amount. Device protection takes effect the next day after the device is purchased, according to Amazon. But is such insurance worthwhile for you?
- The insurance can only be taken out by persons residing in Germany or Austria. In addition, you cannot insure devices that you use commercially.
- For the insurance benefits offered, you can only choose between a warranty extension or device protection. In the event of damage, the device is either repaired on site or collected from the customer. You have no other costs.
- You can also take out insurance after purchasing the device. Special insurance offers are provided for subsequent insurance.
Device insurance rarely pays off
If you want to take out device insurance with Amazon, you should first consider what value the device to be insured has for you personally and how often you use it. So it is hardly advisable to take out a three-year warranty extension for a new smartphone if you always buy the latest model. In addition, you should note that you only receive the current value and not the purchase price of the insured device in the event of damage. In some cases, you do not get a certain percentage refund, but your device is either repaired or you receive the same model as a new device. Finally, you should read the fine print. Damages only agreed in the contract, such as operating errors, damage caused by falls and falls, as well as damage caused by liquid or theft, are compensated.
- A calculation example should show how quickly your device loses value. If you z. For example, to have a smartphone insured for 500 euros, you have to pay a one-off amount of 119.99 euros for three-year device protection. Should there be any damage in the third year after purchase, you will only be reimbursed for 70 percent of the device. For a smartphone with a purchase price of 500 euros, this would be 350 euros.
- Device protection or a warranty extension can be extremely useful for devices with a high personal and emotional value, since they will be repaired in the event of damage or reimbursed as a new model. Device insurance for turntables, SLR cameras or home theater systems is particularly suitable here.
In addition to smartphones, tablets and TVs, you can also have laptops insured on Amazon. In another practical tip, we will explain whether a laptop insurance policy is worthwhile for you.