How to insure your laptop in Nigeria
Laptops are dropped, stolen and spilled on more than any other gadget. Portable all-risks cover follows yours everywhere.
A laptop is a tool you carry, which means it faces every risk a phone does plus a few of its own: a knock off a desk, a spilled drink, a bag left in the wrong place.
Choose all-risks, not household cover
The class that fits a laptop is Electronic Equipment All Risks. It covers accidental damage and theft wherever the laptop is, unlike a householder's policy that only protects items inside your home. If you work from cafes, client sites or on the road, this is the difference between a paid claim and a rejected one.
What it costs
Premium is a percentage of the sum insured, so a 600,000 naira laptop at an all-risks rate of roughly 2.75% is about 16,500 naira for a year. The exact figure depends on the underwriter and how you use the device; Cova quotes it before you pay.
Insure more than one device
If you also carry a phone, a tablet and a camera, bundling them into one policy is simpler, one renewal date and one document, and usually saves around 10% on your first cover.
Before you file a claim
Keep the receipt and a photo in your vault, and note the serial number. Report a theft to the police and get a report; most underwriters require it. Log the loss in the app and Cova walks you through the rest.
