Frequently Asked Questions
Consult the following list of frequently asked questions about the LAPTOP PROGRAM available from SIP.
- This sounds like the perfect plan. How do I enroll?
- I'm already enrolled. Something happened, and I need to file a claim. How do I do it?
- Doesn't my homeowner's policy cover my laptop?
- If my homeowner's policy provides coverage, why would I want to purchase a separate policy?
- How much does the laptop policy cost?
- Are any other items of mine covered under my policy besides my laptop/desktop computer and its peripherals?
- Does SIP's policy cover the laptop off schools grounds?
- If someone steals a laptop, will the PLAN cover that loss?
- If a student loses the laptop, is that covered?
- What about special provisions on the SIP policy?
- If a student travels overseas during semester breaks or between school years, is his or her laptop covered?
- Are there riders?
- What if I'm not happy with my plan?
- I'm a school administrator and would like to promote SIP on my campus. How do I get started?
- Who is your underwriter and what is their rating?
- If I have a warranty on my laptop should I purchase laptop insurance?
1. This sounds like the perfect plan. How do I enroll?
Purchasing a K-12 laptop insurance policy from Student Insurance Partners is simple and takes only a few minutes. Click here to sign up, and start protecting your laptop today!
2. I'm already signed up. Something happened, and I need to file a claim. How do I do it?
In the event that a laptop has been accidentally damaged, stolen, or damaged by theft, fire, flood or natural disasters, or vandalism, claims information is conveniently found on our website. Click here to find claims forms and contact information.
3. Doesn't my homeowner's policy cover laptops?
It depends. Not all homeowners policies are the same, and their deductibles are usually much higher. Although most policies will provide some coverage, they have limitations on certain property. Also, the limit for property away from the principal residence is generally 10% of the personal property limit on the parent's policy.
4. If my homeowner's policy provides coverage, why would I want to purchase a separate policy?
The laptop insurance policy from SIP applies first, regardless of other insurance, providing a greater percentage of reimbursement. You will always recover more of a covered loss with SIP because our deductibles are significantly less than the deductibles of a homeowners policy.
5. How much does SIP's plan cost?
Our laptop insurance policies are very affordable. The cost will depend on the coverage amount you need and which deductible you select. We have many coverage amounts and deducitbles to choose from. Our most popular policy ($900 of coverage with a $100 deductible) has an annual premium of just $55. Compare our plan's deductibles to those of your homeowners policy ($500 to $1,000+). Click here for more information about our rates, deductibles, and premiums.
6. Are any other items of mine covered under my policy besides my laptop/desktop computer and its peripherals?
Yes, here at Student Insurance Partners, we are always looking for new ways to best serve our policy holders. In addition to your laptop/desktop computer, and its peripherals, you can cover these additional items, that you may own: cell phone/smartphone (excludes iPhone), iPod Touch, iPod, MP3 player, PDA (palm pilot), digital camera and gaming systems! Additional fees apply.
7. Does SIP's policy cover the laptop off schools grounds?
Yes. It covers the laptop worldwide including; in apartments, hotels, residence halls, and even during study abroad and property in storage.
8. If someone steals a laptop, will the PLAN cover that loss?
Yes, unless stolen from a vehicle that was not locked. There must be proof of forced entry into the vehicle to have the stolen item covered.
9. If a laptop is lost and is insured by the plan, is that covered?
No, laptops misplaced, lost, left behind are not covered. Items stolen by theft, burglary, or robbery are covered. A police report must be filed for these types of losses.
10. What about special provisions on the SIP policy?
(1) Loss of software is limited to $1,000 for any one loss.
(2) Property in a personally owned automobile is covered, provided that the vehicle was locked at the time of theft and there was evidence of forced entry into the vehicle.
11. If a student travels overseas during semester breaks or between school years, is his or her laptop covered?
Yes, which makes our coverage truly WORLDWIDE.
12. Are there riders?
No, you don't have to fill out additional paperwork (riders) to cover special items. Plus, our policy is straightforward and easy to read, so you know what to expect if and when you file a claim.
13. What if I'm not happy with my plan?
If you are not satisfied with your coverage for any reason whatsoever, simply return your policy within 30 days for a 100% money-back refund of premium. You may also cancel after the initial 30-day period. The premium will be pro-rated using a short rate unearned method of calculation. A minimum of $20 will be assessed.
14. I'm a school administrator and would like to promote SIP on my campus. How do I get started?
Smart choice! Call us today to learn more of what you can do, 800-620-3307.
15. Who is your underwriter and what is their rating?
Our underwriter is Hanover Insurance Company
440 Lincoln Street
Worcester, MA 01653
NAIC#: 22292
AM Best Rating: A for financial size category of $1.25 billion to $1.5 billion.
16. If I have a warranty on my laptop should I purchase laptop insurance?
Yes, the warranty on your machine will service failures and mechanical breakdowns. A Student Insurance Partners insurance policy can protect you from physical damage such as drops, cracked lcd screens, liquid spills, and power surges due to lightning in addition to theft, fire, flood and many other natural disasters. (Please note: you must select accidental damage coverage to receive protection against drops, cracked lcd screens, and liquid spills)
