Is smartwatch insurance worth it?

Q: How much does it cost to insure a smartwatch?

Insurance for electronic devices is one of the more affordable types of insurance. For example, a two-year plan for phones, laptops, and other devices from Progressive® Phone & Electronic Device Insurance provided by Worth Ave. Group costs less than $8 per month * . Smartwatches can range in price from $100 to $400, so insuring yours may make sense if you're concerned about the cost to repair or replace yours.

If you're worried about accidental damage, then smartwatch insurance may be worth it. Most smartwatch warranties cover mechanical failure or defects, but they usually don't cover accidental damage, such as falls or spills, let alone theft. With smartwatch insurance, your device may be covered for repairs, and even replacement, for common types of damage, including cracked screens, liquid submersion, and more.

2 to readUpdated May 9, 2024

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What does smartwatch insurance cover?

Smartwatch insurance generally covers accidental damage and theft, including the following:

Liquid damage, from spills or liquid submersion
Physical damage, such as a cracked screen, from drops or other accidents
Power surges due to lightning
Theft and vandalism
Fire, flood, and natural disasters

Insuring an Apple watch or any smartwatch may make sense if you're worried about paying to repair or replace it yourself. It may also make sense if you frequently wear your smartwatch in high-risk environments, such as on or near water, on a job site, or anywhere you're likely to drop it or bump it against other objects.

Pro tip:

Your smartwatch may come with a one-year warranty, but these warranties generally don't cover accidental damage. For that kind of coverage, you need smartwatch insurance.

How does smartwatch insurance work?

When you file a claim on your smartwatch insurance, the insurer will verify that the damage is covered. If it is, you'll either ship your smartwatch to a repair facility or take it to a local authorized repair shop. Your insurer will pay for the repairs or to replace your smartwatch, minus your deductible and up to the limits of your policy.