Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




38 posts

Geek


# 215488 29-Jun-2017 15:52
Send private message

Have spoken to a few people.

 

 

 

I want to get contents insurance for my Custom built PC (as i am flatting) and my financial adviser recommends to get a cover that if anything is over 3 years old it will be covered under depreciated value. I have almost all receipts and with the receipts i have, it is almost $6000. The problem is. Most computer parts cease to exist after 3 years on the market. So is this an escape clause for the insurance company to pay little to nothing? 

 

 

 

Does anyone here have their PC covered? I want to basically phone up and give them receipts and pay premiums on an agreed value that i can basically get cash in hand if it gets stolen or anything else.

 

 

 

I've been recommended AMI insurance. What insurance are you guys using?


Create new topic
1016 posts

Uber Geek

Trusted

  # 1809095 29-Jun-2017 17:54
4 people support this post
Send private message

TBH, a computer older than 3 years is worthless to anyone but you.

676 posts

Ultimate Geek


  # 1809112 29-Jun-2017 18:56
One person supports this post
Send private message

Depending on your policy and with the receipts kept I'd imagine you could list each component individually with either some form of equivalency replacement or cash value as dictated by the policy aka. agree/replacement or market value.


 
 
 
 


838 posts

Ultimate Geek

Trusted

  # 1809129 29-Jun-2017 19:31
Send private message

I've often wondered about this myself - how would I go about valuing my computer?

 

I imagine it'd be best to describe the items by market comparison, rather than specific specs, i.e. instead of listing Intel 3GHz quad core, maybe list Enthusiast Tier Intel Overclocking CPU for high end consumer socket. Or for a GPU, instead of listing a GTX 1080, in my case I'd probably want to list top of the line factory water cooled GPU. It'd be best to discuss in detail with a insurance broker, I imagine.





Anything I say is the ramblings of an ill informed, opinionated so-and-so, and not representative of any of my past, present or future employers, and is also probably best disregarded.


2150 posts

Uber Geek

Lifetime subscriber

  # 1809187 29-Jun-2017 20:18
Send private message

The issue with insuring computer equipment is it devalues extremely quickly.

What costs 6000 this year could well be 4000 next year then 2000 the year after that.

Your insurer would be able to tell you this stuff. When you fill-out the initial application you lists the model or components and it's production cost.

If you claim the insurer will tell you how much they think it's now costs to replace like with like.

IE no different to a 6k car or clothes.


2514 posts

Uber Geek
Inactive user


  # 1809305 30-Jun-2017 06:26
Send private message

Andib: TBH, a computer older than 3 years is worthless to anyone but you.

 

 

 

I was ready to refute this but thinking about it I can't.

 

However rebuilding that computer will cost plenty!


Mad Scientist
21069 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1809363 30-Jun-2017 08:57
Send private message

Are you worried someone might steal it or are you worried you might pour beer on it? There are smaller easier more valuable things to steali would have thought.




Involuntary autocorrect in operation on mobile device. Apologies in advance.


xpd

Chief Trash Bandit
10082 posts

Uber Geek

Mod Emeritus
Trusted
Lifetime subscriber

  # 1809378 30-Jun-2017 09:17
Send private message

No offense, but if youve paid $6k for a PC, then paying $2k for something equivalent, but newer tech a few years later,  should'nt cause you an issue......

 

 





XPD / Gavin / DemiseNZ

 

Server : i5-3470s @ 3.50GHz  16GB RAM  Win 10 Pro    Workstation : i5-3570K @ 3.40GHz  20GB RAM  RX580 4GB Win 10 Pro    Console : Xbox One

 

https://www.xpd.co.nz - Games, emulation, geekery, and my attempts at photography.     Now on BigPipe 100/100 and 2Talk

 

http://storm.xpd.co.nz - NZ Rock at its finest (WIP)

 

Add me on Steam


 
 
 
 


1924 posts

Uber Geek


  # 1809572 30-Jun-2017 12:45
Send private message

Andib: TBH, a computer older than 3 years is worthless to anyone but you.

 

a $6k PC will still have real value after 3 years , no where near that initial cost though .

 

Seriously consider if its going to be worth all the hassle , to you. Making a claim & having ongoing arguements
about the insurance payout .

 


And the insurance company may not pay cash, just replace with a PC from their suppliers : ie a PC from Noel Lemming yell
I cant image the insurance co seeing it as being worth the hassle to do otherwise , for a small 1 off contents in a Flat.


1418 posts

Uber Geek


  # 1809695 30-Jun-2017 16:31
Send private message

Wouldn't it be similar to how cellphones are treated?  I've just had a 2-year old iPhone 6 replaced under insurance and they replaced it "for like", which means an iPhone 6S.  Presumably if they weren't available any more then the equivalent would be an iPhone 7.  I guess the problem is that many insurers wouldn't know how to equivalise(?) a GTX1080 graphics card several years after the fact.


8906 posts

Uber Geek

Lifetime subscriber

  # 1809702 30-Jun-2017 16:42
Send private message

just be aware with a PC you would be unlikely to get $6000 worth of replacement components 3 years down the line.

 

i had a $1500 laptop stolen after i had it for 2.5 years and i got a $700 one as a replacement. the specs were better than the one that was taken. i also had little to no choice in what i was given either.


8906 posts

Uber Geek

Lifetime subscriber

  # 1809703 30-Jun-2017 16:43
Send private message

Lizard1977:

 

I guess the problem is that many insurers wouldn't know how to equivalise(?) a GTX1080 graphics card several years after the fact.

 

 

they have companies that do this for them.


5457 posts

Uber Geek

Trusted
Lifetime subscriber

  # 1809808 30-Jun-2017 18:42
Send private message

A computer is like a luxury car - it loses half its value when it goes out the showroom floor, and is superseded within 12 months.
Arguably, a state-of-the-art PC is superseded within 6 months.
After 3 years, it is worth a small fraction of its new price, and is written off after 5 years.

 

I don't even bother to insure my (domestic) PCs.





Sideface


3212 posts

Uber Geek


  # 1809817 30-Jun-2017 18:54
Send private message

Some companies offer like-for-like cover (AA?)  Shop around. 





Always be yourself, unless you can be Batman, then always be the Batman



Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Spark launches new wireless broadband "Unplan Metro"
Posted 11-Nov-2019 08:19


Malwarebytes overhauls flagship product with new UI, faster engine and lighter footprint
Posted 6-Nov-2019 11:48


CarbonClick launches into Digital Marketplaces
Posted 6-Nov-2019 11:42


Kordia offers Microsoft Azure Peering Service
Posted 6-Nov-2019 11:41


Spark 5G live on Auckland Harbour for Emirates Team New Zealand
Posted 4-Nov-2019 17:30


BNZ and Vodafone partner to boost NZ Tech for SME
Posted 31-Oct-2019 17:14


Nokia 7.2 available in New Zealand
Posted 31-Oct-2019 16:24


2talk launches Microsoft Teams Direct Routing product
Posted 29-Oct-2019 10:35


New Breast Cancer Foundation app puts power in Kiwi women's hands
Posted 25-Oct-2019 16:13


OPPO Reno2 Series lands, alongside hybrid noise-cancelling Wireless Headphones
Posted 24-Oct-2019 15:32


Waikato Data Scientists awarded $13 million from the Government
Posted 24-Oct-2019 15:27


D-Link launches Wave 2 Unified Access Points
Posted 24-Oct-2019 15:07


LG Electronics begins distributing the G8X THINQ
Posted 24-Oct-2019 10:58


Arlo unveils its first video doorbell
Posted 21-Oct-2019 08:27


New Zealand students shortlisted for James Dyson Award
Posted 21-Oct-2019 08:18



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.