If you need additional coverage, you can usually raise the dollar amount by paying a little more. Replacement Cost Versus Actual Cash Value Consider getting a replacement cost rather than an actual cash value policy for your personal belongings. Replacement cost insurance would reimburse you for the current cost of your computer and other personal possessions, while an actual cash value policy would pay the depreciated cost. Replacement cost insurance is approximately 10 percent more expensive than an actual cash value policy, but since most items depreciate quickly this can be a very smart investment. If you plan to regularly take your laptop or portable computer out of your home, find out how much coverage you have on your homeowners or renters policy for your personal possessions away from home.
Some insurers offer complete coverage for possessions away from home.
Other companies have a dollar limit for personal possessions that are stolen away from home. In most instances it would be 10 percent of your personal possessions coverage. Floaters Consider getting a floater on your homeowners or renters policy, for your portable computer. This policy would cover your computer for its full value anywhere in the world on an all-risk basis. There are a number of companies that offer individual insurance policies for computers.