Review: Worth Ave. Group iPad Insurance

After dropping several hundred dollars on an iPad, most users will be interested in protecting their device. Apple's tablet is designed to go anywhere, however this also means a high level of risk for breakage, theft and even water damage. The obvious way to protect the iPad is to purchase a case or cover, however this is not a full-proof solution.

The included iPad warranty from Apple will protect against manufacturing defects, but AppleCare doesn't cover broken touch screens, vandalism or theft. Statistics show that most tablet and laptop computer failures are due to physical damage.

Apple iPad Insurance Worth Ave Group Logo

Worth Ave. Group provides insurance policies to cover a wide variety of adverse events that could happen to your iPad, including theft. AppleCare will not cover any damages from handling, much less damage from fire, floods, earthquakes, tornadoes or lightning strikes.

The iPad is Slippery

Your new iPad comes with Apple's free telephone technical support for 90 days and a one-year limited warranty, plus the option to extend this coverage on both fronts up to two years with AppleCare. Unfortunately, if drop and break your iPad or accidentally dunk it in the swimming pool, Apple will not cover the cost of a repair.

So how can a Worth Ave. Group iPad insurance policy help?

What Does Worth Ave. Group Cover?

Insurance coverage with Worth Ave. Group is the most comprehensive we've seen. A $50 deductible doesn't seem so bad if your car gets broken into and your iPad is stolen. Nor does it seem high if you're iPad gets smashed in an earthquake, or gets taken in a foreign country. In fact, damage from lightning surges, vandalism, accidental drops and spills, hurricanes, fire, flooding and theft are all covered by your policy, no matter where you are on the planet.

Apple iPad Insurance Worth Ave Group Losses Covered

As with any insurance, proof of theft or vandalism is required for these types of claims in the form of a police report. Worth Ave. Group policies do NOT cover screen protectors, cases, music files, apps, or any other data stored on the iPad.

How Does Worth Ave Compare?

Other ways to get coverage for your iPad do exist. AppleCare for the iPad costs a flat $99 to add the second year of warranty coverage (the first year is free). Unfortunately, Apple clearly states that "damage to the Covered Equipment caused by accident, abuse, neglect, misuse" is not covered by AppleCare. Nor are damages resulting from "fluctuation or surges of electrical power, lightning, static electricity, fire..." you get the idea.

Depending on your insurance company, renter or homeowner insurance may be extended to cover electronic devices such as the iPad. The main problem is that homeowner insurance deductibles can be $500 or more, which means a 16GB Wi-Fi only model can be purchased new for the same price as the deductible!

Different credit cards have vastly different warranty coverage options to cover purchases such as the iPad. Using a credit card with an accidental damage protection plan will not cost you any additional money, but most of these plans cover accidental damage for the first 90 days. This is great if you don't drop your iPad after the first 90 days.

True Insurance

Worth Ave. Group provides a persistent policy for the iPad, meaning that after you make a claim, your policy is still in force after the iPad is repaired or replaced. The deductible and premium remain the same. Worth Ave. Group does reserve the right to drop your coverage or refuse an annual renewal in the event that multiple claims are made during one policy period. To be fair, on rare occasions this makes sense as Worth Ave. Group wants to keep premiums affordable.

How Much Does Worth Ave. Group iPad Insurance Cost?

Premiums are paid annually and can be started at any time after the purchase of your iPad. Worth Ave. Group charges premiums based on the value of your individual iPad model as seen in the chart below.

Apple iPad Insurance Worth Ave Group Annual Premiums

If your iPad is the 16GB Wi-Fi only model, it costs less than two years of AppleCare for two years of Worth Ave. Group iPad insurance, covering accidental damage and theft. In the event that you need to make a claim, the $50 deductible means you're still coming out ahead if something happens to your iPad that Apple doesn't cover. With more expensive models of the iPad the premium does increase, but a year of Worth Ave. Group iPad insurance beats replacing a stolen or broken $600-$800+ iPad.

Worth Ave. Group does not cover manufacturing defects, however as an iPad owner your first year of AppleCare warranty service is free.

Other Things to Consider

Worth Ave. Group provides a complete refund for any reason within the first 30 days of a policy. When canceling after the first 30 days, Worth Ave. Group refunds a pro-rated amount, however they will keep a minimum of $20.

Unfortunately, the process of assessing damage to your iPad and/or getting a replacement can be time consuming. One drawback of Worth Ave. Group policies that some iPad devotees might not like to hear about is a 4-6 week processing time for claims. Worth Ave. Group's claims department turns around iPad-specific claims in one week or less, assuming there's no evidence of fraud. Proof of ownership must be submitted (in the form of receipts, etc.), police reports filed, estimates for repair obtained and the like. Worth Ave. Group is a grown-up, actual individual electronic device insurance policy to which paperwork is no stranger.

That being said, for a $50 deductible and a reasonable annual premium, you have complete peace of mind that your iPad is covered from theft, damage, natural disasters or vandalism worldwide.

Conclusion

For iPad theft and accidental damage insurance, Worth Ave. Group proves to be a smart choice. We like the flexibility of purchasing coverage after the iPad purchase date, the refundable premium option and an annual policy renewal. The $50 deductible is reasonable considering the extensive list of losses covered.

Get more information and details on Worth Ave iPad insurance from the official Worth Ave. Group web site.

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Comments

default user picture

4-6 weeks? fuggedaboutit.

Seriously, 4-6 weeks for a repair? that's pretty ridiculous. who wants to be without their ipad for that long. i'll stick to SquareTrade, they have a 5-day service guaranty. They've got no deductibe and they're cheaper to boot!

default user picture

Don't you take your own iPad

Don't you take your own iPad to get repaired? Worth ave just cuts you a check.

Chad Shmukler's picture

This detail was inaccurate

This detail was inaccurate and has been updated above in the review.

default user picture

Re: This detail was inaccurate

Upon what information did you base your correction? Was this an employee of WAG that suggested otherwise, especially their name?

I have just filed a claim on my iPad and received this in the "Receipt of Claim"

"Processing can take up to 4-6 weeks during peak seasons"

The "corrected" information in your article was one of the factors in my decision to go with Worth Avenue Group.

default user picture

Re: This detail was inaccurate

well, how long did it take? my guess is it was fast otherwise you'd have been back to complain. :)

default user picture

Re: 4-6 weeks? fuggedaboutit.

What if it gets stolen? Your out your investment completely.

adamiam's picture

Ill stick with SquareTrade...

Ill stick with SquareTrade... The only "extra" you get from Worth Ave. Group is coverage for loss or theft and I have NEVER lost a device or had one stolen.

default user picture

Re: Ill stick with SquareTrade...

err.. you also get liquid submersion protection and more than one claim per policy. that's pretty significant.

default user picture

Re: Review: Worth Ave. Group iPad Insurance

Never say never.

default user picture

Re: Review: Worth Ave. Group iPad Insurance

Hi, tell me one thing about the situation if device is stolen. Is it easy to get Police report easily and do we need to pay anything for getting police report? I am worried that if it hard to get a police report for your stolen device then this insurance is not worth.

Please advice me.

default user picture

Police reports are incredibly easy(and free), at least in my state. Some states even offer the forms online, you d

Police reports are incredibly easy(and free), at least in my state. Some states even offer the forms online, you drop them off yourself at the station.

But heres how it generally works. If it's stolen from your car you'd want to call the police, so they can see that the car was broken into. etc etc and the officer does the report.

If just randomly stolen, like pickpocket... Walk into police stations public door, all forms should be readily available, with someone to assist you. Explain, they'll direct you to proper forms.

default user picture

Go to pd. The may charge 5bucks. Usually first report is free.

Go to pd. The may charge 5bucks. Usually first report is free.