Smartwatch and Apple Watch Insurance: Why It Should Be On Your Radar

As soon as you put your new smartwatch on your wrist – whether it’s an Apple Watch, a Samsung Galaxy Watch, or a Google Pixel Watch – you’re aware of its delicate beauty and want to keep it in pristine condition. But here’s the thing: as you settle into wearing it everywhere you go, from your morning commute to your evening workout, your smartwatch becomes vulnerable to all sorts of mishaps.

One sudden bump against a table edge or an accidental drop on the ground, and you can end up with a cracked screen or a malfunctioning device – and a hefty repair bill. It’s enough to make you wonder: how can you safeguard that sleek and stylish gadget from these unpredictable incidents? One effective way to protect your smartwatch and your peace of mind is through insurance.

Why get insurance for your smartwatch?

Smartwatch insurance provides financial protection, helping you save on repairs and replacements when mishaps happen. Getting this type of protection for your wearable device can be a smart move, and here's why:

Accidents happen all the time, and accidental damage isn't covered by standard warranties. If you accidentally damage your smartwatch, you're on your own as your warranty won't cover the repair costs. The same goes for getting water in your smartwatch. Even if your smartwatch is water-resistant, it can suffer water damage. Insurance covers the most common smartwatch issues, such as a cracked screen or water damage.

Smartwatch repairs are costly. The repair costs often amount to a significant portion of the device's initial price and sometimes even come close to it, making it financially impractical to repair it and leaving you in a tough spot when dealing with a damaged smartwatch. Insurance significantly reduces repair costs, saving you from substantial out-of-pocket expenses.

Finding a reliable repair service for smartwatches can be challenging. Smartwatch manufacturers either do not offer in-house repair services or charge high fees for them. Moreover, smartwatch repairs require specialized skills and tools, so you may need to research extensively to find a trustworthy repair shop. With insurance, you can avoid the hassle of finding a reliable repair service.

Smartwatches are expensive to replace. With prices ranging from modest to extravagant, replacing a smartwatch if it gets stolen or damaged beyond repair can hit your wallet harder than you think. Insurance can reimburse you for the value of your stolen or irreparable device, so you won't be left bearing the full burden of this unexpected expense.

What does Smartwatch & Apple Watch Insurance cover?

Smartwatch and Apple Watch Insurance operate on a similar premise to insurance for other electronic devices, providing coverage against a range of risks, including the most significant ones when it comes to wearable tech, such as cracked screens, accidental drops, water damage, and even theft. Worth Ave. Group has comprehensive insurance plans that provide coverage on the following losses:

• Cracked screens
• Accidental damage (drops)
• Spills and liquid submersion
• Theft and vandalism
• Fire, flood, and natural disasters
• Power surge by lightning

We also offer unlimited claims, ensuring that you’re fully protected no matter how many times your smartwatch encounters accidental damage or other covered incidents during the policy term.

Is smartwatch insurance worth it?

While smartwatch insurance may initially seem unnecessary, it could be a real lifesaver when you least expect it. You can easily see how much you can save in the long run with such coverage if you only compare the costs of repairing your smartwatch with and without insurance.

For example, let’s see how much it costs to repair an Apple Watch screen. Without insurance, the screen repair cost for an Apple Watch can go up to $499, depending on the model. If you have an Apple Watch Series 9, you can expect to pay up to $399 for repairing a cracked screen (which is practically the starting price of the device itself), while if you have an Apple Watch Ultra, the same repair can cost you up to $499 (which is more than half of the stating price of the device itself).

With insurance, getting that cracked screen fixed costs way less. Our insurance plans start at just a few dollars a month, so you don’t need to shell out hundreds out-of-pocket on repairs. For instance, you can insure a $399 Apple Watch Series 9 for just $4.92 a month or a $799 Apple Watch Ultra for just $9.92 a month (billed annually for one-year coverage). And remember, at this affordable rate, you’ll have protection not just for cracked screens but for a range of other common mishaps that could otherwise cost you a lot.

Should I insure my Apple Watch or smartwatch?

Protecting your Apple Watch or any other type of smartwatch with an insurance plan can be beneficial for anyone who values their wearable gadget and seeks peace of mind. You should particularly consider getting insurance if:

• You have an expensive smartwatch.
• You want a fast and professional repair if your smartwatch gets damaged.
• You will need a quick replacement if your smartwatch is damaged beyond repair or stolen.
• You couldn’t afford to repair or replace your smartwatch.
• You wear your smartwatch during sports or outdoor activities.
• You wear your smartwatch while working on physically demanding tasks or near water.
• You are accident-prone.

For what smartwatches can I get insurance?

You can get insurance for all types of smartwatches, including the most popular ones, such as the Apple Watch, Samsung Galaxy Watch, Google Pixel Watch, Fitbit Versa, and Garmin Forerunner. All makes and models can be covered with an insurance policy from Worth Ave. Group, whether new, used, or refurbished, as long as there is no pre-existing damage.

How can I get insurance for my smartwatch?

Getting insurance protection for your smartwatch is easy with Worth Ave. Group. If you have an Apple Watch, get a free Apple Watch Insurance quote to get started!

If you want to protect your Samsung Galaxy Watch, Google Pixel Watch, or any other type of smartwatch, get a free Smartwatch Insurance quote to start the process!