Gadget insurance can cover the cost of repairing or replacing your PlayStation if it is lost or damaged. But if you already have cover elsewhere, you could save yourself the money.

Check to see if you are covered by your:

  • Warranty: If your PlayStation is still under warranty, you will be covered for mechanical breakdown. But you will not be able to claim for accidental damage, loss or theft.

  • Home insurance: Your PlayStation may be protected against accidental damage and theft. But you may have to pay a high excess if you claim, and mechanical breakdown will not be covered.

If your home insurance or warranty does not provide the cover you want, find a gadget policy that does.

What should you look for?

Find a policy that offers the cover you want for the cheapest monthly cost, including:

  • Accidental damage, which can cover liquid damage, broken buttons and if you drop your console.

  • Breakdown, which covers the cost of repairing or replacing your console if it stops working.

  • Theft, which provides you with a new PlayStation if yours is stolen.

  • Loss, which provides you with a new console if you lose yours. For example, if you leave your PSP on a bus.

Are there any exclusions?

There are some things an insurance policy for your PlayStation will not cover:

  • Your policy excess, which is deduced from any claim you make

  • Loss or damage where you have acted carelessly, e.g. left it unattended

  • PlayStations more than a year old or not refurbished to manufacturer's standards

  • Cosmetic damage, e.g. scratches or dents

  • Data stored on your console

Some insurers may also have their own list of things they do not cover, like accessories and controllers. Check the terms of cover to make sure you get what you need.