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Protect your tech for as low as $2.99/month.

Is electronics protection worth it?

Let’s face it: these days, we can’t live without our devices. From our smartphones to our fitness trackers and all the TV watched in between, we’re in a digital age that shows no sign of slowing down. 

 

But because we’re superglued to our devices, the risk of an accident happening runs... much, much higher. (That’s a mathematician-approved stat.) Think about it: how close is your laptop to your iced latte? Have your friends called you “butterfingers” in the past? Or what about a few summers ago when you attended that pool party... and forgot to take off your smartwatch? 

 

You get the idea — your next expensive accident is just waiting around the corner. And with the price of smartphones soaring above $1,000 (and you still need to get a case!), it’s not exactly something the average American can shrug off at the checkout line.  

But we have a solution — that also doubles as a smart financial move: electronics protection. Is it worth it for you? You’ll have to keep reading to find out. 

 

What is electronics protection? 

Electronics protection can help cover the tech that you use and love every day — like your smartphone, tablet, TV, computer, smartwatch, video game system, camera, drone, and more. It can cover the gaps in your homeowners and renters insurance policies (even your warranties) if an accident were to strike.  

 

Specifically, electronics protection can cover these types of damages (and more, depending on the plan you choose): 

 

  • Accidental damage (drops) 

  • Mechanical failure 

  • Manufacturer defect 

  • Water damage (spills and submersion) 

  • Power surge by lightning 

To be transparent, here’s a fine print moment: electronics protection plans typically do not extend to instances of intentional or willful damage or misuse, products that have been modified, and products that have been lost or stolen. Exclusions vary by policy, so take the time to shop around and find an electronics protection plan that best fits you and the devices you’re covering.  

 

How does electronics protection work?  

Let’s say your smartphone was subjected to your infamous butterfingers. This electronics protection plan (available in partnership with Cover Your Assets (CYA) and Kasasa Care) makes it so easy to file a claim in four easy steps:  

 

  1. File a claim easily through the CYA app, online via your CYA account, or by calling a CYA agent at 800-202-7707. 
  2. CYA will review your claim — most are approved in 1-2 business days. 
  3. If you need a repair, CYA only lets authorized technicians service customers’ devices. CYA coverage provides you with access to tens of thousands of repair centers in their network that can fix your device swiftly and professionally. Your smartphone (or other device) is backed by a 5-day repair or replacement guarantee! 
  4. There are times when not even CYA’s experts can fix your device. Based on your device and claim filed, CYA will either offer cash for its value or replace it with a unit of like kind and quality. 

 

Should you replace or cover your (insert device here)?: A cost-comparison guide 

One of the biggest reasons we recommend getting electronics protection in the first place comes down to cost comparisons. In other words, ask yourself this: if your (insert device here) cracked, malfunctioned, or had a bath today, do you have enough cash to replace it tomorrow?  


If you don’t, you’re not alone. In fact, 63% of Americans don’t have enough savings to cover a $500 emergency. Even if you do, would you have to drain your emergency fund just to replace your TV? If that’s the case, we’d recommend looking into electronics protection — and let these numbers we calculated speak for themselves!  

 

Item 

Average cost to replace (new) 

Annual cost with electronics protection  

Smartphone 

$1,000 

$76.89 (or $6.99/mo) 

Tablet 

$500 

$54.89 (or $4.99/mo) 

TV 

$500 

$76.89 (or $6.99/mo) 

Computer 

$1,500+ 

$65.89 (or $5.99/mo) 

Smartwatch 

$300 

$32.89 (or $2.99/mo) 

Video game system 

$400 

$43.89 (or $3.99/mo) 

Camera and lenses 

$1,000 

$76.89 (or $6.99/mo) 

Drone 

$400 

$98.89 (or $8.99/mo) 

 

 

If you’re good with numbers, you might notice that you get a little savings when you opt for an annual plan versus a no-contract, month-to-month plan. (Something to keep in mind if you’re considering coverage!)  

You can bundle your items for even more savings too — in some cases, up to 30%!* Here are some of the most popular bundles: 
 

  • Family cell phone: Cover 5 smartphones for $25.95 per month 

  • Entertainment: Cover 5 TVs and 1 video game system for $28.94 per month 

  • Electronics: Cover 5 TVs, 5 smartphones, 5 tablets, 5 smartwatches, and 5 computers for $95.75 per month 

 

Plus, you can add on your oven, dishwasher, furniture, exercise equipment, and refrigerator. Even the not-so-fun (but essential) items like your garbage disposal! The customization options are truly endless.  

 

 

Is electronics protection worth it for you?  

The answer to this question comes down to your personal finances and financial goals. If you have enough cash to unexpectedly have to upgrade your phone tomorrow — that’s incredible! But if it sets you back from reaching your goals (like a down payment on a home or car, or taking a vacation with your family), a few bucks a month for guaranteed repair or replacement coverage might be worth it. 

The best part? There’s no commitment — in other words, you can cancel anytime. (Though we’re pretty sure you’ll want to keep the peace of mind around for a while.)  

 

Start comparing (and customizing!) electronics protection plans today — and you’ll never have to cringe when you drop your phone again. 

 

*Savings vary by the product(s) you’re covering and the amount of coverage you require. 

Tags: Protection, Care, Electronics Protection

What's Kasasa?

More than just an unusual word: Kasasa is a promise. That promise includes offering life solutions that suit every lifestyle to help you maximize your money. With our recent addition of Kasasa Care, we've partnered with industry leaders across the health, security, and protection industries to provide more convenience to your everyday life, while keeping your bottom line in mind.


We will continue to bring you new and exciting non-deposit based services to help you get the most out of your money. So keep checking back; we're just getting started!