Loom Insurance for Smart Devices

travcaine

Senior Member
Joined
Nov 23, 2015
Messages
636
#1
Hi,

I am shopping for insurance for my devices, MacBook, iPhone and Apple Watch. To add them to my home contents is expensive, I came across Loom insurance and they are really cheap.

Their reviews online are good, but has anyone here used them before?

https://www.loom.co.za/about
 

mr_norris

Expert Member
Joined
Jun 12, 2007
Messages
2,015
#2
They are a registered short term insurance provider, and FSP, so they look legit. Thanks for mentioning them because they are considerably cheaper than pineapple / granadilla.
 

Swa

Honorary Master
Joined
May 4, 2012
Messages
19,696
#5
Separate insurance is usually more expensive. Yeah change your insurer. It shouldn't cost you a lot more to add devices to existing home and contents insurance. Even threatening to do so may get them to call you back with a better deal.
 

Hemi300c

Honorary Master
Joined
Dec 15, 2009
Messages
19,580
#6
Just make sure the covers and terms are equal or better and the excess is reasonable.
These little insurers/underwriting managers tend to be very good at excluding covers without you being aware of it.
 

travcaine

Senior Member
Joined
Nov 23, 2015
Messages
636
#8
Just make sure the covers and terms are equal or better and the excess is reasonable.
These little insurers/underwriting managers tend to be very good at excluding covers without you being aware of it.
Read through the terms, basically or the normal things. The excess is set at 15% of the claim value.
 

pinball wizard

Honorary Master
Joined
Feb 9, 2010
Messages
14,098
#9
Santam.. want to charge around R400 for R16000 value. Loom, around R150 for same value.
That's insane. I have a bicycle covered for all risks at R75k (as one example) with Oakhurst And I only pay R341 with a R500 excess. Bundled with household contents and other all risks stuff of course.
 

Swoosh_za

New Member
Joined
Jul 9, 2009
Messages
9
#11
I use loom, have my phone and macbook insured with them. Claimed for my iPhone X and it was settled within 2 days, can't complain and happy with the service.
 
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