BOSS: The Stolen Laptop

Lesson 13 of 13 in our free Insurance guide: a 5-minute money game with the key points below.

This lesson is in the full version.

Free with a code from your uni, college, council, landlord or employer (worth £600/year). Lesson 1 of Insurance is free for everyone.

Questions you'll answer

Mo left the laptop on the table while queueing. Which policy wording matters most here?

Mo is covered: laptop worth £1,100, personal possessions limit £1,000, excess £150. What's the payout?

Red flag: “Hi Mo! We help students with laptop claims.” — Unsolicited message — how do they even know?
Red flag: “We guarantee DOUBLE what your insurer offers.” — Nobody can promise that. Too good to be true.
Red flag: “Just send your policy login and bank details” — Never share logins or bank details.
Red flag: “plus a small £49 admin fee” — Upfront fee to a stranger = scam.
Myth: “Mo can claim on two policies to get paid twice.” — You can't profit from a loss. If two policies cover it, they share the payout.
Fact: “If the claim is wrongly refused, Mo can complain and then go to the Financial Ombudsman Service.” — Free and independent.
Fact: “Backing up work to cloud storage is a free 'insurance' for your dissertation.” — No policy pays for lost coursework. Back it up!