Many home insurance policies do not cover digital downloads
Posted on February 2nd, 2011
Music fans could be at risk of losing out financially as the majority of home insurance companies do not cover digital downloads, according to a recent study by Which?
The study by the consumer watchdog found that a third of leading home insurers standard policies fail to offer any form of protection, even though over 100m tracks are downloaded by Brits every year. Those that do offer cover generally limit it to around 1,000.
According to Which? only four providers, including HMV Digital, Play.com, 7 Digital and Tesco Entertainment, allow customers to re-download lost music . However others, which includes the popular iTunes, say in their terms and conditions that: “Products may be downloaded only once and cannot be replaced if lost for any reason”.
Which? CEO Peter Vicary Smith said: “It’s surprising that, at a time when the popularity of digital downloads is soaring, insurers aren’t offering music lovers the protection they need. People who buy a lot of digital music should double check their home insurance policy to make sure downloads are covered. If they’re not, we’d recommend switching to a provider that has entered the digital age.”
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Tags: Cover Digital, Cover Digital Downloads, Digital Downloads, Downloads
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