There are a number of mistakes that are easy to make when buying laptop insurance mean that you might not be covered when you need it the most. Thankfully however, many of these mistakes are easy to avoid if you do some research first.The most common mistake people make when purchasing laptop insurance is not to insure their laptop immediately upon purchasing it, relying on the “extended warranty” coverage and accident insurance provided by their retailer to cover their needs should their laptop be dropped, damaged or stolen.What people often don’t realize is that there are specific types of damage that are not covered under even extended warranties. Therefore, purchasing dedicated laptop insurance, separate from your computer provider’s warranty, gives you an additional level of protection.Make sure you understand what is and is not included in your laptop coverage policy, understanding that there are times that you are liable for leaving your laptop unattended either in or out of your home if there is no visible sign of forced entry. Many people also don’t realize that you need to make a police report in order to claim insurance on a stolen laptop, and many policies require this happen within a very short time-span; possibly less than forty eight hours.When purchasing a laptop insurance policy, customers may not realise that just by purchasing the policy they are not relieving themselves of the responsibility to make some payment toward the replacement item. Like auto insurance, there is an excess charge which you are responsible for paying when claiming on your laptop – however, this is generally far below the cost of having to replace the item.Often times, people don’t understand the paperwork that they will require in making a claim, and this can prevent payouts. Always retain the receipts and all ownership paperwork that come with any laptop computer. Because laptops are portable and comparatively lightweight, they are easy to drop and damage, or to have stolen if they are not carefully watched, and if an individual doesn’t have their receipts and the ability to prove ownership of the laptop in question, their chances for receiving a replacement are much lower.It’s easy to think, with all these conditions, that purchasing insurance on a laptop means laying out a lot of money for something you might not be able to take full advantage of, but by researching your policy and finding good laptop insurance, then keeping records of your laptop purchase and making sure you are insured for the correct amount, you can save the cost of a new machine plus the worry of strained finances if and when disaster strikes. Purchasing laptop insurance solves these problems effectively.