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Holiday Shoppers Misinformed on Insurance Coverage for High-Tech Gifts.

PR Newswire

| December 06, 2007 | COPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New survey finds 96 million households lack key knowledge on protecting electronics

MINNEAPOLIS, Dec. 6 /PRNewswire/ -- As the holiday shopping season unofficially kicks off this week, about 42 million American households plan to give or receive high-tech electronic products this year. However, about seven out of eight households don't fully understand key aspects of their insurance coverage for these purchases, according to a new national survey by Trusted Choice(R) and the Independent Insurance Agents & Brokers of America (the Big "I").

 
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For the survey, respondents were asked if they were going to purchase or receive electronics, including iPods and iPhones, video gaming systems, computers and plasma televisions, during this holiday season. In addition, when asked, only about one fifth of survey respondents reported ever contacting their insurance agent with questions on coverage for high-tech electronic products when they purchased them in the past.

"With so …

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Source: HighBeam Research, Holiday Shoppers Misinformed on Insurance Coverage for High-Tech...

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