Apple Laptop finance/ Accidental damage.

Shaunyac

Just wondering if anyone could help me out (:

We have a Home insurance policy with Halifax, and I've just rang them to add on a new Macbook Pro Retina which we've just purchased. The laptop is just shy of £2000 so I wanted to get it covered for accidental damage such as spills/drops etc.

They added the laptop fine and the premium has only slightly increased, it's now covered for in and out of the home, anywhere in the UK and abroad as long as we're there less than 30 days.

The question I wanted to ask though was that the laptop was bought on finance through the Apple store online, the finance is with Barclays. Would this make a difference if I had to claim or would they just replace it with the value it has been invoiced for. I told them on the phone the value is £1959 but I am paying around £2400 over 3 years for the finance.

Just want to make sure that if I was to ever claim there wouldn't be a problem and it would either be replaced like for like or for the same value.


Many thanks (:

chanz4

No it would be the item, not how much you pay for it

jonesMUFCforever

Not an insurance reply here but OP this is a moneysaving site - could you not have got a 0% credit card instead of paying £100's in interest?

Shaunyac

Thanks for both replies, I would have liked to have used a 0% CC but didn't think my credit limit would be high enough (don't have much of a credit history) to purchase said computer, I could have probably waited and found a better option to fund it but don't mind paying the interest as the computer will earn it's money back with the work I use it for.

Also, does anybody know, if I repay the sum early will I still be charged the full interest amount or would I qualify for a partial refund on the interest?

Many thanks (:

jonesMUFCforever

It depends on whether the interest has been front loaded.
Most personal loans are on daily interest (applied monthly) these days -you need to ask the finance company.