Portable equipment policies cover any portable equipment that you take out and about, this includes cell phones, laptops, test & survey equipment, tools, photographic and music/band equipment.
Most NZ portable equipment policies have excesses of up to $1,000 (in some cases up to $2,500), if that was not bad enough, if the item is over 2-3 years old they depreciate the settlement by up to 50-60%. Meaning that it might not be worthwhile making a claim.
We have access to a policy with no depreciation and excesses as low as $100
We think that this is much fairer on you.