Why investing in gadget protection saves you money
Protecting your gadgets might seem like an extra expense but what if it’s actually saving you thousands?
Every year, millions of people face the heartbreak of losing their gadgets to accidents, theft, or unexpected malfunctions.
With gadgets becoming more expensive and important to our daily lives, replacing or repairing them can be too expensive. Gadget protection plans are often overlooked, yet they’re one of the smartest ways to safeguard your wallet.
Here’s why investing in gadget protection is more than worth it—and how it could save you money in the long run.
The cost of unprotected gadgets
Imagine dropping your smartphone, and the screen goes “kraaa”. Replacing it can cost tens of thousands of naira or more if it’s a high-end device like a Samsung.
Most times, these repairs are unexpected leaving you scrambling for funds and it is not a nice place to be in.
For example:
- Smartphone screen repair: ₦50,000–₦1,000,000
- Laptop motherboard replacement: ₦250,000+
Beyond the financial hit, downtime from a broken gadget can disrupt your life or work. Think about the productivity lost waiting for repairs or, worse, saving up for a replacement.
Some might say, “I’ll just be careful,” but research shows that about 78 million Americans damaged their phone in 2023. Pause and think. If only America experienced such an amount of phone damage in 2023, what would be the number for the rest of the world?
Without protection, you’re one mishap away from a hefty bill.
How gadget protection works
Gadget protection plans, whether through insurance, warranties, or device protection services, provide coverage for accidents, theft, and more.
These plans act as a financial safety net, ensuring you’re not caught off guard by unexpected costs.
Most plans cover:
- Accidental damage (e.g., drops, spills).
- Theft and loss.
- Software issues or extended warranty for hardware malfunctions.
Let’s break it down: Say you pay ₦18,000 annually for a protection plan on a ₦300,000 smartphone. If the screen breaks and repairs cost ₦80,000, you’ve ₦62,000 on repairs.
Is gadget protection really worth it?
It’s natural to have doubts about gadget protection. Some common objections include:
- “It’s a waste of money.”
- “I’ve never had to repair a device.”
- “Most warranties don’t cover what I need.”
While these concerns might seem valid at first, the reality often tells a different story.
“It’s a waste of money.”
The truth: About 67% of smartphone users experience screen damage during the life of their device.
“I’ve never had to repair a device.”
The truth: While you may have been lucky so far, accidents are unpredictable. Drops, spills, and thefts happen when you least expect them. Having protection ensures you’re covered when the unexpected strikes.
“Most warranties don’t cover what I need.”
The truth: While some warranties have limitations, many modern protection plans go beyond basic coverage.
At gamp, for example, you can request a custom protection plan that is tailored to meet your needs.
Long-term savings from gadget protection
So, how can gadget protection save you money?
- Avoid emergency expenses: You’ll never have to dip into your savings or borrow money for sudden repairs.
- Maintain resale value: A well-maintained device fetches a higher resale price, and many plans cover regular servicing.
- Reduced downtime: Protection plans often include fast repairs or replacements, meaning you get back to work faster.
Let’s say you’re a freelance graphic designer with a high-end laptop that crashes unexpectedly.
Without protection, a major repair could cost you both money and lost income while your device is out. With a protection plan, the issue is resolved quickly and affordably.
The hidden perks of gadget protection
Beyond financial savings, protection plans come with other benefits:
- Convenience: Easy access to repairs and replacements without the hassle of finding a reliable technician.
- Peace of mind: Knowing you’re covered reduces stress, even when accidents happen.
- Prolonged device lifespan: Regular maintenance (offered by some plans) helps keep your gadgets running longer.
Tips for choosing the right gadget protection plan
Not all protection plans are created equal, so you need to choose one that fits your needs. Here’s what to consider:
- Coverage scope: Ensure the plan covers common risks like accidental damage, theft, and technical issues.
- Cost vs. value: The plan should make sense financially based on the value of your device.
- Provider credibility: Go with a trusted company with a track record of good customer service.
A smarter way to protect your gadgets
At gamp, we offer affordable gadget protection plans to help you save money on repairs.
With protection plans starting from as low as ₦3000, you can enjoy good repair coverage, damage protection, and liquid spill clean, ensuring you’re not left with high repair costs.
Create a free account to enjoy device protection.
Conclusion
Investing in gadget protection is a smart financial decision that helps you avoid further expenses, reduce stress, and extend the life of your gadgets.
So, the next time you’re debating whether gadget protection is worth it, remember: a small investment today can prevent major headaches tomorrow.
Protect your devices now, and enjoy peace of mind for years to come.