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World of smartphone and gadget insurance takes off

WITH more than 6,000 smartphones stolen each year, not to mention theft of laptops, iPads and the like, it's no surprise that the market for gadget insurance has grown.

We've had a look, left, to see what you can expect to pay. It is expensive, and you need to watch out for the policy excess (€25-€50) but eligible products include phones, iPods, tablets, e-readers and even sat navs. Some only provide cover after a waiting period of 14 days. Others insist the gadgets are under three years old. Basic policies include accidental damage while more sophisticated ones add theft, loss and water damage. Some insurers charge per product, others have group cover for several items.