If you are familiar with data recovery programs then you are probably are aware of how much the good ones cost, especially if you are forced to hire a professional to do it for you. However, in order to prevent data loss from happening again, you may want to invest in data recovery insurance. It is a relatively new idea but it is starting to quickly gain in popularity. Below is breakdown of where you can get it and what it covers.
Data Recovery Insurance Providers
Kroll Ontrack and Covertec are the only two partnered providers that currently offer data recovery insurance. The policy was Underwritten by Chubb Insurance Company of Australia Limited which has 120 offices in 27 different countries. Covertec has over 20 years worth of experience in insuring equipment that has been damaged as a result of a fire, theft or damaged as a result of an accident.
Kroll Ontrack operates cleanroom facilities that can extract lost data from almost any device. The company is staffed with engineers, technicians and recovery specialists who are qualified to repair mechanically failed hard drives and safely extract data.
What They Cover
For a limited time, Kroll Ontrack is offering businesses in the Midwest and the South insurance coverage for $850. That may sound like a lot of money but it allows each potentially affected business to recover data lost on desktops, laptops, and USB devices damaged by floodwater. For individuals, Kroll Ontrack offers coverage for a three-year duration. The cost? Just $50, although you can raise that coverage to a particular device up to $1000.
Covertec is a universal, worldwide coverage that offers a professional approach to data retrieval from many different brands in the event of electronic breakdown, damage or loss in transit, or accidental damage that can occur to: laptops, desktops, tablets, portable drives, cameras, videos, a USB device, memory sticks, flash drives, and iPhones. There is no policy excess so you get a better deal. So in the event something does happen to your item, Chubb will pay for your claim. The wait for data extraction won’t take long. Chubb receives regular accolades for its claims so you’ll get the fastest turnaround time available.
No one wants to lose their personal data. Lost data can be virtually anything of personal value: priceless photos that can not be replaced, recordings, personal accounts, personal documents, manuscripts, current or last year’s taxes, and more. People are often all too quick to throw away a damaged device when in actuality much of the stored data on it can still be saved. If one of your devices breaks or is damaged and there is no data recovery insurance on the item or items affected, you will be faced with having to pay a very steep price for retrieving that delicate information from an experienced professional. It would cost you more out of pocket in the long run than if you had insurance coverage. So what are you waiting for? Get your coverage today and save yourself a headache.