Portable electronics insurance is a relatively new classification of insurance products that provide coverage to a wide array of electronic devices for different causes of loss, including loss, theft and malfunction. We will get into the particulars regarding what is a portable electronic device and the covered causes of loss in more detail below. As of the writing of this article, portable electronics insurance legislation has been enacted or is pending in almost every state and the District of Columbia.
According to an Office of Legislative Research report prepared for the Connecticut Legislature, as of August 2013, 40 states and the District of Columbia had enacted PEI legislation. Of the 10 states identified in the report as not having PEI legislation, nine had already either passed legislation that had not yet taken effect or were considering PEI legislation in the state legislature. New York is the only state where I could not find any indication that PEI legislation had at least been introduced in the state legislature.
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