I asked gizmoguard the following:
"I would like to insure a device I have purchased (HTC Touch Pro) and would like to clarify two things:Firstly, I bought the product for £518 although most shops sell for £499. Would this be insured OK for £499 despite the price I purchased at?
Also, the policy mentions that mobile phones are not covered. The HTC Touch Pro is a PDA with phone capibilities - would this pose a problem?."
Their reply was:
"Thank you for your email. Unfortunately we do not cover PDA’s where it is also a phone, however if you contact a specialist mobile phone insurer they should be able to assist you further."
This obviously conflicts with previous posts here so I guess it depends on how you word your queries! I'll be using household contents insurance because nowhere seems anywhere near as reasonable as Gizmoguard.