I have not used Safeware personally, but I have used the similar, student-specific coverage from . It protects electronic equipment from theft, fire, floods, earthquakes, vandalism, electrical damage, water damage, and accidental damage. While I had CSI, I successfully filed three claims (one for laptop damage, and two for stolen cameras).

Even if you take all of these precautionary steps, having your laptop stolen will still be painful. But it will be less painful if you know that your files are backed up, your passwords are safe, your insurance company will pay for the loss, and you have a very real chance of catching the crook.