1. “Portable electronics insurance” means insurance which provides coverage for the repair or replacement of portable electronics and which may cover portable electronics against loss, theft, inoperability due to mechanical failure, malfunction, accidental damage or other similar perils in accordance with the terms of the policy.
2. The term does not include:
(a) A service contract governed by chapter 690C of NRS;
(b) A maintenance agreement;
(c) A warranty;
(d) A policy of homeowners’ insurance, renter’s insurance or motor vehicle insurance; or
(e) A policy of property or casualty insurance for business and commercial risks.