Do we have student laptop insurance here in the Philippines?

My graduating sister is getting herself a new laptop but I’m afraid that she might lose it somewhere. Getting a student laptop insurance is the best solution, I guess. I just don’t have the slightest idea if it’s available here in the Philippines. Is it?

The cost of a laptop is no joke, especially if the student will buy it using her own money so getting one with a student laptop insurance is one wise move, right?