Mobile Phone Insurance: EVERYTHING You Need To Know
Mobile phone insurance can seem a bit off-putting, with prices varying massively and the coverage it provides being dubious at best.___ A lot of people tend to avoid it altogether, which means they will inevitably end up spending several hundred pounds more on a new phone when their cover expires.
Who doesn’t want to protect their mobile phone? Having a cracked expensive smartphone is no laughing matter. As we all know, they keep getting more expensive while the price of insurance keeps going down.
Mobile Phone Insurance – Mobile phone insurance is an insurance you buy to protect your cell phone or smartphone investment.
This is because one thing that you need to remember about mobile phone insurance is that in most cases you will have to pay for it monthly, but the same cannot be said for monthly or annual payment plans for a new phone. With your current mobile contract nearing its end, you will probably have to start thinking about whether or not you want your contract renewed or not.
We all know that protecting your mobile phone from theft isn’t enough. If it’s damaged or stolen, then you will be facing hundreds of pounds of fees to replace it. This is why millions of people choose to protect their phones with mobile phone insurance.
Mobile phone insurance is a relatively new product. Therefore policies vary greatly from one provider to another, so you will need to make sure that you take out the right cover for you or browse through some reviews to see what other people think about the cover offered by their chosen insurer.
What is Mobile Phone Insurance?
Mobile phone insurance is designed to help protect your phone in the event that it is lost, stolen or damaged. It covers you for damage and theft, as well as a range of other issues that may affect your mobile device.
Mobile phone insurance can be purchased separately or added to your mobile phone contract at the time of purchase. Mobile phone insurance is also commonly offered by third party insurers as an add-on product to existing home contents policies or travel insurance policies.
What does mobile phone insurance cover?
- Repair or replacement of your handset – if your mobile phone is damaged or stolen, you can claim for a replacement handset.
- Screen repair – if your screen breaks, you can claim to have it repaired. There are limits on how much can be claimed for screen repairs.
- Cover against loss and theft – if you lose or have your mobile phone stolen, you can make a claim to get it replaced.
- Get Battery Replacement
The cost of replacing a smartphone can be significant and depending on the type of device you own, you may need to cover the cost yourself before receiving any reimbursement from an insurer.
Benefits of mobile phone insurance
Mobile phone insurance provides peace of mind by protecting you against loss, theft and damage to your mobile phone. If your phone is stolen or damaged, it may cost you a lot of money to replace it, especially if you have to buy a new one on credit. In addition, there are many other benefits you can enjoy with mobile phone insurance:
The benefits of mobile phone insurance include:
• Fast replacement – if your mobile phone is damaged or stolen, you’ll get a new one straight away (depending on your policy)
• Covers all types of damage – whether your screen has cracked or water has got into it, we’ll fix it up for you at no extra cost
• Cover for loss or theft – if your phone is lost or stolen, we’ll replace it with a brand new one so long as you have a pay monthly contract in place
The Best Cellphone Insurance Company
Asurion: Best Overall
SquareTrade: Best for Families
AppleCare+: Best for iPhones
Samsung Care+: Best for Samsung Phones
AKKO: Best for Policy Budget
Progressive: Best for Options
Lori: Best for Flexibility
Cost of mobile phone insurance
Mobile phone insurance can be expensive, with premiums starting at around £5 per month for a basic level of cover (up to £500 excess) and going up to £15 per month for a higher level of cover (up to £1,500 excess). You can get cheaper mobile phone insurance if you have an iPhone or Samsung Galaxy S9 or above.
Is it worth it to get insurance on your phone?
Yes, it worth to get insurance on your phone. But make sure you’re getting the right kind of insurance.
The best coverage for your phone is “accident protection,” which covers drops and spills. Accident protection isn’t expensive — usually $10 or less per month. And it’s better than nothing if your phone breaks or gets stolen.
But there’s another kind of insurance that’s even more important: purchase protection. This means that if you buy a phone from a carrier and it turns out to be defective, they’ll replace it for free — even if you no longer have an active contract with them. Purchase protection also applies if you buy a used device from someone else who didn’t pay off their contract completely (such as through craigslist).
It’s important to note that not every carrier provides purchase protection for new phones — only AT&T does so far — so make sure you’re aware of this before buying anything new.
You should also look into what kind of coverage is offered by each insurance provider before deciding if their service is right for you. Some plans cover only certain types of damage while others offer complete protection from any incident that could happen to your phone — but only if certain conditions are met (i.e., if there’s no water damage).
Finally, be sure that you understand exactly what is covered under your plan before signing up so that there are no surprises down the road.
Can I buy phone insurance after purchase?
Yes. You can buy phone insurance after you’ve purchased your phone.
The good news is that it’s not too late to get insurance for your iPhone. If you’ve already bought your phone and want to add insurance, you’re still in luck. Just take a look at our guide to buying cell phone insurance and learn how to protect your investment.
Most of the times, you can get a discount on phone insurance if you buy it within a month of purchase. However, there are few cases when you can’t.
The most common reason for this is that you may have bought the phone from someone else and not from the manufacturer or retailer directly. In such cases, you will have to go through your service provider or retailer to get cover.
If you have bought the phone from someone and want to buy insurance, then you should contact your service provider and ask for an insurance plan. You may be required to pay an extra fee for this service if it is not included in your monthly bill.
Another reason why buying insurance after purchase may not be possible is if there has been any damage to the phone while it was in your possession. If there is any damage, then it would be difficult for any insurer to sell you a policy as they cannot determine whether the damage was caused by external factors or internal faults (this would also apply if you wanted to sell your phone).
Mobile Phone Insurance vs Warranty. What’s the difference?
Mobile phone insurance and warranty are two different things that can be used to protect your device. They both offer coverage against damage and loss, but they differ in many ways.
Mobile Phone Warranty:
A warranty is a contract between you and the seller of a product or service. It promises that if there is a problem with the product, it will be fixed or replaced free of charge. The length of this contract varies from one company to another, but generally lasts 12 months from when you buy your phone. If you have purchased an extended warranty for your device, then this may last up to 2 years after purchase.
Mobile Phone Insurance:
Mobile phone insurance is an additional service that you pay for on top of buying your device outright or through a plan with your network provider. It offers cover against accidental damage and loss of devices, as well as providing some peace of mind if something goes wrong with your phone while it is under warranty with the manufacturer or network provider. Many also offer cover for theft, loss and even water damage (although this varies depending on what country you live in).
The main difference between a warranty and mobile phone insurance is that the latter offers coverage for accidental damage or theft. A warranty only covers technical defects in your device which have occurred during manufacturing, whereas a mobile phone insurance plan covers accidental damage or theft as well.
SEE: Top Best Car Insurance Companies of June 2022
How much does it cost to insure a cell phone?
The cost of cell phone insurance varies depending on the type of plan you choose and how much coverage you want. A basic plan may be available at a low monthly fee while more comprehensive plans can run several hundred dollars per year. The price also depends on whether you want just basic coverage or protection against theft as well as loss or damage due to fire, flood or other disasters.
Another thing that affects the price of cell phone insurance is whether your plan includes accidental damage protection (ADP). This type of coverage pays for repairs if something happens accidentally to your device such as dropping it in water.
Precautions avoid of being a victim of mobile phone theft
Keep an eye out for individuals on bikes and mopeds, and don’t use your phone if you think someone might grab it.
Don’t check your phone right after exiting a tube or railway station; wait a few minutes or go into a store.
If you text while walking, you’ll be less attentive of what’s going on around you.
If you’re outside, stand with your back to a wall so no one can approach you from behind.
Immobilise.com is a website that can help you retrieve your phone and other valuables and catch burglars. You’ll need the IMEI (International Mobile Equipment Identity) number from your phone, which you may get by dialing *#06#.
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Video: What does phone and gadget insurance cover?
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