![]() Or, if you're a company, to someone other than a full time employee of your company The loss, damage or theft happened after you gave, lent or sold the mobile to someone other than an immediate member of your family who's aged sixteen years or older.Your mobile is stolen, intentionally damaged, misused or abused by you, your spouse, partner, relatives or people who you live with.Your mobile is left unattended out of your sight, possession or control.When considering if you want to purchase phone insurance, it’s essential to read and understand the contract you’re entering and what coverage you’ll get for your money.Your Policy Document will cover Exclusions in full, but some of the events which aren't covered are if: ![]() But even the most careful person can end up with a stolen mobile phone or even an act of nature ruining their phone. Only you know yourself well enough to know if you’re prone to phone accidents. The average American drops their phone at least four times a week. Insurance carriers have been known to drop individuals for making too many claims in a given amount of time.ĭeciding if Phone Insurance is Right for You But depending on the insurance company, you may end up with the same make and model but in a different color or even a refurbished model.Īnd finally, be sure to check the cap for the number of claims you can make. For example, you may think that if your phone is stolen, you’ll receive the same style of phone you had. Another con is that you may end up spending more on the premium and deductible than what the repair or replacement cost would have been.Īlso, you need to be sure to read the contract in full to ensure you’re getting what you think you’re paying for. As with any other insurance, you’re paying for a “what if” that may never come to pass. One of the biggest cons to phone insurance is that it’s only worth it if you file a claim. ![]() You will need to read the fine print in the contract, but you’re usually not locked into a very long-term commitment. You can keep it as long as you want and then cancel it. This can be a big plus if you have no idea where to take a broken phone.Īlso, phone insurance isn’t a set-in-stone commitment. If your insurance premium and deducible aren’t too high, you can save some of your hard-earned money with phone insurance.Īnother pro is that many phone insurance companies will help you find a reputable repair shop near you. Replacing a screen or battery or fixing the camera can add up to some serious dough. Phone insurance is a good investment if you end up having to use it. And finally, there’s even SquareTrade, backed by the insurance giant Allstate, which offers mobile phone insurance. There are also insurance plans specific to the type of phone, such as AppleCare+ for iPhones and Google Preferred Care coverage for Pixel phones. They’re often referred to as device protection plans and have varying options for coverage. Mobile phone carriers usually offer mobile phone insurance plans. You must pay the deductible first before the insurance provider covers anything. ![]() Just like with car or health insurance, you pay a premium or monthly fee and a deductible, which is an out-of-pocket amount you spend on top of the premium. If your phone gets lost or stolen, or you drop it and crack the screen, you may be reimbursed for the money you spend to fix the phone. ![]() Mobile phone insurance is a plan that helps pay for repairs not covered by the warranty. Before you sign your name to the dotted line though, it’s best to understand the product fully. But what if you want extra assurance that you won’t need to invest in a new mobile phone well before you’re ready? Phone insurance may be an option for you. Phone warranties come with all new mobile phones and some used mobile phones (if the warranty hasn’t expired yet) and protect against basic device defects and hardware malfunctions. That can mean protecting it with a sturdy case, being extra careful with it, or even purchasing a premium warranty, extended warranty, or phone insurance. When you purchase a new mobile phone (or a mobile phone that’s new to you), you definitely want to make it last. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |