Is mobile phone insurance a necessity?

Mobile phone insurance is not a requirement, however it may make a great deal of sense and provides security.

Even a simple mobile phone is expensive. Of course some mobile phones come with anything but the kitchen sink and of course comes with high cost.

If you do not have even the cheapest mobile phone insurance, then you’ll have to find the money for the replacement or repair of your phone should it no longer be available to you.

iPhone Insurance

If you are wealthy that may not be of concern to you, if you are not, then insurance may be a sensible investment.

What does “no longer available” mean?

Your mobile phone may suddenly not be around for you any more for one of several reasons:

• theft – mobile phones are easy targets for thieves
• loss – the very size and convenience of a phone mean that they’re easily ‘left behind’ and irretrievably lost;
• destruction – dropping a mobile phone is often a sure-fire way of wrecking it thereby making it useless to you;
• breakdowns – a phone that doesn’t work is just ‘dead weight’ and if this happens outside of warranty then the phone is essentially just a waste.

While mobile phone insurance comes with extra expense this is nothing compared to the outlay if you suffer from one of the events covered in the insurance policy.

What are typical options for insurance?

First of all, of course, policy features and benefits will vary among providers, so the following information should be used as a guide only.

You can find an insurance policy that will insure your mobile phone against the above risks (iPhones may be subject to special terms and slightly higher premiums and loss is typically not covered).

Such policies typically will look to replace your phone with another within 48 hours and offer cover for problems wherever they arise – even if outside of the UK. It should be noted that this may include repair – it does not necessarily guarantee a new-for-old phone replacement.

How can one get the best deal or cheapest mobile phone insurance?

Do you consider your mobile phone as just one of the gadgets you probably own – including things such as games consoles, cameras and laptops etc.

Some policies may offer protection for a range of such gadgets for a relatively modest additional cost over and above basic mobile phone insurance. This may mean that considered overall, you are possibly getting rates that are cheaper for the phone insurance than if it was insured individually.

With the above in mind choosing the best solution for your needs may not be as simple as you first thought. You may find that looking for a package deal to give insurance for other gadgets including your phone is a better all-round solution than simply shopping-around for the cheapest individual policy available.

Mobile phone insurance