Mobile insurance is becoming more and more prevalent as we enter this wonderful age of technology where we can fit the power of a computer in the palm of our hands. Because of the mobility of all of our devices as well as the price, it is only smart to invest in insurance to keep you covered in case your mobile phone becomes damaged, it is stolen or gets lost. So many people end up forgetting their phones when they go shopping or go out to eat and once the battery dies, there’s hardly any chance of getting it to the rightful owner.
You also want to be careful who you take advice from because there are some that may tell you that you don’t even need mobile insurance for your phone. If this person has never lost the phone before or had one stolen, they may indeed feel as if they’ve wasted their money on insurance. On the other hand, ask someone who has lost their expensive mobile phone and they didn’t have insurance. They will tell you that they should have gotten insurance.
The only time that you should ever be without mobile insurance is if your phone cost under 100 pounds. The cost of your insurance over a year’s time would probably cost more than the phone itself. Otherwise, you should always have mobile insurance for your smart phone and really, any other device that you have to carry around with you.
What Mobile Insurance Can Do For You
Everyone can get their own level of insurance, depending upon their circumstance. Most insurance companies will have different levels of insurance in case you feel you don’t need as much as other people. Many people could go years without ever damaging their phone and then one day, someone bumps into them, the phone crashes to the ground and it’s all over. You just never know when something’s going to happen and it only takes a split second.
A good insurance policy will cover you against theft, accidental damage, water loss including moisture seeping into the phone, unauthorized calls, good customer service and quick replacement of your mobile phone. Make sure that the insurance company does not replace your broken or lost mobile phone with a refurbished phone, otherwise, you may just be getting someone else’s headache and your insurance policy will probably only cover one replacement per year, so if it breaks you still have to pay full price for another phone.
When you are talking to an insurance salesman, you must be careful because they don’t always have your best interest at heart. They may be trying to get you to buy more than what you really need because it increases the size of their commission. If there is something that you don’t like about the insurance policy, you don’t have to sign it because there are so many choices for you to get exactly what you want. You should do all this research before you go to the shop to get your new phone so that you can compare the contract provider’s mobile insurance to see if it’s as good as the others because sometimes it’s easier to have everything in one place.
Some Pointers For Choosing Mobile Insurance
Make sure that the deductible you get makes sense. What you need to determine basically, is how much you can pull your pocket to pay if something happens to your phone. If it’s easier for you to pay a slightly higher premium each month then shelling out 100 pounds at one time, then you should get the lower deductible. If you can afford to pay more out-of-pocket at one time, then it might make sense for you to get the lower deductible.
You will want to be sure that you choose the right provider for your mobile. You might want to check out forums or other places where people discuss mobile insurance so that you can see just how good the customer service. If you see blog discussions or forums that have a lot of negative things to say about a provider that you may be considering, you can prevent making a costly mistake.
Some people choose to self insure. When you self insure, you put the money in a high interest savings account each month and if nothing happens at the end of the phone’s contract, then you can take the money and run. However if some unforeseen accident does damage your phone or you have to get a new one for any reason, you take the money from the savings account and put it towards your new phone. This is all well and good, however, what if you drop the phone after having it for only two months. You’re never going to have enough in your savings to offset this cost. You also have to be a very responsible person who is disciplined enough to put the money in the savings account each month.
Is Mobile Insurance Right For You?
It is strictly a personal decision on whether or not to get insurance for your mobile phone. However, it makes good financial sense if you have just spent 700 pounds on a smart phone that you’re going to use every single day and for so many different things. The truth of the matter is, that once someone has a smart phone that surfs the Internet, checks their e-mail lets them communicate quickly and easily with friends and family, it is very hard for them to ever go back to just a phone that makes calls. Having peace of mind can sometimes be the very best reason to purchase mobile insurance.