PHONE INSURANCE

phone insurance is an important aspect of insurance. This is because our Mobile phones have become a substantial part of our lifestyles. This is to the extent that many of us cannot go out of our houses without our phones going with us in our pockets. Our phones help us connect with family and friends and the rest of the world at large. So when they break, it can be frustrating and costly with some phones from Apple, Samsung, etc costing some thousands of dollars. This is because most of the times, these our phones are luxurious and sophisticated phones and not just simple phones.

Thus, carrying our phones with us all the times means that we are vulnerable to dangers like armed robbery, falling off and damaging. Therefore, phone insurance has become highly necessary as a result of the high costs of these phones so that we will have something to fall back to in the event of loss or damage to our phones.

However, phone insurance presents itself as the solution to these myriads of problems. Some policies are there to provide coverage of indemnity if your phone is breaks, lost or is stolen. The insurance policy helps you avoid paying the full price of a replacement and protect you from accidents related to water damage and cracked screens as a result of falls and as such provide you with peace of mind.

People who need phone insurance

Not everyone will need phone insurance, therefore, consider these factors to find out if it is right for you.

when you rely on your phone for day to day tasks
If you have high probability of misplacing you phone
When your children have expensive phones.
If you are paying up the cost of your phone on instalment, can you pay the full cost of a replacement while paying off your old phone?
When you are not technologically good enough to be able to activate a replacement phone on your own and transfer your data to your new device

With phone insurance, you can get convenient repairs when you need them, whether it’s a walk-in visit at a local store or a home visit by a qualified tech.

What does phone insurance cover?

As we all know, most warrantees available when we buy our phones do not include the event of losing our phones or theft. And yet, every year, an estimated 19 million phones are lost or stolen. However, some phone insurance plans do and they may cover the following:

Normal wear and tear connected to dust, internal heat, and humidity
Mechanical failures and defects after the expiration of the manufacturer’s warranty.
Accidental damage like cracking of phones: this will repair your phone in the event it sustains damages as a result of an accident. Some insurance companies will replace your phone if it cannot be repaired.
Water damage as a result of from spills or otherwise: If your gadget has been damaged due to splashes or full immersion in water, your insurer will repair it or replace it.
Breakdown: coverage if your insured phone breaks down.
Unauthorised usage:your insurer will pay for unauthorised calls and data usage from your device, when it has been lost or stolen, up to £2,500.
Phone loss and theft: Coverage if you lose your phone, the insurance company will replace it
Theft:If your gadget is stolen, your insurer will replace it.
Accessories: the insurance company will replace any accessories (up to £150) if they are lost, stolen or damaged at the same time as your phone.
Worldwide cover: Cover extends to include use of your gadget anywhere in the world,
Family cover: Your gadget cover extends to your immediate family. If your partner loses or damages your phone you will also enjoy coverage
E-wallet cover: If your gadget is accidentally lost or stolen, you will get a refund of the cost of unauthorized transactions made using your e-Wallet facility up to a maximum of £500.

How phone insurance works?

Having decided to insure and protect your phone so as to receive comprehensive coverage for the items listed above, it will enable you save money, as well as convenience and peace of mind.

Most of phone insurance plans require that you pay a monthly premium as well as a deductible when you file a claim. Furthermore, even when you wind up paying premiums and deductibles, phone insurance can help you avoid unexpected costs. Therefore, without phone insurance, if something happens and you still have a balance to pay if you are still paying for your phone on monthly instalment, you may end up paying for your old phone and a brand-new replacement.

Similarly, with phone insurance, you can quickly get your phone back again and thus save your time. Whether it’s at your own home or a local repair shop either way, you’ll have your phone back up and running as soon as the same day. And if a technician can’t fix it, most replacement devices arrive in as little as 24 hours.