Look Before You Buy Cell Phone Insurance

Posted on: October 27, 2010

Our cell telephones are a life line, a work tool, & in some cases, the tie that binds families. To be without a mobile phone is unimaginable for many but it is a reality that they are faced with at some time as record numbers of handsets are lost, stolen, or rendered useless each year. However, in a nation that attempts to insure every possession, mobile phone insurance is obtainable.

Numerous insurers have popped up in recent years promising to finish the turmoil caused by the unexpected absence of these handy devices. These companies reassure us that they won’t go over a matter of hours when a mobile phone is stolen as they strive to quickly resolve claims & replace our valuable goods. But is this insurance  cost effective? Does it provide the service that consumers anticipate? Potential buyers need to take the time to seek out the details of a policyowner before deciding that such insurance is a solution to the issue of a mobile phone gone missing or bad.

When reviewing a mobile phone insurance policyowner, buyers ought to consider a few things:

Consider the cost of the coverage.

how are cell telephones replaced?

This includes the every month payments times the number of months the owner anticipates having the phone. for example, a $5/month policyowner held on a phone that is owned for 3 years would total $180. that is $5 x 36 months = $180. Now the potential buyer must also factor in any deductible. For our example lets say there is a $50 deductible. The new total of $230 represents what the buyer would actually be paying if indeed their phone had to get replaced. Consumers need to compare the cost of a new, equivalent mobile phone compared to the cost of the coverage. in the event that they can receive a new phone on their own for   the same amount as the cost of the policyowner, they are better off forgoing the insurance.

What does the mobile phone insurance policyowner cover?

Is there a guarantee that the phone will get replaced with a model of equivalent or better value? A guarantee that the phone will be new  than refurbished? Is there language assuring the timeframe in which the phone will get replaced? These types of questions will help choose whether or not the service will meet the needs for immediacy in obtaining a replacement & if the replacement will be inferior or equivalent to the original equipment.

Does the policyowner apply to mobile phone theft, mobile phone loss, & significant damage? it is important to know which situations are covered & which are most likely to occur. If the policyowner does not cover the situations that a specific buyer is most concerned with, then the policyowner is useless to them. Many policies will differentiate between loss & theft; sometimes requiring a police document for thefts.

Know what the cellular provider can do in these instances

Like any type of insurance coverage, mobile phone insurance could provide significant assistance in quickly replacing a vital device that an owner can not afford to replace in some circumstances. However, in many instances it is merely an added expense. Consumers need to carefully review the policyowner to choose whether or not it offers the type of protection they need for their mobile phone.

Some cellular providers are willing to help replace a damaged or missing mobile phone that a user has had for over a year. In some cases, a replacement will be provided or discounted, minimizing the necessity for the additional protection of mobile phone insurance.


7 Responses to "Look Before You Buy Cell Phone Insurance"

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