Risks of Cell Phone Insurance
As with any type of insurance, finding the insurer is the easy part. When it comes to claiming on the policy, you will probably start experiencing problems, usually disappointment.
While the sales people that signed you up to the insurance service will probably have left you with a lasting good impression of the mobile phone insurance company, the claims department will probably – through no fault of their own – give you a close look at the other side of the coin.
The fact is, insurance is a business, and as such the insurers don’t want to part with any money. The result of this is that you could end up paying an unnecessarily high deductible rate (something that might even be the price of your phone in some cases) while the replacement phone you receive isn’t guaranteed to be a new device.
If you’re seriously considering insuring your mobile phone then you should spend time reading the terms of the policy, checking the small print and making a decision on whether or not the monthly outlay is worth it.
After all, many smartphones are only viable for use for a couple of years before the devices become dated by a new generation of phones. As long as you are able to regularly back up any contacts and other important data from the device, you might find that you don’t really need to insure your mobile!